Achieving Accurate P&L and Balance Sheets: Mastering Warehouse Management for Financial Integrity
Are your inventory reports giving your finance team a headache? The accuracy of your Profit & Loss (P&L) and Balance Sheet starts the moment a product enters your warehouse. Errors in stock valuation, receiving, and shipping lead directly to incorrect Cost of Goods Sold (COGS) and inflated Inventory Assets.
Join us for a deep dive into the most overlooked best practices and powerful, automated features in Odoo that bridge the gap between physical operations and financial reporting.
Key Takeaways You Will Master:
| Focus Area | What You Will Learn | Financial Benefit |
| Product Costing | How to use Automated Valuation (and advanced FIFO) to guarantee real-time COGS accuracy. | Ensures your Gross Margin on the P&L is never artificially inflated. |
| Landed Costs | The crucial step of configuring Landed Costs (freight, duties) to be included in product value. | Prevents understating your Inventory Asset and COGS. |
| Operational Control | Implementing Three-Step Receiving and optimized Putaway Rules for flawless data entry. | Reduces labor costs and prevents unusable inventory from inflating the Balance Sheet. |
| Loss & Waste | Using dedicated Odoo Scrap Workflows to accurately expense damaged goods immediately. | Avoids large, unexpected year-end losses on the P&L. |
| Reconciliation | Mastering the Pick-Pack-Ship process and Cycle Counting using Inventory Adjustments. | Guarantees the physical stock matches the Inventory Asset account, enabling confident audits and financial closing. |
Who Should Attend?
Odoo Users in Operations, Finance, and Management who want to ensure their ERP is set up to deliver flawless, real-time financial accuracy from the moment they touch inventory.
Stop guessing your gross margins. Start building financial integrity from the warehouse floor.
Duration: 50 Minutes