Navabrind IT Solutions – Magento | Odoo | Akeneo | IT Consulting Services

Smart, Fast Compliance with Odoo Accounting and Invoicing

Trending Offerings from the Navabrind Solutions Marketplace

  • A smart user interface based on Google Material Design trend.
  • Do away with the manual creation of invoices, printing and sending, registering bank statements, follow-up payments, and more.
  • Get automatic alerts and collaborate on documents.
  • Reconcile payments with several invoices using a button on the payment form.
  • Get instant access to all accounting features, wherever you are.
    Get bank statements automatically synced with your software.
Encourage, Growth, RIght choice

Key Features of Odoo Accounting Implementation

Accounts Receivable

solution design
  • Supports multiple payments for one invoice, cash discounts, advance invoices, and partial reconciliations.
  • Create draft invoices based on the sales order, timesheets, and delivery orders.
  • Reconcile outstanding payments suggested by Odoo.

Account Payables

solution design
  • Compare the information appearing on the Purchase Order, Vendor Bill, and Receipt to ensure you pay the correct bill.
  • Track employee expenses from recording to validation and reimbursement.
  • Get a quick forecast of bills to be paid in the future.

Bank & Cash

solution design
  • Get your bank feeds 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 easily.

Taxation

solution design
  • Default Taxes
  • Fiscal positions (tax and account mapping)
  • EU intra-community distance selling
  • Get correct tax rates in the US using TaxCloud
  • Manage withholding taxes
  • Manage prices for B2B (tax excluded) and B2C (tax included)
  • Manage cash basis taxes
  • VIES VAT numbers validation

Analytic

solution design
  • Track costs of human resources with timesheets
  • Track costs of purchases, expenses, subcontracting

Multi-currency

solution design
  • Manage invoices and payments in multiple currencies
  • Record exchange rates at payment

Fiscal Localization

solution design
  • Fiscal localization packages
  • List of supported countries

Get Paid Faster

solution design
  • 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

solution design
  • Track deposit tickets to ease the bank reconciliation process.
  • Automate payments to suppliers with SEPA and notification from Odoo to pay on the exact date.
  • Support payment flow with optional validation.

Easy Reconciliation

solution design
  • Odoo matches 95% of invoices and payments automatically, and the matching tool does the balance 5% super fast.
  • Get partial and full reconciliation of accounts directly from the invoice or the bank statement.
  • Audit differences between accounts and bank statements.

Multis

solution design
  • Get currency rates updated every day.
    Get subsidiaries integrated into the system with consolidated reports in real-time.
  • Define as many users as you need with user-specific access.
  • Organize your documents into several journals.

Performance Reports

solution design
  • Use Odoo pivot table to navigate through information, consolidations, drill-up/down, group data, filters, etc.
  • Generate reports for any period, compare periods. Get dynamic calculation of fields such as YTD earning.
  • Access dynamic reports. Annotate reports to add your notes for the managers inline.

Legal Statements

solution design
  • 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.
  • The consolidated journal offers month-on-month updates.

Analytic Accounting

solution design
  • 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

solution design
  • Manage subscription and recurring revenue easily with contracts.
  • Send sales personnel automated alerts when contracts need to be renewed.
  • Enable customers to change their plans, order upgrades, or downgrades/unsubscribe through the customer portal.

Assets & Revenues

solution design
  • Track assets, depreciation boards and generate amortization entries automatically.
  • Manage multi-year contracts, automate deferred revenue entries, and view updates on your recurring revenues.
  • Get SaaS metrics in a single dashboard, such as MRR, churn, CAC, CAC ratio, growth forecasts, ARR, CLT, and CLT

Connect

solution design
  • 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 IT Solutions Capability

Navabrind marketplace lets you discover, test, buy, and deploy tailored solution for you business need.

100+

experienced engineers

10+

years of expertise

1000+

ready to deploy solutions

Odoo

Certified Partner

Clients

in US, Europe, India & Southeast Asia

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