Approvals are frequently related to workflows and business processes in Odoo, wherein authorization is needed for specific actions or transactions to be accomplished. Workflows in Odoo specify which parties have the power to accept or reject documents and data, as well as how they go through the various stages. Approval procedures may be set up […]
A down payment / prepayment is a partial payment made upfront as part of the total amount due for a product or service. It is a common practice in various industries and transactions. In Odoo, handling prepayments typically involves creating a prepayment invoice or using the advance payment feature. #odootutorials #odoo17 Connect With Us: ————————————— […]
Budget Management is crucial for any corporate organization. By comparing the amount we actually spent and the expected expenditure, we may use the budget to evaluate the performance of our business. #odoo16 #odooaccounting #odoofunctionalvideos Video Chapters 00:00 – Introduction 00:51 – Enable budget management and analytic account 01:39 – Configure Budget Budgets frequently give you […]
Salary attachment, also known as wage garnishment or wage attachment, refers to a legal process in which a portion of an individual’s earnings (salary, wages, or income) is withheld by their employer and paid directly to a creditor or government agency to satisfy a debt or financial obligation. Video Chapters 00:35 – Introduction 00:36 – […]
Expense management can be trickier in any business organization since it may be done at various stages of operation and does not have a proper systematic channel to be performed on. #odoo16 #odoofunctionalvideos Expense management gets tricky when the reimbursement of expenses by the employees comes into play. Considering the maintenance department of a company would […]
Financial balance is regarded as the backbone of an organization. When a firm deals with sales or purchases, practical accounting is required. As a result, customers can make a variety of payments. #odooaccounting Customers can pay the billed amount in cash or via bank transfer. Dealing with cheques is not as simple as dealing with […]
It often happens that your employees have to spend their personal money while working on a project for your client. #odoo #odooproject Let’s take the example of a consultant paying for a hotel to work on the site of your client. As a company, you would like to be able to invoice that expense to […]
In #Odoo, “unrealized currency” refers to the potential gain or loss that arises from changes in the exchange rate between two currencies before a transaction is settled or realized. Video Chapters 00:00 – What is Unrealized Currency Gain/loss 00:49 – How to Configure Currency 01:44 – How to Configure Automatic Currency Rate 04:20 – How […]
Deferred expenses and prepayments (also known as prepaid expenses), 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 […]
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 […]
