Does this module replace Tally ERP?

No. It brings Tally-style reporting and stock-accounting behaviour into Odoo, so the finance team sees the familiar P&L lines while the business runs operations, GST, inventory, and audit trail in Odoo 18.

What does "Anglo-Saxon Accounting according to Tally" mean?

With the setting enabled (alongside Odoo's standard Anglo-Saxon accounting), Odoo skips its default outbound COGS lines and follows Tally-aligned posting instead — matching how most Indian businesses treat stock and sales costing.

How are opening and closing stock calculated?

The module uses Indian closing-stock tagging plus accounts flagged for Tally-wise reporting. Opening stock is taken at the period start and closing stock from the beginning of books, presented in the same P&L structure Tally uses.

Is GST filing included?

GST fields come from Odoo's standard Indian localization. This module focuses on the Tally-style P&L and stock accounting — it does not replace GSTR filing tools, which remain separate apps.

Which Odoo editions and versions are supported?

Odoo 18.0 Enterprise, deployable on Odoo Online, Odoo.sh, or on-premise. The module depends on Invoicing, Accounting, Discuss, Sign, and Inventory.

What support is included with the $98.99 purchase?

90 days of bug-fix support and 5 hours of free configuration assistance (additional hours billable), available Monday to Friday, 10:00–19:00 IST via support@techultra.in.

Odoo App · Accounting

Tally Style Indian Accounting & P&L Reporting for Odoo

Migrate from Tally ERP to Odoo without losing the P&L layout your finance team and CA already read — opening stock, closing stock, gross profit, and Tally-aligned COGS posting.

$98.99 Odoo 18.0 OPL-1

Get it on the Odoo App Store Book a free consultation

Tally-style profit and loss statement in Odoo 18 with opening stock, closing stock, and gross profit lines

Odoo settings screen with Automatic Accounting and Anglo-Saxon Accounting According to Tally enabled

Indian chart of accounts in Odoo with the pre-configured closing stock account

Product category configuration with automated real-time valuation and AVCO costing method

Confirmed purchase order starting the Tally-aligned purchase-to-P&L workflow

Validated receipt generating automatic stock valuation journal entries

Tally-style P&L after vendor bill confirmation showing closing stock value

Final Tally-style P&L after customer invoice with income, expenses, closing stock, and net profit

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Overview

Indian businesses moving from Tally ERP to Odoo usually hit the same wall: Odoo's standard P&L doesn't show opening stock, closing stock, or gross profit the way Tally does, so finance teams and chartered accountants can't read the statement they've used for years. This module bridges that gap — Odoo keeps running operations, GST, and inventory, while the P&L reads like Tally.

The module restructures the profit-and-loss report into Tally's sections — net profit, opening stock, closing stock, income (gross profit, operating income, cost of revenue, other income), and expenses including depreciation — with drill-down on every line, period filters, comparisons, and PDF/XLSX export. Accounts are flagged for Tally-wise line classification, and a closing-stock account is pre-configured at install.

Under the hood, a company-level "Anglo-Saxon Accounting According to Tally" setting changes how COGS journal lines are generated so stock and sales accounting match Tally expectations, and perpetual-inventory defaults for India — automated real-time valuation with average-cost (AVCO) methodology — are wired into the Indian chart of accounts. The result is an end-to-end purchase → receipt → vendor bill → sale → invoice → P&L flow that lands every value on the Tally line your CA expects.

Key features

Tally-style Profit & Loss (India)

Restructures Odoo's P&L into Tally sections — net profit, opening stock, closing stock, income (gross profit, operating income, cost of revenue, other income), and expenses including depreciation — with drill-down on each line, period filters, comparisons, and PDF/XLSX export.
Tally-wise reporting on accounts

Flag any account for Tally-wise P&L line classification. A closing-stock account is pre-configured on installation, so the statement structure works from day one.
Anglo-Saxon accounting according to Tally

A company-level setting aligns COGS journal posting with Tally logic — Odoo skips its default Anglo-Saxon outbound COGS lines and posts the way Indian businesses treat stock and sales costing.
Perpetual-inventory defaults for India

Automated real-time stock valuation with average-cost (AVCO) methodology, plus stock journal and Inventories account mapping configured automatically.
Indian chart-of-accounts alignment

Closing-stock account integration and stock-valuation wiring built into the Indian COA template — no manual account mapping to get Tally-correct numbers.
End-to-end Odoo workflow

Covers the complete purchase → receipt → vendor bill → sales → invoice → P&L chain, with stock valuation entries generated automatically at each step.
GST-ready Indian operations

Works with Odoo's standard Indian localization — GST treatment, place of supply, INR default, and GSTIN/PAN support carry through unchanged.

Technical details

Specification

Publisher: TechUltra Solutions Private Limited
Technical name: tus_tally_account
Odoo versions: 18.0 (Enterprise)
Lines of code: 252
License: Odoo Proprietary License v1.0 (OPL-1)
Price: $98.99 (one-time)

Deployment

Odoo Online
Odoo.sh
On-premise

Odoo dependencies

Invoicing (account)
Accounting (accountant)
Discuss (mail)
Sign (sign)
Inventory (stock)

Support

90 days of bug-fix support plus 5 hours of free configuration help (additional hours billable), Monday to Friday (10:00–19:00 IST). Raise a ticket at support@techultra.in.

Setup & configuration

From install to first call — here is the path.

1

Enable Automatic Accounting

In Settings, search for "Automatic Accounting" and enable it — this lets the module identify the closing-stock account automatically.
2

Turn on Anglo-Saxon According to Tally

Enable standard Anglo-Saxon Accounting, then the "Anglo-Saxon Accounting According to Tally" company setting. Together they align Odoo's posting engine with Tally methodology.
3

Configure product categories

Set Inventory Valuation to Automated (Real-Time) and Costing Method to Average Cost (AVCO) on the product categories you trade.
4

Assign products and run the flow

Put products in the configured categories, then run a normal purchase → receipt → bill → sale → invoice cycle. Stock-valuation journal entries post automatically and every value lands on its Tally P&L line.

Frequently asked questions

Does this module replace Tally ERP?

No. It brings Tally-style reporting and stock-accounting behaviour into Odoo, so the finance team sees the familiar P&L lines while the business runs operations, GST, inventory, and audit trail in Odoo 18.
What does "Anglo-Saxon Accounting according to Tally" mean?

With the setting enabled (alongside Odoo's standard Anglo-Saxon accounting), Odoo skips its default outbound COGS lines and follows Tally-aligned posting instead — matching how most Indian businesses treat stock and sales costing.
How are opening and closing stock calculated?

The module uses Indian closing-stock tagging plus accounts flagged for Tally-wise reporting. Opening stock is taken at the period start and closing stock from the beginning of books, presented in the same P&L structure Tally uses.
Is GST filing included?

GST fields come from Odoo's standard Indian localization. This module focuses on the Tally-style P&L and stock accounting — it does not replace GSTR filing tools, which remain separate apps.
Which Odoo editions and versions are supported?

Odoo 18.0 Enterprise, deployable on Odoo Online, Odoo.sh, or on-premise. The module depends on Invoicing, Accounting, Discuss, Sign, and Inventory.
What support is included with the $98.99 purchase?

90 days of bug-fix support and 5 hours of free configuration assistance (additional hours billable), available Monday to Friday, 10:00–19:00 IST via support@techultra.in.