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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 […]
This video explains how to handle the very specific use case where you need to handle the two prices (tax excluded and included) on the product from within the same company. #odoo15accounting When working with consumers, prices are usually expressed with taxes included in the price (e.g., in most eCommerce). But, when you work in […]
Importing your bank statements in Odoo Accounting allows you to keep track of the financial movements that occur in your bank accounts and reconcile them with the transactions recorded in your accounting. #odoo15accounting We recommend you use bank synchronization for more efficiency. Please read the related documentation: Bank Synchronization: Automatic Import. However, if you don’t […]
This video is to show How to set up opening balances in Odoo 15. #odoo15accounting 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. #odoo15enterprise In Odoo we used a journal and journal entries for setting opening balance. #odoo15 Connect […]
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 15 Accounting module. By selecting the Automatic Transfer option from the Accounting tab, you can view the list of existing automatic transfers. #odoo15accounting […]
The cash basis taxes are due when the payment has been done and not at the validation of the invoice (as is the case with standard taxes). #odoo15accounting Reporting your income and expenses to the administration based on the cash basis method is legal in some countries and under some conditions. #Odoo15enterprise Example: You sell […]
Analytic accounting is used by companies for the purpose of analyzing the costs of the business, analyzing the performance of a project, and re-invoice time to a customer. #odoo15accounting They can be used to analyze that the funds of the company are spent properly and retained. Odoo’s analytic accounts and tags do not interfere with […]
This video explains the payment flow in Odoo 15 accounting #odoo15accounting From version 14 onwards payments are registered by default on outstanding accounts both in the case of customer invoices and vendor bills. Odoo has added new payment transfer accounts for outstanding payments and outstanding receipts. Invoices or refunds can be posted on outstanding receipts, […]
This video explains to you how the Odoo platform will help you manage the continental and Anglo-Saxon accounting operations. #odoo15accounting Video Content: 00:00 – Introduction to Accounting modes in Odoo 01:19 – Anglo Saxon Accounting 12:30 – Continental Accounting There are mainly two types of accounting practices that are widely adopted across the globe. Everyone […]
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. #odooaccounting They allow you to plan your desired financial outcome and then measure your actual performance against the plan. Odoo […]
