Chapter: 4 - Financial management aspects of vendors and customers with Odoo Accounting

Customer Management

The management of customers will be the prime objective of the operation of various businesses however, what most of them lack will be the aspects of dedicated management which will do the operations of tasks to be run with ease. The Odoo ERP is a well-defined solution that offers effective business management of the entire aspect of the company. Moreover, with dedicated aspects of business management covering all aspects of the company operations such as customer management.

Regarding the Accounting aspect of the company operations with Odoo, there is a dedicated customer management section menu available which will avail for all the operations regarding the customer management operations with regards to the Accounting aspects. The Customer's menu can be selected for the Customers tab of the Accounting module dashboard and you will be depicted with the following screenshot where the entire customer of your company, both organizations as well as individuals will be described. Viewable in Kanban as well as List view the Customers menu will depict the entire information in a well descriptive way for the users as shown in the following screenshot. In addition, with the Filter as well as Group by options available you will be able to filter out the required customer information using the default as well as custom filtering options.

Customer Management

You can select to edit the Customer details any time by selecting it from the list and to create a new Customer you can select the Create option that is available. In the Customer creation window, you have to first select whether the Customer is an Individual or a Company, then provide the Name. Further, you have to define the Company Address along with the location and the Zip Code of operation. The Tax ID should be also defined for the financial aspects of operations.

Additionally, the contact details such as the Phone and Mobile number along with the Email address and the Website link should be defined. Furthermore, the Customer Tags which have been defined in the platform can be allocated which will be defined in the Customer management aspect of the Odoo platform. You will also have the provision to create new Tags straight from this menu.

Next, we have to define the Contacts & Addresses of the respective Customer in the distinctive menu by selecting the ADD options available. You can define multiple Addresses of operations of a respective company or the individual.

Customer Management

Upon selecting to Add Contacts & Addresses you will be depicted with the following pop-up window to define the Contact. Here, initially, you have to assign which type of address is to be defined. The Contact type can be just a piece of regular Contact information, Invoice Address, Delivery Address, Other Addresses, or a Private Address. Once the Address type is being defined you now need to further define the Contact Information. The Contact Name, Address along with the country name, and the Zipcode should be defined. If any Notes regarding the respective address can also be defined along with the Email address, Phone, and Mobile number. You can add multiple Contact information for a Customer being defined for that you can choose the Save & New option or else you can choose the Save & Close option that is available.

Customer Management

All the Addresses which have been defined for the Customer will be depicted under the Contacts & Addresses tab of the Customer which has been defined. Next, we have to configure the Sales & Purchase configuration aspects of the Customer. Under the Sales tab the Salesperson, Payment Terms, and the Pricelist details should be defined. Further, you can define the Payment Terms and the Payment Method under the Purchase tab. The Fiscal Position can be defined under the Fiscal Information Tab. Additionally, the Miscellaneous aspects such as the Reference through with the Customer was obtained as well the Industry or sector in which they function can also be defined.

Customer Management

Furthermore, the Accounting aspect regarding the Customer can be defined under the distinctive Accounting tab which is available. The Accounting entry aspects such as the Account Receivable as well as the Account Payable should be defined from the drop-down menu items available.

Customer Management

The Bank Account details can be added for the business operations by selecting the Add a line option that is available if you have multiple accounts to be defined it can also be done. You can select the View Accounts details option that is available which will describe the details of the Accounts. Upon selecting the Add a line option you will be depicted with the menu as shown in the following screenshot. Here, the Account Number, Type of the Account, Bank details, ABA/Routing, Currency details, and the Account Holder Name can be described.

Customer Management

Under the Internal Notes tab, all the internal aspects of operation can be described. Here, the Primary Customer details can be described along with a Warning on the Invoice which can be a message based on the need. The Warning and the Messages can be custom-defined based on the aspects of the operation.

Customer Management

You can also select the Due amount details that have been defined by selecting the Due option that is available which will direct you to the Follow-up report menu as shown in the following screenshot. Here, the Invoice details along with the Transmission amount details will be defined. You can refer to the Follow-up section that has been defined previously in this book to have a clear understanding of the operations.

Customer Management

Furthermore, you can select the Invoiced tab to view all the Invoices of the respective customer which provides a complete information aspect as shown in the following image. The Invoice Number, Customer details, Invoice Date, Due Date, Next Activity details, Tax Excluded amount, Total, Status, Payment Status.

Customer Management

In addition, if the customer is also a partner of the company a Partner Ledger will be defined which can be viewed by selecting the Partner Ledger options in the Customer creation menu. In the Partner Ledger details such as the Invoice numbers, Journal details, Account information, References, Due Date, Matching Number, Initial Balance, Debit amount and Credit amount details will be described concerning each of the Invoices of the Ledger.

Customer Management

Once the entire aspect of the Customer has been defined the respective Customer can be saved for further operations. You will also have the provision to edit the Customer details any time you want by selecting the Customer from the list and choosing the Edit option that is available.

As we are clear on the various Customer management tools that are available in the Odoo Accounting module let's now move on to the next section of the chapter where the Vendor management aspects and the various options available in Odoo are being discussed.

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