BOOKS OF ACCOUNTS
Beautiful user interface
A fast and modern user interface your users will love. Based on Google Material Design trend.
Reduce data entry
No need to create invoices manually, print and send them, register bank statements, follow-up payments… Automate more, save time.
Collaboration & Alerts
Follow what interests you and get automatic alerts, collaborate on documents easily.
Pay Multiple Invoices
Ability to reconcile a payment with several invoices using a button on the payment form.
Simplified initial setup with a configuration progress bar (example: set your initial balances from one screen).
Get an instant access to all accounting features, wherever you are, on tablets or smart phones.
Get your bank statements automatically synced with your bank. Save time with Automated reconciliation.
Create customer invoices
Issue clear, complete and professional invoices in seconds.
Print or send by email
Print a hard copy of your invoices to send them by post or send them by email.
Create credit notes and manage reimbursements.
Automatically mirror orders and invoices in multi-company setup (Create a sales orders in company A and automatically Odoo generates a Purchase Order in company B).
Enter a valid VAT number and Odoo will autocomplete the name and the address of the customer (Europe only).
3-Way matching payments
Compare what you have received with the vendor bill to release an invoice for payment.
Manage supplier invoices
Record supplier invoices in the system to manage payments and integrate them into accounting.
Handle recurring invoices
Set the frequency of invoicing for products in accordance with contract specifications.
Use Incoterms standards to make sure you have the right terms on your contracts.
Simple management view.
Batch deposit available. Customer Statements: manage the follow-up from a single simplified interface.
Get a broad view on all invoices and filter them by status.
Import bank statements
Automatically link payments to your bank accounts with existing invoices by importing your bank statements into the system. Synchronization with 24000 banks mostly in US, Australia and New-Zealand. Importation of files in format: OFX, QIF, CSV, CODA.
Allow customers to pay in their currency with an automatic currency converter and record gains and losses for each conversion. Automatic update of currency rates base on a chosen frequency: daily, weekly, monthly.
Get paid online
Send your invoices by email and add a link to Authorize, Paypal, Ingenico, Buckaroo or Adyen to get paid quickly, easily and securely.
Create steps and automated actions to be taken by the system in case of a payment issue.
SEPA payments. Check printing in US format.
Select multiple vendor bills and pay them all at once. Work to credit a batch of customers via SEPA Direct Debit or credit card tokens.
Clean customer invoices
Odoo invoices are easy to create, beautiful and full featured. (payment terms, multiple taxes, discounts, pricelists.)
Advanced Payment terms
Support for multiple payments for one invoice, cash discounts, advance invoice, partial reconciliations.
Draft invoice propositions
Draft invoices are created automatically by Odoo based on sales order, timesheets or delivery orders.
On-the-fly payment reconciliation
When creating an invoice, Odoo suggests outstanding payments automatically so that you don’t have to reconcile it later.
Get paid easily
Odoo proposes emails, follow-ups letters, and tasks automatically to ease your credit collection process.
Aged receivable balance
The aged receivable report gives you a clear overview of overdue payments and treasury forecast.
Your customer can track their order status, invoices, and payments through their portal.
Advanced customer statements
Get clear reports on customer statements and navigate easily through the documents to understand every customer use case.
Control supplier bills
Simply register on the forum to post questions and answer existing ones.
Track employee expenses, from the recording by every employee to the validation and reimbursement.
Get a clear forecast of your future bills to pay.
Get a proposition of supplier bills to pay and print checks in batch in just a few clicks.
Keep track of deposit tickets in just a few clicks to ease the bank reconciliation process.
Automate wire transfers
Automate payments to suppliers with SEPA based on propositions by Odoo to pay at the right date.
Organize payment orders
Support your own payment flows with optional validation steps.
Bank & Cash
Automate bank feeds
Get your bank feeds automatically from the bank. 15,000 banks supported, mostly U.S., Canada and NZ ones.
Manage cash registers
Track every cash transaction with opening and closing easily.
If your bank is not supported, use OFX, QIF, CSV or Coda files to import statements easily.
Smart Reconciliation Tool
Get reconciliation propositions automatically, register extra journal items on the fly, search efficiently. Interface for manual reconciliations, for both open and paid invoices. Learning of account numbers based on first manual reconciliation. Odoo matches 95% of invoices & payments automatically and the smart matching tool allows to do the remaining 5% super fast.
Easy outstanding payments
Get partial and full reconciliation proposition directly from the invoice or the bank statement.
Audit differences between your accounts and your bank statement balance to ease reconciliation.
Advanced Access rights
Access Control Lists
Access rights are super flexible. Default configurations are already setup for accountants and advisers.
Get your currencies rate updated automatically every day.
Get all your subsidiaries integrated in the same system with consolidation reports in real time. Automate business flows with inter-company rules.
Define as many users as you want with different access rights.
Organize your document into several journals (by departments, by type of activity) to split roles across several users.
Business Intelligence reports
Use Odoo pivot table to navigate through the information: consolidations, drill-up/down, group data, filters, etc.
Multiple standard reports are available – Profit & Loss, cash flow statements, cash reports, executive summary and aged payable/receivables, etc. Get standard reports and chart of accounts available for 80+ countries. Export to Excel and pdf.
Create your own dashboard by assembling custom reports. Generate reports for any time period, comparing time period. Get dynamic calculation of certain fields e.g. YTD earning. Share filters and dashboard across teams.
Annotate any report
All reports are full dynamic allowing you to navigate easily. Create multiple annotations. Annotate reports to add your notes for the managers inline.
Define your own KPIs based on formulaes: gross margin, customer acquisition costs, growth rate by products.
Perpetual fiscal year closing
No need to report balance sheet accounts from one year to another. Automatic calculation of P&L based on chosen dates, only need to write the handling of earnings for closure. Choose lock entry dates for non advisers and all users.
Profit & Loss
Navigate easily through the flow of information from the Profit & Loss report.
Cash flow statement
Get a cash flow statement in real time with lots of options in the filters.
Search and filter in the general ledger easily and zoom into documents in just a click.
Advanced Taxes Management
Odoo’s tax engine support a wide range of tax computations: price included / excluded, percentage, grid, tax on taxes, partial exemptions, etc.
Consolidated Journal Report
The consolidated journal displays what happened in each journal organized month by month for readability.
Get your current year earnings automatically reported to your balance sheet to report at any time without having to close/open fiscal years.
Get your tax reports in accrual or cash based, formatted according to the right country.
Intrastat reports, VAT statement, P&L/BS of the country, listing of VAT subjected customer, etc.
Tax Audit Report
The tax audit report allows you to check how the tax report is computed for audit purposes. In the tax report, select a line and click on the “audit” button to audit the journal items (base and tax in the same report).
Hierarchies of cost accounts
Structure automatically your analytic accounts based on projects, contracts, departments, etc.
Get analytic entries automatically produced based on timesheets, supplier bills, work orders, etc.
Manage multiple analytic plans with default values and assignations ratios between cost accounts or projects.
Manage subscription and recurring revenues easily with contracts. Automate recurring invoices, payments and renewal alerts.
Your salesperson get automated alerts when contracts have to be renewed.
Your customers can change their plans, order upgrades or downgrade / unsubscribe through the customer portal. (Based on your configuration)
Recurring revenues & extra
Manage multiple subscription plans, templates and extra fees.
Assets & Revenues
Track assets, depreciation boards and generate amortization entries automatically. Manage all events on your assets in just a few clicks.
Manage multi-year contracts, automate deferred revenues entries and get clear dashboards on your recurring revenues.
Track your budget and compare actual performance with different budget. Manage budget on your financial accounting or analytic accounts.
NOTE: Above features are available based on given Odoo versions/ Editions.