Accounting

  • Accounting & Financial

  • Accounting & Financial Management

    Accounting Made Easy

    Beautiful, easy, full featured

     

    accounting invoice report

    Elegant and full featured, our accounting software is for businesses of any size. Odoo Accounting offers a better way for your accounting team to work with customers and suppliers.

    Activate features on demand; from integrated analytic accounting to budget, assets and multiple companies consolidation.

     

    Smart User Interface

     

    Record transactions in a few clicks and easily manage all financial activities in one place. Odoo's user interface is designed with productivity in mind.

    accounting smart interface

     

    Better Way To Work Together

     

    billing paid faster

    Share access to your latest business numbers with your team and your accountants - so everyone is up to date with all new information and changes.
    From work, home or on the go.

     

    Connect Your Bank Accounts

     

    Import your bank statements and reconcile them in just a few clicks. Prepare payment orders based on your supplier invoices and payment terms.

    billing bank account

     

    Get Paid Faster

    Electronic invoicing and automated follow-ups

     

    billing online payment

    Create and send professional invoices and receive payments online. No need to send reminders to your debtors - simply set-up and automate follow-ups to get paid more quickly.

     

    Sales Integration

     

    Automatically create invoices from sales orders, delivery orders or base them on time and material. Invoice expenses on projects to your customer in just a few clicks.

    accounting sales integration

     

    Purchase Integration

     

    accounting purchase integration

    Control supplier invoices based on purchase orders. Get real-time inventory valuation reports automatically posted in your accounts.

     

    Multi-Level Analytic Accounting

     

    Integrate your analytic accounting operations with timesheets, projects, invoices, expenses, etc. No need to record transactions, all analytic entries are posted automatically following your business rules.

    accounting analytic

     

    Everything You Need to Grow

     

    account erverything you need

    Manage your assets, track expenses, control budgets, multi-level analytic accounting; Odoo has all the features you need to keep your business running smoothly.

     

    Scale With Your Organization

    Used by very small to very large organizations

     

    Odoo supports multiple currencies, multiple users with different access rights, multiple companies with real-time consolidation and unlimited analytic plans.

    website access right

     

    Dashboard & KPIs

     

    accounting analytic

    Get direct access to key information with dynamic and customizable dashboards. Analyse your financial activities with the drill-up, drill-down, drill-across and filter features.

  • Accounting & Financial Management Solution

    Solution overview

    ERPOnline provides awesome, elegant and full featured cloud-based accounting software with analytic accounting, budgets, consolidation. The solution is designed for businesses of any size offering a better way for your accounting team to work with customers and suppliers. Activate features on demand; from integrated analytic accounting to budget, assets and multiple companies consolidation.

    Integrated Apps & Modules

    Billing & Accounting

    Billing based on quotations, timesheets or delivery orders, fixed price or time and materials contracts, full-fledged accounting including assets, expenses, bank statements, reporting, dashboards.
    Learn more...

    Analytic Accounting

    Analytic accounts are linked to general accounts but are treated totally independently. So, you can enter various different analytic operations that have no counterpart in the general financial accounts
    Learn more...

    Warehouse Accounting

    Link between the 'stock' and 'account' modules and allows you to create accounting entries to value your stock movements
    Learn more...

    Payroll Accounting

    Allows integration between HRM's payroll system and accounting system for Expense Encoding, Payment Encoding, Company Contribution Management.
    Learn more...

    Sales Integration

    Sales payments and invoices can be posted into accounting system without or without human interaction. No double input which could cause wrong things due to human error.
    Learn more...

    Purchase Integration

    Payments to supliers adn supplier invoices can be posted into accounting system without or without human interaction. No double input which could cause wrong things due to human error.
    Learn more...

    MRP Integration

    Automatically create accounting entries for each and every raw material consumption. Encode manufacturing operations into accounting system with no effort.
    Learn more...

    HRM Integration

    Automatically creates accountring entries (in draft state) for accountants' reviews when confirmation of salary payslips, employee expenses, etc.
    Learn more...

    Respect country specific

    The solution supports for more than 50 country specific charts of accounts. It also provides users with ability to create their own chart of accounts from scratch in case their country support is not built-in yet.

    Reports and Analysis

    Provides rich and user friendly reports and analysis to help company get insights of the business and its operation in a few clicks

  • Accounting Consistency Tests

    Asserts on accounting.

    With this module you can manually check consistencies and inconsistencies of accounting module from menu Reporting/Accounting/Accounting Tests.

    You can write a query in order to create Consistency Test and you will get the result of the test in PDF format which can be accessed by Menu Reporting -> Accounting Tests, then select the test and print the report from Print button in header area.

  • Accounting Entries

    Various methods can be used to create accounting entries. You have already seen how an invoice creates its own entries, for example.

    This section deals with

    • Managing bank statements.
    • Managing cash.
    • Manual journal entries.
  • Accounting Workflow and Automatic Invoice Creation

    The chart Accounting workflow for invoicing and payment shows the financial workflow followed by each invoice. In general, when you use all of Odoo ERPOnline's functionality, invoices do not need to be entered manually. Draft invoices are generated automatically from other documents such as Purchase Orders.

  • Analytic Accounting

    Module for defining analytic accounting object.

    In Odoo ERPOnline, analytic accounts are linked to general accounts but are treated totally independently. So, you can enter various different analytic operations that have no counterpart in the general financial accounts.

    Other features can be activated on demand by installing other extensions such as Purchase Analytic Plans to integrate Purchase Management, Sales Analytic Plans to integrate Sales Management

  • Analytic Accounts

    Sitting at the heart of your company's processes, analytic accounts (or cost accounts) are indispensable tools for managing your operations well. Unlike your financial accounts, they are for more than accountants - they are for general managers and project managers, too.

    You need a common way of referring to each user, service, or document to integrate all your company's processes effectively. Such a common basis is provided by analytic accounts (or management accounts, or cost accounts, as they are also called) in Odoo ERPOnline

  • Analytic Analysis

    There are various reports designed for financial analysis based on the analytic accounts. Most of these reports are available directly from the tree of analytic accounts or from the form view of the analytic account.

    From the Accounting > Configuration > Analytic Accounting > Analytic Accounts menu, select one or more analytic accounts and then click one the Print button at the centre of the screen. Odoo ERPOnline provides the following financial analyses from the analytic accounts (and maybe more, depending on the additional installed modules):

  • Analytic Entries

    Integrated with General Accounting

    Just as in general accounting, analytic entries should be related to an account and an analytic journal. Analytic records can be distinguished from general records by the following characteristics:

    • They are not necessarily legal accounting documents.
    • They do not necessarily belong to an existing accounting period.
    • They are managed according to their date and not an accounting period.
    • They do not generate both a debit and a credit entry, but a positive amount (income) or a negative amount (cost).
  • Anglo-Saxon Accounting

    This module supports the Anglo-Saxon accounting methodology by changing the accounting logic with stock transactions.

    The difference between the Anglo-Saxon accounting countries and the Rhine (or also called Continental accounting) countries is the moment of taking the Cost of Goods Sold versus Cost of Sales. Anglo-Saxons accounting does take the cost when sales invoice is created, Continental accounting will take the cost at the moment the goods are shipped.

    This module will add this functionality by using a interim account, to store the value of shipped goods and will contra book this interim account when the invoice is created to transfer this amount to the debtor or creditor account. Secondly, price differences between actual purchase price and fixed product standard price are booked on a separate account.

  • Asset Management

    Financial and accounting asset management. To manage the assets owned by a company or an individual and to keep track of depreciation occurred on those assets. Also allows to create accounting moves of the depreciation lines.

    You can manage your assets and accounting related to those assets using account_asset module. Using the menu Settings > Accounting > Account, Accounting & Finance tick Assets management and click on Apply button for install the account_assert module.

  • Assets Management

    Financial and accounting asset management.

    This Module manages the assets owned by a company or an individual. It will keep track of depreciation's occurred on those assets. And it allows to create Move's of the depreciation lines

  • Bank Statement Extensions to Support e-banking

    Module that extends the standard account_bank_statement_line object for improved e-banking support.

    This module adds:

    • valuta date
    • batch payments
    • traceability of changes to bank statement lines
    • bank statement line views
    • bank statements balances report
    • performance improvements for digital import of bank statement (via 'ebanking_import' context flag)
    • name_search on res.partner.bank enhanced to allow search on bank and iban account numbers
  • Budgets Management

    This module allows accountants to manage analytic and crossovered budgets.

    Once the Budgets are defined (in Invoicing/Budgets/Budgets), the Project Managers can set the planned amount on each Analytic Account.

    The accountant has the possibility to see the total of amount planned for each Budget in order to ensure the total planned is not greater/lower than what he planned for this Budget. Each list of record can also be switched to a graphical view of it.

    Three reports are available:

    1. The first is available from a list of Budgets. It gives the spreading, for these Budgets, of the Analytic Accounts.
    2. The second is a summary of the previous one, it only gives the spreading, for the selected Budgets, of the Analytic Accounts.
    3. The last one is available from the Analytic Chart of Accounts. It gives the spreading, for the selected Analytic Accounts of Budgets.
  • Configuring Accounts from A to Z

    Accounts have be configured to meet your company's needs. This chapter explains how to modify your chart of accounts, journals, access rights, initial account balances and default values for the initial configuration of your Odoo ERPOnline accounts.

    Good accounting software requires great usability and simplicity of data entry, as well as flexibility in configuring its different components. You should be able to easily modify the accounting module to meet your own needs, so that you can optimise it for the way you want to use it.

  • Contracts Management

    This module is for modifying account analytic view to show important data to project manager of services companies.

    Adds menu to show relevant information to each manager.You can also view the report of account analytic summary user-wise as well as month-wise.

  • Customer Invoicing & Payments

    Odoo ERPOnline provides various features to keep track of your invoicing and payments. The simple workflow of invoicing, with efficient encoding of the payment process of your customers, makes Odoo ERPOnline more adoptable. In this section, we discuss two processes, the easy workflow for non-accountants who just want to keep track of their payments, and the complete accounting section. Note that only the customer process will be described, but of course Odoo ERPOnline offers equal invoicing and payment methods for suppliers.

  • Financial Analysis

    Whether you want to analyze the general health of your company or review the status of an Account Receivable in detail, your company's accounts are the place to define your various business indicators.

    To show you the most accurate picture of your business, Odoo ERPOnline's accounting reports are flexible, and the results are calculated in real time. This enables you to automate recurring actions and to change your operations quickly when a company-wide problem (such as cash reserves dropping too low or receivables climbing too high) or a local problem (a customer that has not paid, or a project budget overspend) occurs.

  • Getting Started with Odoo ERPOnline

    The following sections present an overview of the main functions of Odoo ERPOnline. Some areas are covered in more detail in the following chapters of this book and you will find many other functions available in the optional modules. Functions are presented in the order that they appear on the main menu.

  • Invoices

    In Odoo ERPOnline, the concept of “invoice” includes the following documents:

    • The Customer Invoice.
    • The Supplier Invoice.
    • A Customer Credit Note or Customer Refund.
    • A Supplier Credit Note or Supplier Refund.

    Only the invoice type and the representation mode differ for each of the four documents. But they are all stored in the same object type in the system. You get the correct form for each of the four types of invoice from the menu you use to open it. The name of the tab enables you to tell the invoice types apart when you are working on them.

  • Multiple Analytic Plans

    This module allows to use several analytic plans according to the general journal.

    Here multiple analytic lines are created when the invoice or the entries are confirmed.

    For example, you can define the following analytic structure:

    • Projects
      • Project 1
        • SubProj 1.1
        • SubProj 1.2
      • Project 2
    • Salesman
      • Eric
      • Fabien

    Here, we have two plans: Projects and Salesman. An invoice line must be able to write analytic entries in the 2 plans: SubProj 1.1 and Fabien. The amount can also be split.

    The following example is for an invoice that touches the two subprojects and assigned to one salesman:

    • Plan1
      • SubProject 1.1: 50%
      • SubProject 1.2: 50%
    • Plan2
      • Eric: 100%

    So when this line of invoice will be confirmed, it will generate 3 analytic lines,for one account entry.

    The analytic plan validates the minimum and maximum percentage at the time of creation of distribution models.

  • Opening and Closing a Financial Year

    At the end of a financial year, you will have to transfer the closing balance of that year as an opening balance to the new financial year. OpenERP allows you to automatically post such an entry. You can transfer the new opening balance numerous times, because it is impossible to close a year at once. Correction entries will have to be made, due to which balances will change. The new balance can easily be transferred through a wizard, so you do not have to keep track of each correction entry made in the previous financial year. The procedure below is valid if you already have a financial year with entries in Odoo ERPOnline.

  • Payment Follow-up Management

    Module to automate letters for unpaid invoices, with multi-level recalls.

    You can define your multiple levels of recall through the menu:

    • Configuration / Follow-up / Follow-up Levels

    Once it is defined, you can automatically print recalls every day through simply clicking on the menu:

    • Payment Follow-Up / Send Email and letters

    It will generate a PDF / send emails / set manual actions according to the the different levels of recall defined. You can define different policies for different companies.

    Note that if you want to check the follow-up level for a given partner/account entry, you can do from in the menu:

    • Reporting / Accounting / **Follow-ups Analysis
  • Payroll Accounting

    Generic Payroll system Integrated with Accounting.

    • Expense Encoding
    • Payment Encoding
    • Company Contribution Management
  • Products Expiry Date

    Track different dates on products and production lots.

    Following dates can be tracked:

    • end of life
    • best before date
    • removal date
    • alert date

    Also implements the removal strategy First Expiry First Out (FEFO) widely used, for example, in food industries.

  • Purchase Analytic Plans

    The base module to manage analytic distribution and purchase orders.

    Allows the user to maintain several analysis plans. These let you split a line on a supplier purchase order into several accounts and analytic plans.

  • Sales Analytic Distribution

    The base module to manage analytic distribution and sales orders.

    Using this module you will be able to link analytic accounts to sales orders.

  • Suppliers Payment Management

    Module to manage the payment of your supplier invoices.

    This module allows you to create and manage your payment orders, with purposes to

    • serve as base for an easy plug-in of various automated payment mechanisms.
    • provide a more efficient way to manage invoice payment.

    Warning:

    The confirmation of a payment order does _not_ create accounting entries, it just records the fact that you gave your payment order to your bank. The booking of your order must be encoded as usual through a bank statement. Indeed, it's only when you get the confirmation from your bank that your order has been accepted that you can book it in your accounting. To help you with that operation, you have a new option to import payment orders as bank statement lines.

  • VAT Number Validation

    VAT validation for Partner's VAT numbers.

    After installing this module, values entered in the VAT field of Partners will be validated for all supported countries. The country is inferred from the 2-letter country code that prefixes the VAT number, e.g. BE0477472701 will be validated using the Belgian rules.

    There are two different levels of VAT number validation:

    • By default, a simple off-line check is performed using the known validation rules for the country, usually a simple check digit. This is quick and always available, but allows numbers that are perhaps not truly allocated, or not valid anymore.
    • When the "VAT VIES Check" option is enabled (in the configuration of the user's Company), VAT numbers will be instead submitted to the online EU VIES database, which will truly verify that the number is valid and currently allocated to a EU company. This is a little bit slower than the simple off-line check, requires an Internet connection, and may not be available all the time. If the service is not available or does not support the requested country (e.g. for non-EU countries), a simple check will be performed instead.

    Supported countries currently include EU countries, and a few non-EU countries such as Chile, Colombia, Mexico, Norway or Russia. For unsupported countries, only the country code will be validated.

  • Warning Messages and Alerts

    Module to trigger warnings in Odoo ERPOnline objects.

    Warning messages can be displayed for objects like sale order, purchase order, picking and invoice. The message is triggered by the form's onchange event.

  • WMS Accounting

    WMS Accounting module

    This module makes the link between the 'stock' and 'account' modules and allows you to create accounting entries to value your stock movements

    Key Features

    • Stock Valuation (periodical or automatic)
    • Invoice from Picking

    Dashboard / Reports for Warehouse Management includes:

    • Stock Inventory Value at given date (support dates in the past)
ERPOnline is a cloud-based solution that hosts the most popular Enterprise Resources Planning solution - Odoo. With ERPOnline, Odoo deployment has never been easier. Consumers are offered with a great possibility to deploy Odoo in one click and run it fast, securely with neither hardware investment nor software installation on individual computers nor any IT effort.

The company

T.V.T Marine Automation Co., Ltd
#40 An Lac 2, So Dau ward, Hong Bang distr., Hai Phong city
Vietnam
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