How to Odoo: The Cost Foundation (Planning & Setup)
Defining Standard Costs & Allocating Overhead for Accurate P&L and Balance Sheets
Your Profit & Loss and Balance Sheet are determined long before production begins. The moment you define Work Centers, Bills of Materials, and maintenance assumptions, you set the financial baseline that drives cost accuracy, margin visibility, and variance analysis.
This webinar breaks down the core configuration areas that dictate financial truth inside Odoo.
Key Takeaways You Will Master
| Focus Area | What You Will Learn | Financial Benefit |
| Work Centers (I01) | How to correctly define “Cost per Hour” and structure overhead absorption. | Prevents inflated or understated overhead costs hitting COGS and margins. |
| Bills of Materials (I02) | Difference between Kit/Phantom vs. Manufacture BoMs, and how Component Cost + Operation Cost form Estimated Asset Value. | Ensures accurate asset valuation and avoids distorted production variances. |
| Maintenance & OEE (I07) | How uptime, downtime, and equipment performance influence production cost and revenue capacity. | Aligns hourly rates with true productive capacity and embeds maintenance costs appropriately. |
| Cost Baseline Setup | How master data shapes P&L and Balance Sheet outcomes before production. | Produces reliable variance analysis from Day One. |
The Financial Hook
If your Work Center costs and BoMs are wrong, your Balance Sheet is wrong the moment you click “Produce.” This session shows you how to build the correct baseline for accurate reporting, margin clarity, and actionable variances.
Who Should Attend?
Odoo users in Operations, Finance, Cost Accounting, and Manufacturing who want to ensure their costing setup produces accurate financial statements from the first production run.
Duration: 50 Minutes