In most eCommerce sectors, each product has specific prices and taxes. Most firms negotiate prices with excluded taxes when working in a B2B environment. You can do a product sales order with a cost of excluded taxes if you manage all your prices with taxes excluded. By installing ERP software, management of Tax is excluded […]
The Subscription module in Odoo streamlines recurring billing and subscriber administration so that companies can concentrate on their products, services, and relationships. For a smooth user experience, the platform includes automated contracts, invoicing, payments, and tax administration. Businesses may increase revenue and concentrate on strengthening client interactions by cultivating strong ties with subscribers. The Subscription […]
Storno accounting, also known as reversing entries or reversing accounting entries, is a critical practice within the field of accounting that ensures accurate and transparent financial reporting. It involves the creation of entries that reverse the effects of a previous transaction in the subsequent accounting period. Storno entries are typically made at the beginning of […]
Hiring procedures for companies are increasing nowadays due to the high demand for business requirements. The essential part of a business is managing information related to employees’ databases. Most firms face difficulty in recruiting employees based on their resumes and skills. All the details regarding workers are stored effectively by imparting ERP software. To improve […]
The business raises through marketing, advertisement, and promotion techniques. It is vital to give prominence to the quality and standards of products /services. In the olden days, business competition is less; online startups are trending with several techniques nowadays. It led to promoting the campaigns through online resources to quickly reach a wider audience and […]
Since employees are an organization’s most valuable resource, managing them well contributes to your company’s success. In order to make informed business decisions, employee data must be carefully maintained. Additionally, handling and protecting employee data is a legal requirement for HR, and failing to do so will result in severe consequences. The problem is that […]
Inventory management and the movement of products can be hard to track and manage. The company should have a proper record and set of rules in which the movement of products takes place and should stick with it at all costs. The Odoo platform allows the user to set rules and manage the movement of […]
Managing the in-house operations of the inventory and warehouse may become tiresome for certain companies and their executives due to impractical planning and description of operations. Additionally, this becomes even more catastrophic while the size of the company is large and it has multiple warehouse locations to operate upon. The inventory managers and executives associated […]
Scrap is an unusable material left over after manufacturing a product. The commodity that cannot be maintained, repaired, or passed the quality check will be scrapped by a team, and making it saleable is a Scrap order. Many products could not sell due to some issues, and we need to scrap them for better use. […]
Scrap is something that is a waste. It will neither have a product value of its own, instead, it will have the value of the materials used. Sometimes, we may not be able to sell a product due to some issues. In such situations, we will have to scrap that product. In a manufacturing industry, […]