Accounting Payment flow Odoo 15 | Odoo 15 Accounting | Odoo 15 Enterprise Edition – CBMS Odoo ERP

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, […]

How to Manage Withholding Taxes in Odoo 15 | Odoo 15 Accounting | Odoo 15 Enterprise Edition – CBMS Odoo ERP

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 […]

Odoo 15 Anglo Saxon and Continental Accounting | Odoo 15 Accounting | Odoo 15 Enterprise Edition – CBMS Odoo ERP

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 […]

Disallowed Expenses in Odoo 15 | Odoo 15 Accounting | Odoo 15 Enterprise Edition – CBMS Odoo ERP

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 […]

How to Manage Deferred Revenue in Odoo 15 | Odoo 15 Accounting | Odoo 15 Enterprise Edition – CBMS Odoo ERP

Deferred revenues, or unearned revenue, are payments made in advance by customers for products yet to deliver or services yet to render. #odoo15videos Such payments are a liability 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 and Loss […]

Budget Management in Odoo 15 Accounting | Odoo 15 Enterprise Edition – CBMS Odoo ERP

Managing budgets is an essential part of running a business. Budgets help people become more intentional with the way money is spent and direct people to organize and prioritize their work to meet financial goals. #odooaccounting They allow you to plan your desired financial outcome and then measure your actual performance against the plan. Odoo […]

Odoo 15 Incoterms | What Is Odoo Incoterms | Odoo 15 Accounting | Odoo 15 Enterprise Edition – CBMS Odoo ERP

Incoterms stands for International commercial terms. Fifteen terms of sale accepted worldwide in an assignment of costs and responsibilities between buyer and seller. #odooincoterms Basically, Incoterms are trade terms published by the International chamber of commerce(ICC), and that is commonly used in both international and domestic trade contracts. #odoo15accounting Incoterms are basically intended to convey […]