Project Description
Odoo Setup Requirement for TrueBuild
I want to set up Odoo for my business TrueBuild Deck & Turf so that my accounting, bank transactions, inventory, profit/loss, and tax reporting are properly connected.
My main requirement is to connect my business bank account with Odoo so bank transactions are imported automatically.
When money comes into the bank account, I want Odoo to help categorise it correctly, for example:
Customer payment → Income / sales
Loan from someone → Loan payable, not income
Investment into business → Owner contribution / loan, not income
Refund → Reduce expense or supplier/customer account
When money goes out from the bank account, I want Odoo to categorise it correctly, for example:
Supplier payment → Purchase / vendor bill
Stock purchase → Inventory / stock value
Business expense → Expense
Loan repayment → Reduce loan balance
Interest payment → Interest expense
Money lent to someone → Loan receivable, not expense
I do not want every money-in transaction to automatically become income, and I do not want every money-out transaction to automatically become an expense. I want each transaction to go to the correct account so my reports are accurate.
Automation Requirement
I want the system to be as automatic as possible:
Bank transactions should import automatically from my bank.
Reconciliation rules should be created so regular payments are matched automatically.
Customer payments should match with invoices.
Supplier payments should match with vendor bills.
Product sales should reduce inventory automatically.
Stock purchases should increase inventory automatically.
Cost of goods sold should be calculated properly.
Profit and loss should update automatically.
GST/tax reporting should be easier for BAS/tax return.
I understand that some transactions may still need review or confirmation, but I want the setup to reduce manual work as much as possible.
Inventory Requirement
I sell physical products such as:
Decking
Cladding
Artificial turf
Glue
Accessories
I want to add all products into Odoo Inventory with proper units such as:
Pieces
Boxes/cartons
Square metres
Linear metres
Pallets
I want to know:
How much stock I currently have
How much stock value I have
How much stock is damaged
How much stock is sold
How much profit I make from each product
How much margin I make
How much stock needs to be reordered
When I sell a product, I want Odoo to automatically reduce stock and calculate the product cost/profit.
At the end, I only want to adjust inventory when needed, for example:
Current stock count adjustment
Damaged stock
Lost stock
Returned stock
Reports I Need
I want to see everything separately and clearly:
Total income
Total expenses
Profit and loss
Bank balance
Inventory value
Stock quantity
Damaged stock
Loan payable
Loan receivable
Supplier deposits
Customer invoices
Vendor bills
GST/tax report
Product margins
Cash flow
Balance sheet
Tax Requirement
The business is in Australia, so I need:
AUD currency
10% GST setup
BAS/GST reporting support
Tax excluded pricing
Financial year ending 30 June
Correct separation of income, expense, GST, loan, and inventory
Important Point
I want Odoo set up correctly from the beginning so I can trust the reports.
The goal is:
Bank connected + inventory connected + invoices connected + bills connected
= automatic profit/loss, stock value, GST, and business reports
Freelancer Task
Please help me set up:
Odoo Accounting
Bank connection
Bank reconciliation rules
Chart of Accounts
Customer invoices
Vendor bills
Loan tracking
Interest tracking
Inventory products
Product categories
Stock valuation
GST/tax settings
Profit & Loss report
Balance Sheet report
Inventory report
Product margin report
I need someone who can set this up properly and also explain to me how to use it daily.