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 […]
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 […]
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 […]
Storno Accounting is a newly introduced accounting feature in Odoo. In this method of accounting, it will use negative credit or debit amounts recorded in your account to reverse the original journal entries. #odoo16 With the assistance of this practice, it is possible to cancel a file having incorrect accounting information related to the recorded […]
One important feature of Odoo’s accounting module is the ability to handle tax calculation and management. #odooaccounting Odoo allows businesses to set up their tax structure based on whether the taxes are included in the price or excluded from the price. There are several business cases for using tax included and tax excluded in Odoo: […]
