Cancel or Delete Invoice in Odoo 13 Canceling an invoice means you can totally remove the invoice from the system, only it will give a record history on the job that the invoice was labeled as canceled. At the same time, you can cancel an invoice the time and cost will be available to invoice […]
Odoo 13 Bank Statement and Reconciliation
Odoo 13 Bank Statement and Reconciliation A bank reconciliation statement is a document that matches the cash balance on a company’s balance sheet to the corresponding amount on its bank statement. In this type of article explain wherewith, new bank statements can be created manually and reconcile the statement lines with receivable and payable entries […]
Odoo 13 Accounting | Budget | Assets | Accounting Reports
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
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
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
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
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
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 | Planet Odoo
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
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 […]
How to Create Deferred Revenue Management in Odoo v12
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
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 […]
Odoo Customer Payment Follow-up on Invoice
Customer Payment Follow up in Odoo is good customer service. It a products business or a services business, it is extremely important to receive payments, on-time. Odoo provides the right tools to track receivables, automate customer statements, and measure your performance. It allows your customer to pay later or in installments, you have to keep track […]
How to Enable Multi-Currency in Odoo V12
A currency is a system of money in common use, especially in a nation. Under this definition, Indian rupee, US dollars, British pounds, Australian dollars, and European euros are examples of currency. Odoo provides features that support multi-currencies. Any company that does international trade receive payments in different currencies. This can be handled by enabling multi-currency […]
Invoicing Process of Project in Odoo V12
How to Invoice a Project in Odoo V12 Odoo Project Management allows a user to create and manage a project with a team, with innovative and modern tools to better visualize the project’s progress. Fully integrated with other apps, you can, schedule, plan and analyze group tasks for any kind of business. Odoo Project enables […]