Digital Agency Website
Digital Agency Website
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 […]
In Odoo accounting, deferred expenses, also known as prepaid expenses, represent costs your company has already paid for but hasn’t consumed the benefits of yet. These are recorded as assets on the balance sheet until they are gradually recognized as expenses over the periods they benefit. Here’s a breakdown of how it works: Concept: A […]
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 […]
