Odoo 16 Community Book

Invoicing

Invoicing and accounting operations are impartial elements of a business that require an efficient system for management. To run your business successfully, the financial operations of your business should be governed in a proper manner. Otherwise, your business will face severe financial failure in the future. In order to avoid manual errors in accounting and save time and effort for the accounting department of your company, you can use the Odoo ERP system. This software will ensure enhanced performance in financial management in your business. For managing all kinds of invoicing operations, Odoo offers the Invoicing module in the community edition. This module is a great assistance in creating and managing invoices, sending them to concerned customers on scheduled dates, and managing bills and payments of the respective invoices. You can integrate this module with other functional modules in Odoo, like Sales, Purchase, Inventory, and many more.

In the Community edition of Odoo, you will get the Invoicing module instead of the Accounting module. Some features and functions of the Accounting module will be missing in the Invoicing module. But, it is possible to get access to the full accounting features in the Community edition by following a few steps.

First, go to the General Settings option of the Community edition and activate the Developer mode as shown in the image below.

The next step is to select the Users & Companies menu available in the main menu bar of the Settings window. Under this menu, you can find the Groups sub-menu. Click on that option.

Now, you can use the Search bar to search for the Accounting group.

From the given list, you can select the Show Full Accounting Features option.

This will open a new window as shown in the screenshot above. The name of the user can be added under the Users tab. This is how we enable full accounting features in the Community edition of Odoo. Now, you can check the Invoicing module to observe the new changes.

Here, you will get a new Accounting Dashboard that will provide an overview of the operations of the Invoicing module. The configuration options for Accounting Periods, Chart of Accounts, Taxes, and Bank Accounts will be available in the configuration panel. From the dashboard itself, it is possible to manage various journals of your accounting operations such as Customer Invoices, Vendor Bills, Miscellaneous Operations, Bank, Cash, Expenses, and many more.

Let’s check the journal for Customer Invoices available on the dashboard. Using the New Invoice option, you can create new invoices from this window.

You will get additional operation tools by clicking on the three vertical dots in the right corner of the respective journal. Here, you can see the tools available for the Customer Invoices as shown in the screenshot above. You can use these options to view Invoices, Credit Notes, and Journal Items. To create a new Invoice and a Credit Note, you can use the respective options. In order to upload an invoice to your database, you can use the Upload Invoices option. You will also get the Reporting option to perform Invoice Analysis. Using this accounting dashboard, you can monitor and control operations in one place.