diff --git a/accounting/overview/main_concepts/in_odoo.rst b/accounting/overview/main_concepts/in_odoo.rst index 2e05c765b..ea1a40e48 100644 --- a/accounting/overview/main_concepts/in_odoo.rst +++ b/accounting/overview/main_concepts/in_odoo.rst @@ -23,14 +23,14 @@ Accrual and Cash Basis Methods ============================== Odoo support both accrual and cash basis reporting. This allows you to -report income / expense at the time transactions occur, or when -payment is made or received. +report income / expense at the time transactions occur (i.e., accrual basis), or when +payment is made or received (i.e., cash basis). Multi-companies =============== Odoo allows to manage several companies within the same database. Each -company has its own chart of accounts an rules. You can get +company has its own chart of accounts and rules. You can get consolidation reports following your consolidation rules. Users can access several companies but always work in one company at a @@ -57,7 +57,7 @@ countries and specific modules exists per country for the specificities of the country like the chart of accounts, taxes, or bank interfaces. -In particular, Odoo's core accounting engine support: +In particular, Odoo's core accounting engine supports: * Anglo-Saxon Accounting (U.S., U.K.,, and other English-speaking countries including Ireland, Canada, Australia, and New Zealand) @@ -65,7 +65,7 @@ In particular, Odoo's core accounting engine support: sold/delivered. * European accounting where expenses are accounted at the supplier bill. -* Storno accounting (italy) where refund invoices have negative +* Storno accounting (Italy) where refund invoices have negative credit/debit instead of a reverting the original journal items. Odoo also have modules to comply with IFRS rules.