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Tag: Odoo Accounting Setup

How to Create Opening Balance in Odoo 18 | Odoo 18 Accounting Tutorials | Odoo 18 Tutorials – CBMS Odoo ERP
Odoo 18

How to Create Opening Balance in Odoo 18 | Odoo 18 Accounting Tutorials | Odoo 18 Tutorials – CBMS Odoo ERP

Establishing accurate opening balances is crucial when setting up your accounting records in Odoo 18, as they reflect your company’s financial position at the start of a fiscal period. Here’s how you can manage opening balances in Odoo 18: 1. Using the Chart of Accounts: Odoo 18 allows you to input opening balances directly through […]

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How to Create Automatic Transfers in Odoo Accounting | Odoo 18 Accounting Tutorials | Odoo 18 Videos – CBMS Odoo ERP
Odoo 18

How to Create Automatic Transfers in Odoo Accounting | Odoo 18 Accounting Tutorials | Odoo 18 Videos – CBMS Odoo ERP

Automatic transfers in Odoo Accounting can be used for various purposes, such as: Inter-company transactions (when dealing with multiple companies in Odoo) Currency revaluation (adjusting accounts based on exchange rates) Accrual accounting (recognizing revenue/expenses in the correct period) Bank statement reconciliation (moving funds between accounts automatically) 🔹 How to Set Up Automatic Transfers in Odoo […]

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How to Configure Taxes in Company Currency in Odoo 18 Accounting | Odoo 18 Accounting Tutorials – CBMS Odoo ERP
Odoo 18

How to Configure Taxes in Company Currency in Odoo 18 Accounting | Odoo 18 Accounting Tutorials – CBMS Odoo ERP

Taxes in Company Currency in Odoo Odoo, a powerful open-source ERP, offers a feature to display taxes on invoices in the company’s currency, even when the invoice is created in a different currency. This can be particularly useful for businesses operating in multiple currencies or for regulatory compliance in certain regions. How to Enable Taxes […]

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How to Manage Different Customer Addresses in Odoo 18 Accounting | Invoice & Delivery Addresses – CBMS Odoo ERP
Odoo 18

How to Manage Different Customer Addresses in Odoo 18 Accounting | Invoice & Delivery Addresses – CBMS Odoo ERP

Odoo allows you to manage different customer addresses and delivery addresses in Odoo 18 accounting for the following reasons: 1. Flexibility and Efficiency: Multiple Locations: Businesses often have customers with multiple locations, such as offices, warehouses, and home addresses. This feature allows you to associate different addresses with each customer, streamlining the process of creating […]

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How to Configure Cash Basis in Odoo 17 Accounting | Odoo 17 Accounting Tutorials | Odoo 17 Tutorials – CBMS Odoo ERP
Odoo 17

How to Configure Cash Basis in Odoo 17 Accounting | Odoo 17 Accounting Tutorials | Odoo 17 Tutorials – CBMS Odoo ERP

Cash basis accounting is a method of recording revenue and expenses only when cash is received or paid out. This means that transactions are recognized based on their actual cash flow, rather than when they are earned or incurred.   Key points about cash basis accounting: – Revenue Recognition: Revenue is only recorded when cash […]

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