Odoo Accounts

Tax Mapping and Account Mapping in Odoo

Tax Mapping and Account Mapping in Odoo

Odoo is a versatile ERP package which can handle any real-time business needs. In real time scenario, generally, the trade or transaction may involve interstate or international dealings. In such dealing often the complicated things are the different tax rates. For example, a product may have 10% tax rate in a state and it may be 15 % in another state. How to handle such situation in Odoo? The answer is Fiscal Positions. We can map Taxes as well as Accounts in Odoo fiscal positions.

  • Tax Mapping

Here this product’s vendor tax is configured as VAT 10%. What if I cannot purchase this product from some vendors with this tax rate (assume the tax rate is more than 10%, let’s take it as 12%). In this case, we can use tax mapping of fiscal position

Now specify this fiscal position on partner master. So that you can use the mapped taxed while purchasing the product.

Tax mapping is also useful when we need to apply more than one tax on a single product.

  • Account Mapping

Fiscal position provides one more feature ‘Account Mapping’ through which we can set/change Relative Tax account based on different customer/country.

Accounting > Configuration > Accounting > Fiscal Position

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