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 […]
Reordering from a portal typically refers to the process where customers or clients use an online portal or platform to place repeat orders for products or services they’ve previously purchased. This approach simplifies the ordering process, especially for items that customers regularly need. #odoowebsite #odoo16 #odoofunctionalvideos Connect With Us: ————————————— ➡️ Website: ➡️ Email: info@cybrosys.com […]
Salary attachment, also known as wage garnishment or wage attachment, refers to a legal process in which a portion of an individual’s earnings (salary, wages, or income) is withheld by their employer and paid directly to a creditor or government agency to satisfy a debt or financial obligation. Video Chapters 00:35 – Introduction 00:36 – […]
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 […]
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 […]
Deferred expenses and prepayments (also known as prepaid expenses), are both costs that have already occurred for unconsumed products or services yet to receive. #odooaccounting Such costs are assets for the company that pays them since it already paid for products and services still to receive or that are yet to be used. #odoo16 The […]
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 […]
The cash spent by an employee for company purposes is an employee expense. #odooaccounting In some situations, employees must spend money on various projects and purchase commodities from vendors for company purposes. In these cases, a firm is responsible for giving back the money to employees. We need support to manage employee expense management, Odoo […]
