What is an Analytical Account in Odoo?
An Analytical Account is used to track income and expenses beyond the main chart of accounts, such as by:
Project
Department
Cost center
Branch
Contract
Client
Example
| Expense | GL Account | Analytic Account |
|---|---|---|
| Office Rent | Rent Expense | Dubai Office /Sharjah office |
| Fuel | Vehicle Expense | Logistics Dept/ IT Dept |
| Consulting Revenue | Sales | Project Alpha/ SES Project |
What is an Analytical Plan?
An Analytical Plan defines how analytic dimensions are structured.
👉 It allows multiple analytic dimensions at the same time.
Without Analytic Plan
You can track only one analytic account per line.
With Analytic Plan
You can track multiple dimensions simultaneously, such as:
Department
Project
Location
Real Business Example
Company wants to analyze:
Cost by Department
Cost by Project
Cost by Branch
Analytic Plans Setup
| Analytic Plan | Purpose |
|---|---|
| Department | HR, IT, Finance |
| Project | Project A, Project B |
| Branch | Dubai, Abu Dhabi |
Configuration Steps in Odoo
Step 1: Enable Analytic Accounting
📍 Accounting → Configuration → Settings
✔ Enable Analytic Accounting
Create Analytic Plans
📍 Accounting → Configuration → Analytic Plans → Create
Example:
Plan Name: Department / Project/ Branch
Create Analytic Accounts
📍 Accounting → Configuration → Analytic Accounts → Create
Assign:
Name: IT Department/ Finance Department/ Secondary Department
Analytic Plan: “Department”
Using Analytic Accounts in Transactions
Analytic accounts can be assigned at:
Vendor bills
Customer invoices
Journal entries
Expenses
Timesheets
Purchase orders (with configuration)
Example: Vendor Bill Line
| Field | Value |
|---|---|
| GL Account | Electricity Expense |
| Department | IT |
| Project | Project A |
| Branch | Dubai |
Analytic Distribution (Very Important)
Odoo allows splitting costs across multiple analytic accounts.
Example
AED 10,000 expense split as:
60% → Project A / IT Department
40% → Project A / Finance Department
This is done using Analytic Distribution on invoice lines.
Analytic Reporting
📍 Accounting → Reporting → Analytic Report
You can analyze:
Profitability by project