How to Odoo: The Work in Progress (Execution & WIP)
Validating Assets & Managing Production Flow
Every production run moves value across your Balance Sheet—from Raw Materials to Work in Progress to Finished Goods. If these steps are not executed and recorded correctly, costs leak out of the system, inventory becomes unreliable, and financial statements lose integrity.
This webinar focuses on how Odoo records value movement through each stage of production—and where mistakes distort your P&L and Balance Sheet.
Key Takeaways You Will Master
| Focus Area | What You Will Learn | Financial Benefit |
| Pick for Production (I03) | The financial impact of transferring materials from warehouse stock to pre-production/WIP locations. | Ensures accurate reclassification of assets and prevents hidden material losses. |
| Production Execution (I04) | How Odoo records time, labor, and operational effort during manufacturing. | Produces accurate labor capitalization and prevents overstated COGS. |
| Material Consumption (I06) | How to record over-consumption, deviations, and variances when actual usage differs from the BoM. | Makes material variances visible and allows true cost comparison against standards. |
| Scrap Management (I09) | How to expense damaged/destroyed materials correctly rather than letting them inflate inventory value. | Prevents overstated assets and protects margin accuracy. |
| Flow of Value | How product value moves from RM → WIP → FG through each GL posting. | Strengthens financial traceability and exposes “ghost inventory.” |
The Financial Hook
“Where did the money go?”
We will trace every GL move from Raw Materials to Finished Goods and show you how to identify ghost inventory, unrecorded scrap, and hidden production losses.
Who Should Attend?
Odoo users in Manufacturing, Operations, Cost Accounting, Inventory, and Finance who need accurate WIP tracking and financial clarity across the production cycle.
Duration
50 Minutes