Deferred expenses and prepayments (also known as a prepaid expense), 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 […]
Upon setting cash control, the options end of the session and open a session is made available or displayed. It simply denotes that upon enabling the setting, we get to see a new stage and a button-open session in the stage. Upon starting the new session, the session will be in progress and we can […]
Loyalty programs are one of the most sought business techniques by retailers today. It includes giving off certain rewards and other attractive discount offers to their loyal customers. The central idea is to retain the customers and make them indulge in impulsive purchases. The operations are just basic once the programs are defined with the […]
This video explains how to generate sales details in Odoo 14 POS. All you need to do is go to the reporting tab under Odoo POS and select the option – sales details. Upon clicking you are navigated to a new window where you can add the start date and the end date for sales […]
Bill splitting is useful in Bar/Restaurant. Customers can split their bills using this option. Offering an easy bill splitting solution to your customers will leave them with a positive experience. That’s why this feature is available out-of-the-box in the Odoo Point of Sale application. To activate the Bill Splitting feature, go to Point of Sales […]
It is essential for your business to collect payments when they are overdue. Odoo will help you identify payments that are late and will allow you to send the appropriate reminders. Normally almost all the customers will pay at the right time. Still, there are customers who keep delaying or due payment. In such cases, […]
Odoo 14 brings up a new report related to the Currencies ie. Unrealized Currencies gains/losses Report. 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. This report displays the amount separately in four columns: 1. Balance in a […]
Odoo inventory management is a resourceful module that can be utilized by any business organization irrespective of its size. It is designed in such a flexible manner. Odoo inventory is fully integrated with other applications, such as Purchase, Sales, or Inventory. But is not limited to those processes, it is also fully integrated with our […]
Odoo Accounting Journal Entries: An accounting journal is a record of transaction exchanges requested by date, these transactions are recorded in the name of journal entries. Each journal entry shows account names and their credits and debit values. In Odoo we can create different types of journals. Sales, Purchase, cash, Bank, and miscellaneous are the […]
Choosing to use the multi-currency option in Odoo will allow you to send sales invoices, quotes, and purchase orders or receive bills and payments in currencies other than your own. Users can configure multiple currencies for the transaction, set its exchange rate, and assign different currencies for individual partners and charts of accounts, run reports […]