It is easy to start working with OpenERP account module, starting a new company or carry-forward the entries to next financial year. We have seen in my last post Want to setup OpenERP Accounting module? , In this post I would like to show you how we can configure journals, chart of accounts and start working with financial transactions. Auditing is most important process in Indian accounting system. It has to be perform at the end of every financial years for small and medium size companies but quarterly for big or public companies. The second and most important things is quarterly balance sheet. Well OpenERP's account module is capable enough to provide lots of flexibility so that we can generate monthly balance sheet too. Lets start configuration of Periods, Journals, Accounts. Download the configured database before proceeding the article, If you wanted to checkout configuration step by step on the live database. Financial Years In the accounting database you can get two f...