Modern enterprises’ increased operational effectiveness is unavoidably aided by Odoo ERP. It offers features that are intended to streamline numerous corporate operations, including accounting and finance. The Odoo Accounting module is a one-stop shop for digitizing all of your accounting tasks with ease. Let’s explore the features that Odoo Accounting provides
1. Accounting Automation –
Enables automatic recording of payments, receipts, and other financial procedures. This is one of Odoo Accounting’s key features.
Bill reconciliation with banks and other platforms is possible thanks to the quick bank reconciliation feature. By connecting your bank account to Odoo, the program will handle the reconciliation on your behalf.
2. Invoicing –
You can efficiently handle and carry out any number of invoicing tasks, guaranteeing that you are paid on schedule for each one.
3. Bank synchronization –
Save time by automatically synchronizing your bank statements with your bank.
4. Performance Report –
Create and compare reports for any time period. Reports are entirely dynamic, making navigation simple.
Process automation: It eliminates cash flow problems, streamlines accounts payable and accounts receivable tasks, and enhances cash management.
5. Multi-currency support –
This function helps companies to conduct business internationally.
Accept money fast by supporting popular payment gateways like Authorize.net, Ingenico, PayPal, Adyen, and others, and accepting credit card payments online.
6. Error-free billing –
You may arrange payment orders, deposit tickets, and print checks in bulk with only a few clicks.
7. Real-time reporting –
A number of common reports are accessible, such as dated payables and receivables, cash flow statements, executive summaries, tax reports, and profit and loss reports. You can quickly locate precise data in the form of reports in real-time with only a few clicks.
8. Alerts –
Get alerts and updates as the invoice payment deadline draws near.
9. Complete Integration –
Automatically create analytical entries based on timesheets, supplier invoices, job orders, and more.
10. Follow-up automation –
Sends emails, letters, and other communications to assist with credit collection.