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A tax report is documentation that calculates the entity’s income earned with the amount of tax payable to the government, government organizations, or to taxpayers. We can easily access the tax report in Odoo from Accounting Module. #odoo15acccounting Once all the transactions involving taxes have been posted for the period you want to report, open […]
The batch payments are the option used by a company to group different payments to ease reconciliation. Batch payments are also useful when depositing checks to the banks. #Odoo15Accounting module you can manage and create batch payments of the customers and vendors. By selecting the Batch Payments option from the Customers tab you can view […]
Odoo 15 has a powerful and easy-to-use reporting framework. Creating new reports (such as a tax report or a balance sheet or income statement with specific groupings and layout ) to suit your needs is now easier than ever. #odoo15videos #odoocustomreport In order to have access to the financial report creation interface, the developer mode […]
Analytic accounting is used by companies for the purpose of analyzing the costs of the business, analyzing the performance of a project, and re-invoice time to a customer. #odoo15accounting They can be used to analyze that the funds of the company are spent properly and retained. Odoo’s analytic accounts and tags do not interfere with […]
This video explains the payment flow in Odoo 15 accounting #odoo15accounting From version 14 onwards payments are registered by default on outstanding accounts both in the case of customer invoices and vendor bills. Odoo has added new payment transfer accounts for outstanding payments and outstanding receipts. Invoices or refunds can be posted on outstanding receipts, […]
This Video Explains the Aged payable and Aged Receivable report in Odoo 15. #odoo15accounting Aged Receivables report shows the sales invoices that were awaiting payment during a selected month and several months prior. #odoo15enterprise Odoo also has an Aged Payable Details report to display information on individual bills, credit notes, and overpayments owed by you, […]
A withholding tax, also called a retention tax, is a government requirement for the payer of a customer invoice to withhold or deduct tax from the payment, and pay that tax to the government. #odoo15accounting In most jurisdictions, withholding tax applies to employment income. #odoo15functionalvideos With normal taxes, the tax is added to the subtotal […]
This video explains to you how the Odoo platform will help you manage the continental and Anglo-Saxon accounting operations. #odoo15accounting Video Content: 00:00 – Introduction to Accounting modes in Odoo 01:19 – Anglo Saxon Accounting 12:30 – Continental Accounting There are mainly two types of accounting practices that are widely adopted across the globe. Everyone […]
Odoo 14 brings up a new report related to the Currencies ie. Unrealized Currencies gains/losses Report. #odoo15accounting This report will display all open amounts on your balance sheet that need to be reevaluated. It is grouped by the currency and their respective accounts.#odoo15videos This report displays the amount separately in four columns: 1. Balance in […]
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 […]
