Chart of Accounts

The chart of accounts is the structure on which all entries and financial reports are built. Odoo ships a ready Saudi chart you can adapt.

Path: Accounting → Configuration → Chart of Accounts

1. Open Accounting → Configuration → Chart of Accounts to list all accounts.
2. Note each account has a Code, name and Type: asset, liability, equity, income, expense.
3. Common numbering: 1 assets, 2 liabilities, 3 equity, 4 income, 5/6 expenses.
4. To add an account click New, then enter the code and name.
5. Choose the Account Type carefully as it determines placement in the balance sheet or P&L.
6. If needed, set Default Taxes and reporting tags for VAT.
7. To edit an account open it and change the name or type, then save. Avoid deleting an account with entries — deactivate it instead.