Odoo Accounting have a built-in feature for group payments. Existing Features: Multiple Invoices: Create multiple invoices for the same customer or vendor. Select the invoice/bill and goto the action button and choose pay. When you try to register payment, enable the feature Group payment Use the “Group payment” feature to merge them into a single invoice. […]
Odoo’s budget management functionality allows you to create financial plans and track how your actual income and expenses compare to those plans. It helps businesses gain control over their finances by: Setting Financial Goals: Define planned amounts for income and expenses for specific periods (months, quarters, years). Categorizing Spending: Create budgetary positions that group related […]
Storno accounting is a method used to reverse accounting entries by using negative numbers. Instead of deleting incorrect entries, Storno Accounting uses negative debits or credits to reverse them. This creates a clear audit trail, allowing you to see both the original and the reversing entries. Reversed amounts are typically displayed in red within reports […]
This video shows how to create and activate purchase receipts in the Accounting module of Odoo17. With a multitude of applications to suit different business requirements, Odoo is a strong and all-inclusive suite of business management software. Accounting is a key module in Odoo 17 that aids companies in effectively managing their financial transactions. Keeping […]
Storno Accounting is a newly introduced accounting feature in Odoo. In this method of accounting, it will use negative credit or debit amounts recorded in your account to reverse the original journal entries. #odoo16 With the assistance of this practice, it is possible to cancel a file having incorrect accounting information related to the recorded […]
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, […]
