How to Odoo: The Manufacturing Close & Variance Analysis
Validating Accuracy Before Finalizing Your P&L and Balance Sheet
The first three webinars covered how to execute production.
This final session focuses on proving the numbers are correct.
We connect shop-floor execution with financial reporting and walk through the month-end Manufacturing Close required to validate inventory valuation, WIP, and COGS.
Key Takeaways You Will Master
| Focus Area | What You Will Learn | Financial Benefit |
| Cost Analysis: Truth vs. Standard | How to use the Cost Analysis tab to identify Efficiency Variances and Price Variances on Manufacturing Orders. | Pinpoints exactly where money was lost and supports Controller-level audit. |
| Clearing Ghost WIP | How to detect and close “Open” MOs that are physically complete but stuck in WIP. | Eliminates overstated assets and cleans the Balance Sheet. |
| Unbuild vs. Inventory Adjustments | Why correcting mistakes with Unbuild Orders preserves the GL, while Inventory Adjustments distort valuation. | Ensures accurate reversals and prevents stranded costs. |
| Profitability by Product Line | How to apply Analytic Distribution to Work Centers and BoMs to generate product-line P&Ls. | Reveals true profitability without adding accounts to the Chart of Accounts. |
| Month-End Close Discipline | Steps required to reconcile WIP, explain variances, and finalize COGS. | Produces a clean, defensible Manufacturing Close for Finance. |
Target Audience
CFOs, Controllers, Production Managers, and anyone responsible for financial accuracy or operational variance reporting.
Primary Takeaway
Attendees will leave with a Month-End Close Checklist to ensure:
- Manufacturing Variance is explained
- WIP is cleared
- Cost of Goods Sold is finalized
- Inventory values reflect reality, not assumptions