Ensure Faster RoI with a Odoo ERP Accounting Consultant

Odoo Accounting is a large and complex module. It is also a key module for the success of any business. Ensuring it is correctly installed and serving the needs of your business is crucial.

A consultant can help you identify and map all of your accounting needs, point out features that are already existing in the module, and advise on areas of customization. A consultant can work closely with your technology partner to ensure Odoo is implemented seamlessly. A consultant also takes into consideration your growth plans and ensures your Odoo Accounting module scales as your business grows.

What can and Odoo ERP Accounting Consultant do for you?

• Business Requirement Analysis - Identify and gather business requirements.

• Customized Mapping - For requirements and software solutions.

• Business Requirement Document – Create a document for issues and updated process flows.

• Quality Assurance Review and evaluate the technical design and technical quality issues.

• Program Modification Execute program modifications and customizations.

• Hassle-free Integration Reduce the risk while implementing Odoo.

Features

Accounts Receivable

• Advance payment terms: Supports multiple payments for one invoice, cash discounts, advance invoices, and partial reconciliations.

• Draft invoice propositions: Create automatically, based on sales orders, timesheets, and delivery orders.

• Easy payment reconciliation: So that outstanding payments are reconciled.

Account Payables

• Control supplier bills: Compare the information appearing on the Purchase Order, Vendor Bill, and Receipt to ensure you pay the correct bill.

• Employee expenses: Track employee expenses from recording to validation and reimbursement.

• Forecast expenses: Get a quick forecast of bills to be paid in the future.

Bank & Cash

• Get updates 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.

Taxation

• Fiscal positions (tax and account mapping)

• EU intra-community distance selling

• 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 at the exact date.

• Support payment flow with optional validation.

Easy Reconciliation

• Smart reconciliation: Odoo matches 95% of invoices & payments automatically, and the matching tool does the balance 5% super fast.

• Easy outstanding payments: Get partial and full reconciliation of accounts directly from the invoice or the bank statement.

• Reconciliation Report: Audit differences between accounts and bank statements.

Multis

• Multi-currency support: Get currency rate updated every day.

• Multi companies: Get subsidiaries integrated into the same system.

• Multiple users: Define as many users as you need with user-specific access.

• Multi Journals: Organize documents into several journals.

Performance Reports

• Business Intelligence reports: Use Odoo pivot table to navigate through information, consolidations, drill-up/down, group data, filters, etc.

• Customized dashboards: Generate reports for any period, and compare periods. Get dynamic calculation of fields such as YTD earning.

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.

• Consolidate journal reports for 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

• Automatic invoicing: Manage subscription and recurring revenue easily with contracts.

• Renewal alerts: Send sales personnel automated alerts when contracts need to be renewed.

• Customer portal: Enable customers to change their plans, order upgrades, or downgrades/unsubscribe through the customer portal.

Assets & Revenues

• Asset management: Track assets, depreciation boards, and generate amortization entries automatically.

• Revenue recognition: Manage multi-year contracts, automate deferred revenue entries, and view updates on your recurring revenues.

• Revenue dashboard: Get SaaS metrics on 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