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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 […]
Deferred expenses and prepayments (also known as prepaid expenses), are both costs that have already occurred for unconsumed products or services yet to receive. 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. The company cannot […]
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). Reporting your income and expenses to the administration based on the cash basis method is legal in some countries and under some conditions. #odoo #odoo14 #odootaxes #Manage #Cash […]
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 […]
