NITS

Ensure Faster RoI with a Odoo ERP Accounting Consultant

Trending Offerings from the Navabrind Solutions Marketplace

  • Description
  • Capability
  • Resources

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

Navabrind Solutions Capability

  • 25+ Odoo Accounting Consulting Assignments completed
  • 10+ years of expertise
  • Certified Odoo Partner
  • 50+ experienced engineers
  • Clients in the US, Europe, India and Southeast Asia

Other Offerings

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Ecommerce

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B2B and Retail

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Logistics and Supply Chain

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Manufacturing

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Financing and Accounting

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