Subscription management is an integral part of the business as it helps you to maintain frequent contact with your customers. So it is important to maintain track of your subscription. #odoofunctionalvideos The revenue generated from subscriptions and the amount spent on retention, revenue earned by each employee and much more has to be analyzed clearly. […]
Ensuring proper equipment management is an integral part of business management. It is often hard to have a complete overview of all of the requirements and machinery in a company. #odoo16 It is essential to manage them and view the equipment individually to ensure maximum efficiency of the pieces of machinery. Keeping your equipment updated […]
The process of monitoring, organizing, and selling a firm’s assets is asset management. Machinery, cars, computers, and other equipment have been invested in a company recently, and these are fixed assets that we plan to use for multiple years. However, as time passes, the value of assets reduces widely. #odoo16 Create in draft: whenever a transaction is […]
This video explains the Product categories of Odoo 16. Product category management helps the business to categorize the products in an effective way. #odoofunctionalvideos This feature is significant for inventory management and business operations. Odoo offers this feature in a refined format. #odoo16 In Odoo 16 inventory product categories can be configured with ease. The categories […]
A cash payment that occurs at the beginning of a purchase transaction is a down payment. It allows customers to produce purchase payments for short or long-term periods. #odoo16 One of the benefits of a down payment is the lower interest rate available for customers. Most companies added down payments for wholesale or retail operations […]
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 16 we used a journal and journal entries for setting the opening balance. First, create an equity account for opening balance and a journal entry to bring account balances […]
Deferred expenses and prepayments (also known as prepaid expense), 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 company cannot report them on 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 […]
A company can have multiple warehouses. The products from one warehouse can be resupplied from another one. Odoo facilitates an option to resupply goods and raw materials from other warehouses. This will be done when goods are not available in one warehouse. #odoo16 #odoofunctionalvideos #odootutorials Go to – Inventory – Configuration – Odoo Warehouse – Check […]