A cash payment that occurs at the beginning of a purchase transaction is a down payment. It allows customers to produce purchase payments for short or long-term periods. One of the benefits of a down payment is the lower interest rate available for customers. Most companies added down payments for wholesale or retail operations and […]
International Commercial Terms or Incoterms describes the duties of buyers and sellers with a set of 11 internationally sanctioned rules. Incoterms define the customs, logistical activities, insurance, person who manage the shipment, and more. It is a part of the export contract and corresponds to international goods sales. The rules inside Incoterms guide an individual’s […]
Most businesses boost with different promotional activities nowadays. One of the most straightforward business strategies is formulating sales coupon programs to attract customers toward products. A code used for one time and provides discounts for customers is a sales coupon. The promotion and coupons enrich the sales of entrepreneurship and enhance customer satisfaction. In this […]
The operations in retail, as well as the wholesale operations of the company, is physically a fast-moving environment. There would be numerous customers coming in and the employees should be made capable with tools to easily take their orders, obtain the amount, and deliver the product. Most of the operation contains only a fraction of […]
The payment of invoices is often the hardest process for most companies. Few customers in a firm should do a lengthy and unreliable accounting process, and they take a long time for payment. By running follow-ups for payment weekly, ensure to reconcile all bank statements. So, there will not be necessary to send an email/letter […]
System parameters in Odoo 16 serve as a fundamental tool for storing and managing various configuration settings within your Odoo instance. These settings can significantly impact your business processes and system behavior. In this guide, we’ll explore how to create and utilize system parameters in Odoo 16. Understanding System Parameters in Odoo In Odoo, system […]
Payment Terms are necessary information that must be included in the invoice to notify the customers when making the payment. Payment terms often allow Customers to plan their Payments easily and proceed with the purchases accordingly. At the same time, it will ensure you preserve proper cash flow in the business without clutters or payment […]
E-commerce is a sales platform for gaining popularity in the marketing world. This is the online method to reach out to more customers. Odoo provides so many features like building blocks, and we can make our website more attractive using these features. We can design our website with a website configurator, beautiful gradients, etc. Odoo […]
POS is an integral part of modern retail businesses such as supermarkets, pharmacies, restaurants, etc. Odoo provides a POS module with advanced features to easily run your business operations. Like all other Odoo ERP modules, this is also integrated with other integrated modules such as Accounting, Inventory, etc. and can perform both online and offline […]
The Odoo Project management module provides a flexible platform for the effective management of all types of projects in an organization. You can totally rely on this module for organizing various operations in a project in a systematic way. This module will give assistance in planning projects, assigning tasks, categorizing into different stages, recording timesheets […]