Lebanese Accounting System in Odoo

Odoo Gold Partner · Lebanese localization

Azkatech sets up Odoo with the Lebanese chart of accounts and LBP and USD reporting, so your finance team works in one system that already follows Lebanese rules.

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Lebanese Chart of Accounts

The Lebanese Chart of Accounts (Plan Comptable Général Libanais) is the standardized account structure mandated for businesses operating in Lebanon, based on the French PCG model. It organizes accounts into seven classes covering equity, fixed assets, liabilities, revenues, and expenses, and must be maintained in both LBP and foreign currencies simultaneously.

Azkatech pre-configures the full Lebanese Chart of Accounts inside Odoo, including account hierarchies, tax mapping, and MoF-compliant account coding. Businesses start with a ready-to-use structure that satisfies Lebanese regulatory requirements and IFRS standards from day one.

Lebanese_Accounting_System

Why Azkatech’s Localization Stands Out

Accounting in Lebanon is governed by the Ministry of Finance, aligned with LACPA standards, and subject to IFRS requirements, all while operating across Lebanese pounds and foreign currencies in a volatile economic environment. Azkatech has built a complete Lebanese accounting system on top of Odoo ERP that addresses this complexity directly. From the Lebanese Chart of Accounts to multi-rate currency handling, split VAT logic, and mandatory MoF reporting, every requirement is pre-configured and ready to use. No customization from scratch, no compliance gaps.

Lebanese Accounting Features in Odoo

Multi-Exchange Rate Handling

Apply official, bank, Sayrafa rates per transaction type.

Split VAT Payment Logic

Separate USD invoices from LBP VAT and generate per-currency partner statements.

Postdated Check Management

Manage check lifecycle with temporary accounts and automated reconciliation.

Top 10 Reporting Compliance

Auto-generate MoF-compliant reports of top customers and suppliers.

Partner Role Separation

Assign distinct accounts for the same partner acting as customer, supplier, or asset vendor.

Quarterly VAT Automation

Auto-calculate VAT due, generate draft journal vouchers, and streamline declarations.

Multi-Currency Journal Entries

Track entries in LBP and foreign currencies with counter values and rate-specific logs.

Triple-Currency Financial Reporting

Generate P&L, balance sheets, and cash flow in up to three currencies.

Lebanese tax rules require businesses to produce a specific set of legal and management reports for MoF submission and audit readiness. Azkatech’s Odoo localization generates all required reports natively, in up to three currencies

Legal & Management Reporting
Profit & Loss
General Ledger
VAT and Tax Reports
Aged Receivable/Payable
Cash Flow Statement
Balance Sheet
Consolidated Journals
Trial Balance

Built-In Odoo Features Enhanced by Azkatech

Pre-configured Lebanese Setup

Local CoA, VAT logic, MoF reports

Multi-Company Management

Consolidated financials and inter-company rules

AI & Mobile Enabled

Access anytime with automation and digitization

Integrated Operations

Fully linked with Sales, Purchase, HR, Projects, Payroll, etc.

Analytic Accounting

Supports hierarchies, multiple plans, and cost centers

User Role Flexibility

Control access by department, user level, or reporting needs

See It Working in a Live Demo

Book a session with our team and see the chart of accounts, VAT and multi-currency reports working on real examples. Designed to simplify complex requirements, our system ensures accurate, fast, and insightful financial operations.

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    Modern Accounting Experience

    Clean, Intuitive UI

    Based on Google’s Material Design for ease of use

    Smart Automation

    AI-driven invoice generation and OCR-powered bill digitization

    Customer Engagement Tools

    Aged receivables, follow-ups, and self-service customer portal

    Supplier & Payment Visibility

    Forecasts, PO-to-bill tracking, and digital invoice management

    Frequently Asked Questions

    For most growing Lebanese companies, it is an ERP that handles LBP and USD properly and follows Ministry of Finance rules. Azkatech sets up Odoo with the Lebanese chart of accounts, VAT and MoF reports already in place, so your books work together with sales, stock and payroll.

    Yes. Azkatech pre-configures the full Lebanese chart of accounts (Plan Comptable Général Libanais) in Odoo, with accounts kept in LBP and foreign currencies.

    Yes. Odoo runs USD and LBP in the same company, uses the rate you set for each date and records exchange gains and losses on its own. Reports can be shown in up to three currencies.

    Yes. It calculates VAT due each quarter, prepares the draft entries and separates LBP VAT on USD invoices, so the VAT return is ready for your accountant.

    Yes. Payroll runs in the same Odoo database, with NSSF contributions and LBP and USD salaries. See our Lebanese payroll system.

    Yes, through Azkatech’s Fiscal Stamping app on the Odoo App Store, which adds the stamp amount to invoices.