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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 […]
While computing the profit and gains from business or profession, there are certain expenditures that are disallowed. So we should not allow the benefit of such expenditures.#odoo15accounting Disallowed expenses are those expenses that cannot be deducted in the fiscal result but can be deducted in your bookkeeping result. So you can get the fiscal results […]
Deferred expenses and prepayments (also known as prepaid expenses), are both costs that have already occurred for unconsumed products or services yet to receive. 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. The company cannot […]
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 […]
Odoo14 brings up a new feature in the Accounting module ie. Disallowed Expenses. Disallowed expenses are those expenses that cannot be deducted in the fiscal result but can be deducted in your bookkeeping result. So you can get the fiscal results in real-time by setting disallowed expense categories and obtaining periodic changes. First of all, […]
