ODOO in Accounting
Accounting is undoubtedly one of the crucial departments in any kind of industry/company. ODOO/OpenERP assists the companies in all accounting related process, and has numerous specifications which provide end-to-end solutions from simple to complicated functions like: Invoicing, Bank reconciliation, Multi-language support, managing contact registers, etc.
List of features of ODOO ERP for accounting industry.
In this ODOO module, creation of invoices are possible without spending much time, recurring bills/invoice are managed, payments are easily tracked. Invoices can be automatically created from sales orders and delivery orders.
With ODOO ERP, bank reconciliation propositions are generated automatically. 95% of payments and invoices are automatically matched by the ODOO module, thus minimizing the work load.
In ODOO ERP, currency rates are automatically updated every day, and also statements like: VAT statement, Profit & Loss statement, Balance Sheet, Intrastat reports, etc., are available country-specific.
With this ODOO module, assets and depreciation boards can be tracked easily and also amortization entries are generated automatically. ODOO ERP supports tax computations in a wide range, which includes tax on taxes, partial exemptions, percentage, etc.