Accounting and Finance
Customer Invoice
Payment
Payment Terms
Setup Accounting
Taxes and Duties
Credit Notes
Bank and Cash
- Bank Reconciliation in Odoo
- Manage the bank reconciliation process
- Split payment into multiple, allocate to multiple invoices during reconciliation
- Import bank statement (ofx format) and quick bank reconciliation
- Show a check in customers statement, when it gets clear in bank but not when deposited
- Add check bounce charges to customers outstanding, when our bank charge penalty to us
- Transferring money from bank account to petty cash (Cash withdrawal)
- Manage batch deposits of checks
- Pay multiple employees salary through bank transit account (Bulk Salary Posting and Payment)
Multi Currency
Vendor Bills and Payments
- Purchase order to vendor bill, payment through check
- Register cash sales and expense in account
- Pay vendor bills by check and print check from Odoo accounting
- Pay several vendor bills at once
- Register partial payment while paying to multiple vendor bills
- Forecast future vendor bills to pay
- Create single vendor bill from multiple purchase orders
- Manage advance payment, employee expenses and reconciliation
Analytic Accounting (Cost center)
Manual Inventory Valuation (Anglo-Saxons)
Automatic Inventory Valuation (Anglo-Saxons)
Indian Localization
- Multiple tax included in price, i.e.Indian GST Tax
- Track tax deduction at source and certificate receivable, (customer invoice)
- Manage tax deduction at source, tax ledger, compute payable and pay through bank (vendor bill)
- Manage tax deduction at source (TDS) with accounting entries
- Adapt date format and currency separator according to Indian Localisation
Source: Accounting and Finance — Odoo 13.0 documentation