Analytic accounting helps you track costs and revenues, as well as analyze the profitability of a project or service. When creating your journal entries, the analytic widget allows the distribution of costs in one or more analytic accounts. Analytic accounts The analytic accounts give an overview of your costs and revenue. Access your existing analytic […]
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 […]
Tax is a financial obligation imposed by a government on individuals, businesses, and other entities to fund public expenditures and services. #odoo16 #odooaccounting Video Chapters 00:00 – What is Tax? 00:30 – How to Configure Tax? 03:31 – Group of Tax 04:19 – Fixed Tax 04:34 – Percentage of Tax 05:52 – Python Code 05:58 […]
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 […]
This video guide you, to create and configure contact tags, contact title, industries, country, and fed.state, country group,banks, and bank accounts. #odoo16 #odootutorials Video Chapters: 00:00 – Introduction 00:34 – How to create contact tags, contact title, industries, country, fed.state,country group, banks and bank accounts. 05:03 – How to configure contact tags, contact title, industries,country,fed.state […]
As parent companies grow, there are quite many acquisitions, mergers, and investments made. Maintaining the accounts of all these is quite important. As important as this, is the reviewing of the accounts of the acquired companies and the invested companies. Video Chapters 00:00 – What’s a Consolidation? 00:59 – How to Configure Multiple Companies? 01:23 – How […]
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 […]
Each country contains its own fiscal positions for tax configuration. Users from any country can manage the transactions with the localization feature in the fiscal position. Odoo 16 Accounting module ensures you configure accounts, customers, taxes, vendors, currencies, and more as per your company needs. Several types of taxes are managed easily using the fiscal […]
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 […]
When you have to transfer an amount from one account to another account over a fixed period of time, you can make use of the Automatic Transfers feature provided by the Odoo 16 Accounting module. By selecting the Automatic Transfer option from the Accounting tab, you can view the list of existing automatic transfers. The […]