CBMS ODOO ERP CONSULTING AGENCY
Digital Agency Consulting and Training Website
CBMS ODOO ERP CONSULTING AGENCY
Digital Agency Consulting and Training Website
![Odoo Quick Tips – Compare periods in reports [Accounting] – CBMS Odoo ERP](https://home.mycbms.com/wp-content/uploads/2024/10/cbodoo-447x367.jpg "Odoo Quick Tips – Compare periods in reports [Accounting] – CBMS Odoo ERP")
Odoo Accounting is your free Cloud Accounting Software. “Your Accounting done right”. It’s free, open-source, fun, and full of great features! Try it now! Master Odoo and all its features with this series of Quick Tips! ‣ Learn more about Odoo Accounting: ‣ Learn how to use Odoo: ‣ Schedule a demo: #Odoo #Quick #Tips #Compare #periods […]
At the year-end, we will have to transfer the closing balance of the current year as an opening balance to the new financial year. In odoo 16 we used a journal and journal entries for setting the opening balance. First, create an equity account for opening balance and a journal entry to bring account balances […]
Deferred expenses and prepayments (also known as prepaid expense), are both costs that have already occurred for unconsumed products or services yet to receive. #odooaccounting 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. #odoo16 The company cannot report them on the […]
Multiple companies are set up in an organization using a centralized management system. Overall management process becomes easy by balancing the company data. #odooaccounting The initial setting of a firm is vital to maintain all accounting transactions. Using ERP software, we can smoothen the workflow of business transactions. #odooenterprise Odoo 16 Accounting module ensures users […]
For any accountant, an important task is to match the batch payment with the bank statement. As different payment methods are used for making the batch payment the accounts wing has to take extra effort to coordinate different payment methods and link payment with the bank statement. #odooaccounting With Odoo support, a user can easily […]
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 16 Accounting module. By selecting the Automatic Transfer option from the Accounting tab, you can view the list of existing automatic transfers. The […]
Odoo stands out for its versatility and easy customization. As one of the easiest ERP software to work with, Odoo has satisfied many customers with impressive modules like CRM and Manufacturing. #odoo16 #odooaccounting #odoofunctionalvideos Working with any ERP software, you must be familiar with the need for multi-access and multi-management of the database. As integrated software that […]
A business will be dealing with a lot of transactions every day. The amount collected from the customer using the invoice is paid. However, the accounts wing of the business may not be able to enter all transaction details and amounts in the bank account the moment the transaction takes place. #odooaccounting Usually, the account statements are […]
This video explains the refund in the odoo 16 accounting module. Odoo makes it easy to return the products and goods which are already sold, thus keeping your customers closer. #odoo16 Video Chapters 00:00 Introduction 01:06 Create a Purchase order 02:29 Create Bill 04:01 Credit Note 05:01 Refunds #odooaccounting #odoofunctionalvideos The product return is the […]
Configuring Cash Basis in Odoo 16 Accounting involves setting up the accounting settings to track income and expenses based on cash flow rather than accruals. Here is a brief description of the steps involved: 1. Navigate in the Accounting module in Odoo 16 go to the Configuration settings 2. Under the Accounting tab, select the […]