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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 do Bank Reconciliation in Odoo 12

Bank Reconciliation in Odoo 12 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. A bank reconciliation should be completed at regular intervals for all bank accounts, to ensure that a company’s cash records are correct. Otherwise, it may […]

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 […]