The following sections present an overview of the main functions of Odoo ERPOnline. Some areas are covered in more detail in the following chapters of this book and you will find many other functions available in the optional modules. Functions are presented in the order that they appear on the main menu. Boost your Sales Odoo ERPOnline provides many tools for managing relationships with partn...

Odoo ERPOnline provides various features to keep track of your invoicing and payments. The simple workflow of invoicing, with efficient encoding of the payment process of your customers, makes Odoo ERPOnline more adoptable. In this section, we discuss two processes, the easy workflow for non-accountants who just want to keep track of their payments, and the complete accounting section. Note that o...

The chart Accounting workflow for invoicing and payment shows the financial workflow followed by each invoice. In general, when you use all of Odoo ERPOnline's functionality, invoices do not need to be entered manually. Draft invoices are generated automatically from other documents such as Purchase Orders. Accounting workflow for invoicing and payment Draft Invoice The system generates inv...

In Odoo ERPOnline, the concept of “invoice” includes the following documents: The Customer Invoice. The Supplier Invoice. A Customer Credit Note or Customer Refund. A Supplier Credit Note or Supplier Refund. Only the invoice type and the representation mode differ for each of the four documents. But they are all stored in the same object type in the system. You get the correct form for ea...

Various methods can be used to create accounting entries. You have already seen how an invoice creates its own entries, for example. This section deals with Managing bank statements. Managing cash. Manual journal entries. Here we will show you how to enter financial transactions. In Odoo ERPOnline, you can handle bank statements and also a cash register. Use different journals for these...

Financial and accounting asset management. To manage the assets owned by a company or an individual and to keep track of depreciation occurred on those assets. Also allows to create accounting moves of the depreciation lines. You can manage your assets and accounting related to those assets using account_asset module. Using the menu Settings > Accounting > Account, Accounting & Finance tick Asset...

Whether you want to analyze the general health of your company or review the status of an Account Receivable in detail, your company's accounts are the place to define your various business indicators. To show you the most accurate picture of your business, Odoo ERPOnline's accounting reports are flexible, and the results are calculated in real time. This enables you to automate recurring actions...

There are various reports designed for financial analysis based on the analytic accounts. Most of these reports are available directly from the tree of analytic accounts or from the form view of the analytic account. From the Accounting > Configuration > Analytic Accounting > Analytic Accounts menu, select one or more analytic accounts and then click one the Print button at the centre of the scre...

Accounts have be configured to meet your company's needs. This chapter explains how to modify your chart of accounts, journals, access rights, initial account balances and default values for the initial configuration of your Odoo ERPOnline accounts. Good accounting software requires great usability and simplicity of data entry, as well as flexibility in configuring its different components. You s...

At the end of a financial year, you will have to transfer the closing balance of that year as an opening balance to the new financial year. OpenERP allows you to automatically post such an entry. You can transfer the new opening balance numerous times, because it is impossible to close a year at once. Correction entries will have to be made, due to which balances will change. The new balance can e...

Sitting at the heart of your company's processes, analytic accounts (or cost accounts) are indispensable tools for managing your operations well. Unlike your financial accounts, they are for more than accountants - they are for general managers and project managers, too. You need a common way of referring to each user, service, or document to integrate all your company's processes effectively. Su...

Integrated with General Accounting Just as in general accounting, analytic entries should be related to an account and an analytic journal. Analytic records can be distinguished from general records by the following characteristics: They are not necessarily legal accounting documents. They do not necessarily belong to an existing accounting period. They are managed according to their date an...