Odoo handles deferred revenue, also known as unearned revenue, which is money received from customers upfront for goods or services that haven’t been delivered yet. Since the company still owes the customer those products or services, this advance payment is considered a liability. Here’s a breakdown of deferred revenue in Odoo: Concept: Deferred revenue is […]
Accurate Tracking: Odoo allows you to record income and expenses in their original foreign currency, providing a clear picture of your financial activity in different countries. This simplifies reconciliation and gives you a more accurate understanding of your profitability in each region. Efficient Management: Odoo simplifies managing international transactions by automatically calculating exchange rates and […]
