Odoo 13 Accounting | Budget | Assets | Accounting Reports Odoo Accounting is used for storing, sorting, retrieving, summarizing, and displaying the results in several reports and analyses. Odoo Accounting is one of the required functions for almost any business. In Odoo Accounting various types of reports can be generated like Profit and Loss Report, Balance Sheet […]
Batch Payment Processing in Odoo 13 In Odoo 13 batch payment processing allows you to create and send multiple payments in one go by simply uploading a file. You can then make a single transfer to TransferWise to cover all payments in the batch. Some people may announce a batch payment a bulk payment, or […]
Odoo 13 Chart of Accounts A Chart of Accounts is a listing of all accounts used in the general ledger of an organization. It provides a complete listing of every account in an accounting system. An account is a unique record for each type of asset, liability, equity, revenue, and expense. In Odoo 13 Chart of accounts […]
How to Enable Analytical Accounting in Odoo 13 In Odoo 13 Analytic Account mainly used for costing purposes. Odoo 13 Analytical Accounting uses businesses to track and record for their budgeting and financial statements. It is a very flexible term used in majority sectors inside a company. Odoo Analytic Accounts are used several modules like […]
How to Manage Cash Basis and Accrual Basis Accounting in Odoo In Odoo there are two various methods used to record accounting transactions like Case basis and Accrual basis accounting. Odoo accounting handle both accrual and cash basis reporting. Income or revenue is recorded when payments are received. The key difference between the two methods is in the […]
How to track costs of purchases, sales, expenses in Odoo In Odoo Analytic Account mainly used for costing purposes. Odoo Analytical accounting uses businesses to track and record for their budgeting and financial statements. It is a very flexible term used in majority sectors inside a company. Odoo Analytic Accounts are used several modules like Project […]
Budget Management in Odoo A budget is a microeconomic concept that shows the contract made at the same time one good is exchanged for another. A budget is used for a financial plan for a defined period, normally a year. Budgets can be defined based on multiple criteria, such as departments, cost centers, cost types, […]
Setting up your Bank Account in Odoo An account held by an investor at a financial institution. The financial institution holds the money for the investor, leading to a positive or credit balance, or loan money to the investor, leading to a negative or debit balance. In Odoo it is very easy to configure the […]
Deferred Revenue Management in Odoo v12 Deferred revenue refers to payments received in advance for services which have not yet been performed or goods which have not yet been delivered. These revenues are classified on the company’s balance sheet as a liability and not as an asset. Deferred revenue is common among software and insurance […]
How to Set Cash Rounding in Odoo 12 Cash rounding is when the total amount of a bill is rounded up or down to the nearest 5 cents. It is only applied to cash payments and not to electronic methods of payments. It also applies to the total amount of a purchase, not on each individual […]