GST R1 refers to the Goods and Services Tax Return 1 in the context of the Indian taxation system. GST R1 is a monthly or quarterly return that needs to be filed by registered businesses to provide details of their outward supplies of goods and services. It contains information about sales, the amount of GST collected […]
Deferred expenses in #odoo13, are payments made in advance by our company for our service products for insurance or home rent, etc . yet to render. Such payments are assets for the company that receives them since it still owes its customers these products or services. The company cannot report them on the current Profit […]
The approval module of the new Odoo version 14 is an efficient management tool for the operation of seeking permission and grinding one in a company operating for the employees. This brings out a systematic mode of approach in the operation of approvals requested by the employees well as the approvals given by the managers. […]
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. With multi-currency, you can also set up bank accounts in other currencies and run reports on your foreign currency activities. #odoo14 #odoo #odoo14community #managecurrencyinodoo #odooerp […]
Notes are an important aspect of a company’s operations as these would be used to describe, store and pass on important information aspects of the company operations. The Odoo platforms notes module helps the users to create and manage all the notes and their operations. In addition, as the aspects operate digitally there is zero […]
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 […]
A credit note, or credit memo, is a document issued to a customer that notifies them that they have been credited a certain amount. There are several reasons that can lead to a credit note, such as: – mistake in the invoice – return of the goods, or a rejection of the services – the […]
Default taxes and accounts are set on products and customers to create new transactions on the fly. However, you might have to use different taxes and record the transactions on different accounts, according to your customers’ and providers’ localizations and business types. Fiscal Positions allow you to create sets of rules to automatically adapt the […]
A Debit Note is required to be issued when purchased goods are returned or if a revision is needed in the created bill due to goods/services not being up to the mark ie. bad quality of goods are delivered or when the value of invoice increases due to extra goods being delivered. It provides details […]
Odoo gives you solutions for all types of business communication platforms and business models. The assistance for the subscription model of business is an example. Most often, a business venture depends on a subscription option when a customer is directed to pay a certain amount as a subscription price. This amount is charged in order […]
