Top 13 New Features in Accounting App in Odoo 17

Cybrosys Technologies

29-11-2023

1. Auto Extract PDFs only

Prioritize PDF attachments when using the 'create invoice on email' feature for sales and purchase journals.

Accounting App

2. Avalara Geolocalization & Sales Tax

Using Avalara's address validation now populates geolocalization information on the partner. This information can be used to compute sales taxes.

Accounting App

3. Bills Artificial Intelligence

Tax and account prediction on vendor bill lines are now always activated. Product prediction can be activated in the settings.

Accounting App

4. Accounting Reports

Configure accounting reports more easily: move entire sections, define the parent line by dragging and dropping, and add indents to highlight the hierarchy.

Accounting App

5. Down Payments Tax Breakdown

On down payment invoices, the tax breakdown of the original sale order is now respected.

Accounting App

6. Express VAT in Local Currency on Invoices

Tax computation appears in local currency on customer invoices made in foreign currency to comply with the 2010/45/EU directive.

Accounting App

7. Improve Settings for Tax Calculation Display on Invoices

Merged Line subtotals tax display and Rounding Method in Accounting settings.

Accounting App

8. Payment Scamming Protection

To prevent users from sending money to potential scammers, vendor bank account numbers must be marked as trusted before they can be used to make an outgoing payment.

Accounting App

9. User-Friendly Bank Synchronization

Bank synchronization flows have been simplified. Buttons and alerts are displayed on the dashboard. Email notifications are sent to the account holder.

Accounting App

10. Bank Reconciliation Layout

The bank reconciliation system has a new, clearer widget layout. Edit, delete, and print bank statements from the widget. Dashboard links are improved, and audit features can be found in the journal items view.

Accounting App

11. Credit & Debit Note Buttons

Simplified the invoice action buttons. Debit notes was moved to the action menu.

Accounting App

12. Down Payment & POS

The breakdown of taxes and accounts on down payment invoices remains consistent, irrespective of whether the invoice is initiated through the PoS or the Sales App.

Accounting App

13. Report Loading Speed

Introduced a new prefix group mechanism to improve the loading speed of accounting reports on large databases.

Accounting App