Ensuring proper equipment management is an integral part of business management. It is often hard to have a complete overview of all of the requirements and machinery in a company. #odoo16 It is essential to manage them and view the equipment individually to ensure maximum efficiency of the pieces of machinery. Keeping your equipment updated […]
The process of monitoring, organizing, and selling a firm’s assets is asset management. Machinery, cars, computers, and other equipment have been invested in a company recently, and these are fixed assets that we plan to use for multiple years. However, as time passes, the value of assets reduces widely. #odoo16 Create in draft: whenever a transaction is […]
This video explains the Product categories of Odoo 16. Product category management helps the business to categorize the products in an effective way. #odoofunctionalvideos This feature is significant for inventory management and business operations. Odoo offers this feature in a refined format. #odoo16 In Odoo 16 inventory product categories can be configured with ease. The categories […]
This video explains the views of the project. Odoo 16 Project module offers various views to evaluate each project. #odoo16 By selecting a particular project from the dashboard, you can see different visibility views for projects. #odoofunctionalvideos It includes Calendar, Kanban, Map, Graph, and list view showing various details of each project, such as Title, […]
This video explains the automatic invoicing in odoo 16. The scheduling of invoices to be issued automatically at a predetermined date and time is known as automated invoicing. This can be set up by business owners using online invoicing packages. On the other hand, one-time invoices can be easily issued manually from mobile devices without […]
This video explains the access rights in the Purchase module of odoo 16. The access rights can be defined for all module categories and applications installed in the database. #odoo16 Video Chapters 00:00 Introduction 00:11 Go to the settings module 00:26 Open user 01:05 Open purchase module 01:13 Enable purchase order approval 01:45 Login as […]
A cash payment that occurs at the beginning of a purchase transaction is a down payment. It allows customers to produce purchase payments for short or long-term periods. #odoo16 One of the benefits of a down payment is the lower interest rate available for customers. Most companies added down payments for wholesale or retail operations […]
When you create or edit an account of which the type is either Current Liabilities or Non-current Liabilities, you can configure it to defer the revenues that are credited on it automatically. #odoo16 You have three choices for the Automate Deferred Revenue field: #odootutorials #odoofunctionalvideos No: this is the default value. Nothing happens. Create in the draft: whenever a transaction is posted […]
At the year-end, we will have to transfer the closing balance of the current year as an opening balance to the new financial year. In odoo 16 we used a journal and journal entries for setting the opening balance. First, create an equity account for opening balance and a journal entry to bring account balances […]
Deferred expenses and prepayments (also known as prepaid expense), are both costs that have already occurred for unconsumed products or services yet to receive. #odooaccounting 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. #odoo16 The company cannot report them on the […]