Odoo Accounting helps you to manage easily your daily accounting and have a global view of the state of your business at any time.
All financial activities can be managed in one single app. An automation for the basic day to day tasks is possible. The app is synchronized with 24,000 banks which makes easier to link the payment with the statements based on the transaction on your bank account. The reconciliation can be also done by importing the statement files (OFX, QIF, CSV or Coda).
Accounting Automation: In order to facilitate the accounting management, Odoo automatizes a series of tasks such as the creation of draft invoices based on the sales orders. The manager just needs to validate the invoice if the sales order is correct, instead of creating himself a new invoice.
Payment: Odoo supports the main payment gateways: Authorize.net, Ingenico, Paypal, Adyen, etc. In addition, it is possible for the company to use an automatic email system to remind the customers to pay their delayed invoices. You can also have at any time a clear view of your overdue payment and the future one.
Multi-adaptations: The app supports multi-currencies. The exchange rate is updated daily. It works with multiple users based on the access rights. If you want to use Odoo for multiple companies, it is also possible with different journals based on the different companies or by departments for instance.
Performance reports: It is possible to analyze your performance through the different reports generated by the app. In addition, Odoo integrates all the best practices KPI's by default in order to improve your performance.
Moreover, Accounting is fully integrated with the Sales, Inventory, E-commerce, Purchase apps and the customer portal.