Choosing to use the multi-currency option in Odoo will allow you to send sales invoices, quotes, and purchase orders or receive bills and payments in currencies other than your own. Users can configure multiple currencies for the transaction, set its exchange rate, and assign different currencies for individual partners and charts of accounts, run reports […]
Managing budgets is an essential part of running a business. Budgets help people become more intentional with the way money is spent and direct people to organize and prioritize their work to meet financial goals. They allow you to plan your desired financial outcome and then measure your actual performance against the plan. Odoo manages […]
Odoo14 brings up a new feature in the Accounting module ie. Disallowed Expenses. Disallowed expenses are those expenses that cannot be deducted in the fiscal result but can be deducted in your bookkeeping result. So you can get the fiscal results in real-time by setting disallowed expense categories and obtaining periodic changes. First of all, […]
Odoo Finance & Accounting is considered as the #1 open source software of its kind. From basic journal entry creation to budget management, analytic accounting to advanced business intelligence reports; Odoo Finance and accounting turns out to be the highly productive solution. It acts as a self-reliant and independent management module to cater to the […]
This video is to show How to set up Odoo accounting and how to import opening balances into the new fiscal year. Here we have explained the basis of an actual company’s closed balance sheet. At the year-end, we will have to transfer the closing amount from the balance sheet into the current year as […]
This video is to show How to setup opening balances in Odoo 13. At the year-end, we will have to transfer the closing balance of the current year as an opening balance to the new financial year. In odoo we used a journal and journal entries for setting opening balance. 0:00 Introduction 0:23 Create opening […]
Video Contents: 00:00 Introduction 01:19 Accounting module overview 02:22 Customers in the accounting module 03:36 Create payable and receivable accounts 06:42 Set payable and receivable accounts 07:47 Create invoice/bills for customers 09:15 Reporting in Accounting module Account receivable and payable is one of the indispensable accounts in a business. When we track these accounts, we […]
Once the proper creation or import of bank statements is done, then we need to reconcile the bank statement records and ensure that the entries are balanced. Reconciliation process can be made much easier and faster with the help of reconciliation models. We can configure the reconciliation models in accounting – configuration – reconciliation models […]
An asset category is the asset type which is having similar attributes. In Odoo 13 we may not find an option of asset category rather asset model. In Odoo 12 it was an asset category whereas in Odoo 13 accounting it is labeled as an asset model. We can create asset models to make our […]
In this video, we are going to describe “How to create a company in odoo13 We can create companies from settings — users & company — Companies — Create. Provide basic details like Address, Email, Logo, Parent company details, etc… of the company under the General Information Tab. The dropdown menu gives all the allowed […]