How to create Bank in Odoo?

Create a Bank Journal (Most Common Requirement)

If you want the bank to appear in Accounting → Dashboard, you need a Bank Journal.

Steps:

  1. Go to Accounting

  2. Navigate to:
    Configuration → Journals

  3. Click Create

  4. Set:

    • Journal Name (e.g., Emirates NBD – Main)

    • Type → Bank

    • Bank Account → select the bank account else create new bank GL for bank a/c (secondary)

    • Short Code (e.g., ENBD)

  5. Under Accounting Information:

    • Set Default Debit Account (Bank GL)

    • Set Default Credit Account

    • Set Default suspense Account
    • Set outstanding receipt account for incoming payment (Manual Payment)
    • Set outstanding payment account for outgoing payment (Manual Payment & check)
    • Set bank feed

  6. Click Save

✔ The bank will now show on the Accounting Dashboard

(Optional) Create Bank GL Account Manually

If not auto-created:

  1. Go to Accounting → Configuration → Chart of Accounts

  2. Click Create

  3. Set:

    • Account Name: Bank – Emirates NBD

    • Account Type: Bank and Cash

  4. Save and link it to the Bank Journal

UAE-Specific Best Practices 🇦🇪

Since you’re working with ERP in the UAE:

✔ Use IBAN format
✔ Assign AED currency
✔ Ensure proper bank GL mapping for VAT reconciliation
✔ Enable Bank Reconciliation from journal settings
✔ If using e-invoicing / PEPPOL, ensure bank details appear on invoices