Automation of monthly and/or annual entries
Although we try with all our heart not to make mistakes, humans will always make them (even the most efficient among us). Automating accounting entries helps reduce human errors and thus saves valuable time, which is significant when running a business. This is fortunate, as Odoo offers powerful tools to set up automatic entries, ensuring that your accounts are always up to date and without manual effort.
Odoo indeed allows you to configure and automate entries. Manage multi-year contracts, automate the entries of deferred revenues and expenses, and get a clear overview of your recurring revenues and expenses.
Learn more in our webinar on the topic!
Depreciation Management
Depreciation is the process of allocating the cost of an asset over its useful life. It is essential for accurate asset accounting. As a result, Odoo makes it easy to calculate and track, allowing you to clearly see the depreciation of your assets over time. Furthermore, good management provides accurate data to your accountants for the preparation of your financial statements. No need to tell you that our CPAs love this feature.
Robust features
With Odoo's tracking features, managing depreciation has never been easier:
With the module, do among other things:
- The creation of assets (adding and categorization) from the supplier invoice or directly in the accounting management section;
- From the planning to the creation of your amortization schedule and the setting up of automatic calculations;
- The tracking of depreciation with these useful features:
- Automatic accounting entries
- Real-time tracking (yes yes, EVERY asset, in real time)
- The creation of detailed reports
Management of Financial Advances
Fees paid in advance
Advance payments can complicate things, but with Odoo, managing them becomes a breeze. With dedicated tools, you can indeed plan and track these expenses, ensuring accurate and transparent accounting.
Advance payments received
Managing deferred revenue is crucial for healthy accounting. Odoo offers features that allow you to track and manage this revenue effectively, helping you maintain a clear view of your finances.
New Approach With V17
Version 17 of Odoo brings significant improvements in the management of prepaid expenses and deferred revenues. We will explore these new features and how they can further enhance your accounting experience during our webinar on the subject.
Webinar on Advanced Accounting Features
As always, the key words for working with Odoo are efficiency and real-time. Our team, made up of accountants who have tested the tool, is preparing a webinar on the subject. Our specialist will explain the different features, the important elements, and may even offer you support following the training.
Don't miss our webinar to discover in detail how these tools can transform your accounting. Register now and don't forget to prepare your questions for our experts (what better way to learn more than a dynamic webinar?).
Optimize and automate your accounting processes with Odoo