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How to Configure Storno
Accounting in Odoo 18 Accounting
Enterprise
Enterprise
It's a method to correct errors or reverse transactions in the
accounting system. If there's a mistake in payments or a refund
is needed, Storno Accounting helps resolve these issues
efficiently.
Introduction
Enterprise
● Storno accounting in Odoo is the process of reversing or
canceling a recorded journal entry. It enables users to
correct errors or undo incorrectly posted transactions
efficiently.
What's Storno Accounting?
Enterprise
● Go to Settings – Navigate to Website Configurations >
Settings.
● Enable Storno Accounting – Find and activate the Storno
Accounting option.
● Create an Invoice – Generate an invoice to test the Storno
functionality.
Steps
Enterprise
Settings
Enterprise
Enable Storno Accounting
Enterprise
Create an Invoice
Enterprise
● Create the Invoice – Add a product, Customizable Desk
($750), to the invoice line.
● Save & Confirm – Save the invoice and confirm it, changing
its state to Posted.
● Make the Payment – Click the Pay button to complete the
payment.
Steps
Enterprise
Create the invoice
Enterprise
Save & Confirm
Enterprise
Make the Payment
Enterprise
● Identify the Price Change – Before making the payment, if
the price changes, a credit note must be generated.
● Create a Credit Note – Navigate to the wizard, specify the
reason (e.g., incorrect unit price), and click Reverse. This
action moves the invoice to Draft.
● Recreate Invoice – Modify the price (e.g., change it to
$777) and create a new invoice accordingly.
Steps
Enterprise
Identify the Price Change
Enterprise
Create a Credit Note
Enterprise
Recreate Invoice, save and
confirm it
Enterprise
● Save the New Invoice – After creating the updated invoice,
navigate to the Accounting menu.
● Check Journal Entries – Go to Journal Entries, where the
first record shows a $750 reversal.
● Confirm the New Invoice – The new invoice with $777 is
already created, so proceed to confirm it.
Steps
Enterprise
Accounting
Enterprise
Check Journal Entries
Enterprise
Confirm the New Invoice
Enterprise
● Reporting – Navigate to the General Ledger section.
● Select Customer Invoices – Filter the records to display
customer invoices.
● Check Reversed Invoice – The previously reversed invoice
will appear in red with a debit of -$750.
Reporting
Enterprise
Reporting
Enterprise
Select Customer Invoices
Enterprise
Check Reversed Invoice(Red)
Enterprise
Storno accounting in Odoo provides an efficient way to
correct financial errors by reversing incorrect transactions
while maintaining a clear audit trail. This method ensures
accuracy in financial records without deleting entries, helping
businesses comply with accounting standards. By using
Storno, users can easily manage adjustments, maintain
transparency, and ensure proper financial reporting.
Conclusion
For More Info.
Check our company website for related blogs
and Odoo book.
Check our YouTube channel for
functional and technical videos in Odoo.
Enterprise
www.cybrosys.com

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How to Configure Storno Accounting in Odoo 18 Accounting