Odoo is a highly developed and user-friendly enterprise resource planning system that is currently used as enterprise management software around the world. Odoo has been widely adopted by various business establishments due to its dedicated infrastructure and operational capabilities. Local features that Odoo advertises or claims to be features can be considered as the most important and best features of Odoo as they allow business organizations to operate according to their location and country of operation.
With the localization function of the Odoo platform, you can set taxes according to the country where you do business. Based on the location, the Odoo accounting module helps you define various taxes, including sales tax, purchase tax, service tax, GST, VAT, cess, and many more. Odoo's accounting module has a separate menu window where these settings can be configured. The currency in which the business is conducted is another factor considered as an aspect of localization. The Odoo platform helps you set the base currency based on the country selected in the Odoo configuration.
In addition, Odoo allows the use of multiple currencies in business operations, which contributes to the smooth operation of international companies. Additionally, invoicing and invoicing are based on regional or national practices, and companies operating there should be able to adapt to this method. On the Odoo platform, you can define various billing restrictions and functions and save them as templates for later use. The localization function is also in other Odoo modules, for example, the purchase management module, where product descriptions and purchases can be made according to the requirements of the law and with the permission of the relevant authorities. Similar elements can be observed in Odoo's sales module, where companies operating in the region must comply with regional standards and regulations. Odoo's buy and sell modules include unique configuration menus and options that allow you to localize these features.
The platform's support for multiple languages is an additional part of Odoo's localization component, which is useful for international companies. Any language can be added to Odoo processes, and the language settings can be quickly adjusted according to your needs. Based on the peculiarities of the localization of the region, HR management must also be functional. On the Odoo platform, the recruitment procedure and other HR functions can be defined according to the guidelines of the regional administration. In Odoo, you can set other features such as working hours, working days, paid days off, and holidays. Now that we are clear about the localization aspect of the Odoo platform let's understand the customizable options available in the accounting module of the Odoo platform.