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 […]
A fiscal year, is a financial reporting period used by businesses, organizations, and governments to track and report their financial performance. #fiscalyear #odooaccounting Video Chapters: 00:00 – Introduction 01:06 – Create Fiscal Year 03:42 – Opening Balance 04:30 – Invoice and Bill Creation, Reconcilation 07:43 – Balance Sheet 09:24 – Retained Earning 11:48 – Lock […]
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 […]
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 […]
A business will be dealing with a lot of transactions every day. The amount collected from the customer using the invoice is paid. However, the accounts wing of the business may not be able to enter all transaction details and amounts in the bank account the moment the transaction takes place. #odooaccounting Usually, the account statements are […]
This video explains the refund in the odoo 16 accounting module. Odoo makes it easy to return the products and goods which are already sold, thus keeping your customers closer. #odoo16 Video Chapters 00:00 Introduction 01:06 Create a Purchase order 02:29 Create Bill 04:01 Credit Note 05:01 Refunds #odooaccounting #odoofunctionalvideos The product return is the […]
This video explains the accounting dashboard in the Odoo 16 accounting module. #odooaccounting #odoo16 The Odoo platform provides the user with an efficient and reliable accounting dashboard to deal with the accounting aspects of the company. The user can create invoices, vendor bills, other miscellaneous operations, and bank operations from this dashboard. #odoodashboard Connect With Us: ————————————— […]
