Smart, Fast Compliance with Odoo Accounting and Invoicing

• A smart user interface based on Google Material Design trend.

• 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.

Features

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 CLTV.

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.