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Smart, Fast Compliance with Odoo Accounting and Invoicing

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  • A smart user interface based on Google Material Design trend.
  • Do away with the manual creation of invoices, printing and sending, registering bank statements, follow-up payments, and more.
  • Get automatic alerts and collaborate on documents.
  • Reconcile payments with several invoices using a button on the payment form.
  • Get instant access to all accounting features, wherever you are.
    Get bank statements automatically synced with your software.

Key Features of Odoo Accounting

Accounts Receivable

  • Supports multiple payments for one invoice, cash discounts, advance invoices, and partial reconciliations.
  • Create draft invoices based on the sales order, timesheets, and delivery orders.
  • Reconcile outstanding payments suggested by Odoo.

Account Payables

  • Compare the information appearing on the Purchase Order, Vendor Bill, and Receipt to ensure you pay the correct bill.
  • Track employee expenses from recording to validation and reimbursement.
  • Get a quick forecast of bills to be paid in the future.

Bank & Cash

  • Get your bank feeds automatically from the bank.
  • Track cash transactions with opening and closing.
  • If your bank is not supported, use OFX, QIF, CSV, or Coda files to import statements easily.

Taxation

  • Default Taxes
  • Fiscal positions (tax and account mapping)
  • EU intra-community distance selling
  • Get correct tax rates in the US using TaxCloud
  • Manage withholding taxes
  • Manage prices for B2B (tax excluded) and B2C (tax included)
  • Manage cash basis taxes
  • VIES VAT numbers validation

Analytic

  • Track costs of human resources with timesheets
  • Track costs of purchases, expenses, subcontracting

Multi-currency

  • Manage invoices and payments in multiple currencies
  • Record exchange rates at payment

Fiscal Localization

  • Fiscal localization packages
  • List of supported countries

Get Paid Faster

  • Odoo supports Authorize.net, Ingenico, Paypal, Adyen, and other payment gateways.
  • Navigate easily through documents to understand every customer use case.
  • Enable customers to scan a QR code with their banking app and make a payment.

Pay Bills

  • Track deposit tickets to ease the bank reconciliation process.
  • Automate payments to suppliers with SEPA and notification from Odoo to pay on the exact date.
  • Support payment flow with optional validation.

Easy Reconciliation

  • Odoo matches 95% of invoices and payments automatically, and the matching tool does the balance 5% super fast.
  • Get partial and full reconciliation of accounts directly from the invoice or the bank statement.
  • Audit differences between accounts and bank statements.

Multis

  • Get currency rates updated every day.
    Get subsidiaries integrated into the system with consolidated reports in real-time.
  • Define as many users as you need with user-specific access.
  • Organize your documents into several journals.

Performance Reports

  • Use Odoo pivot table to navigate through information, consolidations, drill-up/down, group data, filters, etc.
  • Generate reports for any period, compare periods. Get dynamic calculation of fields such as YTD earning.
  • Access dynamic reports. Annotate reports to add your notes for the managers inline.

Legal Statements

  • Navigate the information from the Profit & Loss report.
  • Access cash flow statement in real-time.
  • Access a wide range of tax computations, such as price included/excluded, percentage, grid, tax on taxes, partial exemptions.
  • The consolidated journal offers month-on-month updates.

Analytic Accounting

  • Structure your accounts based on projects, contracts, departments, etc.
  • Distribute one accounting entry into multiple analytic accounts by using analytic tags and flexible distribution.
  • Get reports on your accounts with hierarchy and subtotals.

Subscriptions

  • Manage subscription and recurring revenue easily with contracts.
  • Send sales personnel automated alerts when contracts need to be renewed.
  • Enable customers to change their plans, order upgrades, or downgrades/unsubscribe through the customer portal.

Assets & Revenues

  • Track assets, depreciation boards and generate amortization entries automatically.
  • Manage multi-year contracts, automate deferred revenue entries, and view updates on your recurring revenues.
  • Get SaaS metrics in a single dashboard, such as MRR, churn, CAC, CAC ratio, growth forecasts, ARR, CLT, and CLT

Connect

  • Connect third-party applications with the Odoo web service API. It supports all languages, such as python, PHP, java, c#, ruby, etc.
  • Integrate Google spreadsheet with Odoo SaaS to create dashboards in spreadsheets.

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100+

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10+

years of expertise

1000+

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Odoo

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Clients

in US, Europe, India & Southeast Asia

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