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 […]
For businesses that deal with cash transactions, it is essential to have a consistent and fair rounding practice. This ensures that pricing is clear and understandable, which can positively impact customer trust and repeat business. In today’s video, we will explore what cash rounding is, how it works in Odoo 17, and how you can […]
Odoo Point of Sale (POS) has a built-in feature for cash rounding to streamline transactions and reduce the need for exact change. Here’s how it works: What is Cash Rounding? Cash rounding rounds the total bill amount of a sale to the nearest denomination (e.g., nearest five cents, ten cents) suitable for cash payments. This […]
An e-wallet, or electronic wallet, is a digital version of a physical wallet that allows individuals to store and manage their financial information, such as credit or debit card details, bank account information, and even digital currency. E-wallets enable users to make electronic transactions, both online and offline, securely and conveniently. #odoo17 #odoofunctionalvideos #odootutorials Connect […]
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 […]
When the cashbox opens and closes, cash control enables you to verify its contents. As a result, you may be certain that no mistakes were made and no money was lost. #odoo16pos How to set up and use cash control with Odoo 16 POS is covered in this video. #odoo16 #odoofunctionalvideos #odootutorials Connect With Us: […]
Learn everything you need to grow your business with Odoo, the best open-source management software to run a company, at In this video, learn how to set up your pos to round up your cash automatically for you. Need more information about Odoo apps? Discover Odoo, schedule a demo, or start your own Odoo revolution […]
Cash control allows you to check the amount of the cashbox at the opening and closing. You can thus make sure no error has been made and that no cash is missing. #odoo15pos This video explains how to set up and perform cash control in Odoo 15 POS. Connect With Us: ———————— ➡️Website: ➡️Email: info@cybrosys.com […]
The cash in Cash out option is available when we enable the ‘Cash control’ feature in pos settings. The cash in/out is also referred to as put money in and take money out. #odoo15pos The put money in is the cash in and is primarily used to put money manually before starting your transfer from […]
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 […]