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Tax adjustments are transactions that are entered to adjust the payable taxes to arrive at the correct tax liability that needs to be paid to the tax agency. #odoo15accounting In Odoo 15 Accounting we can manually do the tax adjustment. Go to Accounting – Actions – Tax adjustments #odoo15enterprise Connect With Us: ———————— ➡️Website: ➡️Email: […]
Importing your bank statements in Odoo Accounting allows you to keep track of the financial movements that occur in your bank accounts and reconcile them with the transactions recorded in your accounting. #odoo15accounting We recommend you use bank synchronization for more efficiency. Please read the related documentation: Bank Synchronization: Automatic Import. However, if you don’t […]
When you have to transfer an amount from one account to another account over a fixed period of time, you can make use of the Automatic Transfers feature provided by the Odoo 15 Accounting module. By selecting the Automatic Transfer option from the Accounting tab, you can view the list of existing automatic transfers. #odoo15accounting […]
Analytic accounting is used by companies for the purpose of analyzing the costs of the business, analyzing the performance of a project, and re-invoice time to a customer. #odoo15accounting They can be used to analyze that the funds of the company are spent properly and retained. Odoo’s analytic accounts and tags do not interfere with […]
This video explains the payment flow in Odoo 15 accounting #odoo15accounting From version 14 onwards payments are registered by default on outstanding accounts both in the case of customer invoices and vendor bills. Odoo has added new payment transfer accounts for outstanding payments and outstanding receipts. Invoices or refunds can be posted on outstanding receipts, […]
This video explains to you how the Odoo platform will help you manage the continental and Anglo-Saxon accounting operations. #odoo15accounting Video Content: 00:00 – Introduction to Accounting modes in Odoo 01:19 – Anglo Saxon Accounting 12:30 – Continental Accounting There are mainly two types of accounting practices that are widely adopted across the globe. Everyone […]
Deferred expenses and prepayments (also known as prepaid expenses), are both costs that have already occurred for unconsumed products or services yet to receive. Such costs are assets for the company that pays them since it already paid for products and services still to receive or that are yet to be used. The company cannot […]
Choosing to use the multi-currency option in Odoo will allow you to send sales invoices, quotes, and purchase orders or receive bills and payments in currencies other than your own. Users can configure multiple currencies for the transaction, set its exchange rate, and assign different currencies for individual partners and charts of accounts, run reports […]
Choosing to use the multi-currency option in Odoo will allow you to send sales invoices, quotes, and purchase orders or receive bills and payments in currencies other than your own. Users can configure multiple currencies for the transaction, set its exchange rate, and assign different currencies for individual partners and charts of accounts, run reports […]
In most cases, the fiscal years last 12 months. If it is your case, you just have to define what is the last day of your fiscal year in the accounting setting. By default, it is set for 31st December. However, there might be some exceptions. For example, if it is the first fiscal year […]
