Margin and cost are important in a point-of-sale (POS) system, as they directly impact your business’s profitability. Here’s a breakdown of these terms and how they function in POS: Margin: This refers to the difference between a product’s selling price and its cost price, typically expressed as a percentage. It essentially represents the profit you […]
Odoo 17 allows you to include default terms and conditions (T&C) on your invoices, sales orders, and quotations. This helps establish clear expectations with customers regarding important aspects like payments, returns, warranties, and after-sale services. Enabling Default T&C The functionality needs to be activated first. Navigate to Accounting — Configuration — Settings. Under Customer Invoices, […]
GST R1 refers to the Goods and Services Tax Return 1 in the context of the Indian taxation system. GST R1 is a monthly or quarterly return that needs to be filed by registered businesses to provide details of their outward supplies of goods and services. It contains information about sales, the amount of GST collected […]
Odoo Finance & Accounting is considered as the #1 open source software of its kind. From basic journal entry creation to budget management, analytic accounting to advanced business intelligence reports; Odoo Finance and accounting turns out to be the highly productive solution. It acts as a self-reliant and independent management module to cater to the […]
