Accounting
Keeping a systematic record of the financial information is very important in every organization. All the financial transactions made on the company behalf, the financial performance of particular periods and cash flows are to be recorded. Accounting enables the creation of a record of the financial information as well as can be used as a report on the organization’s performance. Manually handling the account processes can be tiring and a burden for the employees. Having an automated and efficient accounting tool for the business will ease the work.
Odoo 15 Accounting module ensures to be the best and efficient tool for accounting processes. Its dynamic account management, advanced features and user friendly tools makes it outstanding from all the other accounting softwares. Managing the processes and real time data operations serves as the key feature of the Accounting module. The dashboard of the Accounting module acts as a guide of the procedures and allows you to make quick accounting processes. The major functions you can execute using the Odoo 15 Accounting module are :
- Managing customer invoices
- Managing vendor bills
- Payments
- Follow up operations
- Budget management
- Quick reconciliation
- Quantitative and analytical report generation
- Configuration of the procedures
A lot of time can be saved by using the Odoo 15 Accounting module. The friendly user interface guides throughout the procedures. Creating and sending invoices to the customers can be directly done with the module. The supplier’s invoices and employee expenses can also be tracked and paid. All the payment data from other modules of Odoo will be automatically recorded in the Accounts module.
The bank statements of the company can be imported directly into the platform using the bank reconciliation feature of Odoo 15. The constant report generation of different aspects of accounting helps the company in deciding the further plans and budgets. The performance reports, position reports, cash reports, detailed reports and management reports act as the guide and help in indicating the financial position of the company.