Ensure Faster RoI with a Odoo ERP Accounting Consultant
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Odoo Accounting is a large and complex module. It is also a key module for the success of any business. Ensuring it is correctly installed and serving the needs of your business is crucial. A consultant can help you identify and map all of your accounting needs, point out features that are already existing in the module, and advise on areas of customization. A consultant can work closely with your technology partner to ensure Odoo is implemented seamlessly. A consultant also takes into consideration your growth plans and ensures your Odoo Accounting module scales as your business grows.
What can and Odoo ERP Accounting Consultant do for you?
- Business Requirement Analysis – Identify and gather business requirements.
- Customized Mapping – For requirements and software solutions.
- Business Requirement Document – Create a document for issues and update process flows.
- Quality Assurance Review and evaluate the technical design and technical quality issues.
- Program Modification Execute program modifications and customizations.
- Hassle-free Integration Reduce the risk while implementing Odoo.
Key Features of Odoo ERP Accounting Consulting
Accounts Receivable
- Advance payment terms: Supports multiple payments for one invoice, cash discounts, advance invoices, and partial reconciliations.
- Draft invoice propositions: Create automatically, based on sales orders, timesheets, and delivery orders.
- Easy payment reconciliation: So that outstanding payments are reconciled.
Account Payables
- Control supplier bills: Compare the information appearing on the Purchase Order, Vendor Bill, and Receipt to ensure you pay the correct bill.
- Employee expenses: Track employee expenses from recording to validation and reimbursement.
- Forecast expenses: Get a quick forecast of bills to be paid in the future.
Bank & Cash
- Get updates 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.
Taxation
- Fiscal positions (tax and account mapping)
- EU intra-community distance selling
- Manage withholding taxes
- Manage prices for B2B (tax excluded) and B2C (tax included)
- Manage cash basis taxes
- VIES VAT numbers validation
Analytic
- Track costs of human resources with timesheets
- Track costs of purchases, expenses, subcontracting
Multi-currency
- Manage invoices and payments in multiple currencies
- Record exchange rates at payment
Fiscal Localization
- Fiscal localization packages
- List of supported countries
Get Paid Faster
- 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
- Track deposit tickets to ease the bank reconciliation process.
- Automate payments to suppliers with SEPA and notification from Odoo to pay at the exact date.
- Support payment flow with optional validation.
Easy Reconciliation
- Smart reconciliation: Odoo matches 95% of invoices & payments automatically, and the matching tool does the balance 5% super fast.
- Easy outstanding payments: Get partial and full reconciliation of accounts directly from the invoice or the bank statement.
- Reconciliation Report: Audit differences between accounts and bank statements.
Multis
- Multi-currency support: Get currency rate updated every day.
- Multi companies: Get subsidiaries integrated into the same system.
- Multiple users: Define as many users as you need with user-specific access.
- Multi Journals: Organize documents into several journals.
Performance Reports
- Business Intelligence reports: Use Odoo pivot table to navigate through information, consolidations, drill-up/down, group data, filters, etc.
- Customized dashboards: Generate reports for any period, and compare periods. Get dynamic calculation of fields such as YTD earning.
Legal Statements
- 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.
- Consolidate journal reports for month-on-month updates.
Analytic Accounting
- 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
- Automatic invoicing: Manage subscription and recurring revenue easily with contracts.
- Renewal alerts: Send sales personnel automated alerts when contracts need to be renewed.
- Customer portal: Enable customers to change their plans, order upgrades, or downgrades/unsubscribe through the customer portal.
Assets & Revenues
- Asset management: Track assets, depreciation boards, and generate amortization entries automatically.
- Revenue recognition: Manage multi-year contracts, automate deferred revenue entries, and view updates on your recurring revenues.
- Revenue dashboard: Get SaaS metrics on a single dashboard, such as MRR, churn, CAC, CAC ratio, growth forecasts, ARR, CLT, and CLTV.
Connect
- 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
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