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Cash basis accounting is a method of recording revenue and expenses only when cash is received or paid out. This means that transactions are recognized based on their actual cash flow, rather than when they are earned or incurred. Key points about cash basis accounting: – Revenue Recognition: Revenue is only recorded when cash […]
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 […]
The cash basis taxes are due when the payment has been done and not at the validation of the invoice (as is the case with standard taxes). #odoo15accounting Reporting your income and expenses to the administration based on the cash basis method is legal in some countries and under some conditions. #Odoo15enterprise Example: You sell […]
The cash basis taxes are due when the payment has been done and not at the validation of the invoice (as is the case with standard taxes). Reporting your income and expenses to the administration based on the cash basis method is legal in some countries and under some conditions. #odoo #odoo14 #odootaxes #Manage #Cash […]
