Accounting is one in all the foremost very important and essential aspects of each business. correct accounting management will have a right away impact on the corporate profit and may cut back losses. Managing the accounting tasks of a corporation isn’t that simple particularly once it’s done manually.
Manual accounting management will even increase the chance of errors and may adversely have an effect on the corporate revenue and therefore the overall business performance. Now, here comes the role of associate degree ERP for managing accounts. And during this case, Odoo ERP stands bent be the simplest ERP resolution for accounting management.
Odoo’s latest version, Odoo fifteen comes with a separate, new, and improved Accounting module for automating and with efficiency managing the accounting calculations, creating this quicker, easier and reducing the chance of errors and information redundancy.
Here area unit the options of the Odoo fifteen Accounting module, made public by associate degree knowledgeable in Odoo in Australia.
Dynamic accopunting management:
Odoo version 15’s Accounting module helps with clean and dynamic accounting management. The dashboard of this module is supplied with easier and advanced accounting management options. The dashboard guides the users with the accounting procedures and offers grouping and filtering choices.
With this feature, you’ll be able to manage the tax returns and even put together the accounting periods. you’ll be able to conjointly record the initial balances and established the charts of accounts. Considering the reviews of the accounting charts, you’ll be able to conjointly set the default taxes for sales and get transactions. In straightforward words, you’ll be able to say that this well-organised dashboard provides access to most of the accounting operations.
Easy integration with the opposite modules:
For managing the accounting tasks, you’ll would like completely different information from the opposite modules moreover. And this new Accounting module of Odoo fifteen permits simple and fast integration with the opposite modules.
Customer accounting management:
At the ‘Customers’ tab of this Accounting module, you’ll be able to with efficiency manage your customers’ invoices, payments, credit notes, batch payments, direct debit mandates, follow up reports, product and customers. The customers’ list also can be updated and new customers is additional to the list moreover. The follow-up reports of the purchasers and therefore the invoices is simply dead.
Vendor accounting management:
The money tasks {and the|and therefore the|and conjointly the} accounting operations that area unit associated with the vendors’ accounting is also managed simply through this new and advanced Odoo fifteen Accounting module. reckoning on the product delivered and ordered from and to the vendors, seller bills is currently mechanically generated. Also, just in case you would like to exchange any product, you’ll be able to opt for the refund choices and request to refund the number. creating payments and pursuit the standing of identical is additionally created simple with this Odoo fifteen accounting module. you’ll be able to update the seller list moreover.
Dynamic money statements:
At the ‘Accounting’ tab of this new module, users also can get a read of varied money statements. Ledger and journal entries associated with sales, purchases, cash, back payments, etc., is simply viewed and checked with this. you’ll be able to conjointly produce automatic transfer entries and may read the automated transfers created before moreover. you’ll be able to even produce multiple budgets and may check and track the budgets sporadically. Managing delayed revenues and expenses is done through Odoo fifteen Accounting module moreover.
To conclude, Odoo version 15’s Accounting module is thought-about because the good and comprehensive resolution for digitising accounting operations. With the advanced options of this module of the ERP, managing your business accounts are going to be a bit of the cake. For More information visit wire media!