Accounting module

Get to know all about the new features of Accounting in Odoo 17. After reading this blog on Odoo accounting 17 features, readers will be able to get updated knowledge on Odoo 17 accounting features and updates that have taken place in Odoo 17 accounting Software. This blog will include 56 new features of Odoo accounting software. Here are the new features of Odoo 17: 1- Accounting reports Configure Odoo accounting software reports easily: move entire sections, define the parent line by dragging and dropping, and add indents to highlight the hierarchy. 2- Allocation of invoice discounts Separate sales and granted/received discounts on invoices by posting them on different accounts. The sales lines remain unaffected, but the discount is subtracted and moved to the specified account. 3- Assets usability Assets import usability was improved. It is now possible to post assets in bulk. The status of an asset can’t be imported anymore. 4- Auto extract PDFs only Prioritize PDF attachments when using the ‘create invoice on email’ feature for sales and purchase journals. This is one of the most requested features of Odoo accounting system. 5- Auto-reconcile feature Introduction of a new wizard for auto-reconciliation. This feature of computerized accounting feature makes Odoo ERP a better software for accounting/ Bookkeeping applications. 6- Avalara geolocalization and sales tax Using Avalara’s address validation now populates geolocalization information on the partner. This information can be used to compute sales taxes. Odoo is a free online accounting software that can help to fulfill your accounting needs. Odoo is also one of the best free accounting software. 7- AvaTax, Use warehouse address in ship from information: When computing taxes with AvaTax on an invoice linked to a sales order with deliveries and pickings, Odoo now uses the warehouse address where the goods are shipped from to compute the most precise tax possible. 8- Bank reconciliation layout The bank reconciliation system has a new, clearer widget layout. Edit, delete, and print bank statements from the widget. Dashboard links are improved, and audit features can be found in the journal items view. 9- Bank statement PDF report layout The layout of the bank statement PDF report has been cleaned up. Clear layout brings in better analysis and thus contributes towards making Odoo best accounting software. 10- Bills artificial intelligence Tax and account prediction on vendor bill lines are now always activated. Product prediction can be activated in the settings. This AI-based business accounting software makes Odoo unique and well ahead of its competitors. 11- Branches management Manage business units/branches thanks to multi-company hierarchies. This makes Odoo an easy-to-use accounting software. 12- Credit and debit note buttons Simplified the invoice action buttons. Debit notes was moved to the action menu. Odoo is also one of the top cloud-based accounting software that can be easily customized according to the client’s need. 13- Cross analytic Input on multiple analytic plans to do analytic cross-reporting. This is one of the must needed features in accounting and bookkeeping software. 14- Credit limit improvement Confirmed and uninvoiced sales orders are included in a partner’s total receivables. The credit limit warning considers this new computation. This online accounting software helps a lot in getting to know all about credit limits. 15- Deferred expense/revenue report The Deferred Expense/Revenue report allows auditing any amount. The audit can differ from the reported amount, as those are theoretical computations. Any difference means there is a manual entry to generate. 16- Deferred management The management of deferred entries is now distinct from assets. Create deferred revenues and expenses without setting up deferred models in advance. Odoo is also one of the best accounting applications out there in the market. 17- Delivery date The delivery date is now a standard field on invoices. This accounting feature makes Odoo one of the top accounting software. 18- Down payment and POS The breakdown of taxes and accounts on down payment invoices remains consistent, irrespective of whether the invoice is initiated through the PoS or the Sales App. 19- Down payments tax breakdown On down payment invoices, the tax breakdown of the original sale order is now respected. 20- Early discount Improved display of due dates for early payment discounts and installments. 21- EDI format Added the EDI format and Peppol fields to the customers list view. 22- Expense receipts in journal entry attachments Expense receipts are now attached to their respective journal entries. They are also automatically included in the Datev export for the German localization. 23- Express VAT in local currency on invoices Tax computation appears in local currency on customer invoices made in foreign currency to comply with the 2010/45/EU directive. 24- Filter blank lines Added option to filter out lines at zero from fiscal reports. 25- Fleet: impact vehicle without a bill For Fleet and Accounting users, the bank reconciliation widget now allows you to specify the vehicle concerned on any manual operation. 26- Follow-up reports: missing contact info When mass processing follow-up reports, contacts with missing information are isolated and do not block the process for other contacts. This computerized accounting system makes the filtering process much easier. 27- Improve settings for tax calculation display on invoices Merged Line subtotals tax display and Rounding Method in Accounting settings. 28- Improved printed reports Printed versions of accounting reports have been improved. 29- Inter-company transactions – Attach a copy of the invoice PDF to the vendor bill A copy of the invoice is now added to the bill attachment of the counterpart company in the scope of inter-company transactions. 30- Invoice date visibility The invoice date was added to journal items, journal entries, and some reports. 31- Invoice layout overhaul The invoice layout is clearer. To satisfy the legal requirements of several countries, you can display the total amount in letters. 32- Invoice upload harmonization Harmonized invoice uploads in both Accounting and Documents. Draft credit notes can be changed to invoices. Factur-X documents detect the move type (invoice or credit note) from the Factur-X data.  33- Manual matching: partner creation Improved

Odoo + modules + list + 2024 Introduction Introduction In the realm of Enterprise Resource Planning (ERP) systems, Odoo ERP stands out as a versatile and open-source solution that caters to a wide array of business needs. At the heart of Odoo’s adaptability lies its extensive library of modules. These modules are the building blocks of Odoo, allowing businesses to tailor the ERP system to their specific requirements.  In this comprehensive guide, we will explore the complete list of Odoo modules, their functions, and how they can empower businesses to streamline operations and boost productivity. Odoo ERP is renowned for its modularity, which means you can pick and choose the modules that best align with your business processes. Whether you’re in retail, manufacturing, healthcare, education, or any other industry, there’s likely an Odoo module designed to enhance your workflow. To make this exploration more structured, we’ll categorize the list of Odoo modules into several sections. We will begin with an overview of the core Odoo modules list that come pre-installed with the ERP system, followed by an additional list of modules that cater to various aspects of business management. Then, we’ll delve into industry-specific modules that address the unique requirements of specific sectors. Furthermore, we’ll discuss the concept of custom Odoo modules, highlighting how businesses can create tailored solutions. We’ll also touch upon popular third-party modules and explore Odoo’s vast community and third-party module ecosystem. Let’s embark on this journey to uncover the rich tapestry of Odoo modules and discover how they can revolutionize the way you manage your business.  List of Core Odoo Modules in Odoo ERP The core Odoo modules are the foundation of the Odoo ERP system and provide essential functionalities for various business operations. As they are base modules of odoo, they are made common for all and are required for the basic functioning of the ERP system. These modules come pre-installed with Odoo, making them readily available for users. Here’s a list of the core Odoo modules: 1. Sales:  The Odoo Sales module is designed to manage the sales process, from lead generation to order fulfillment. It helps in tracking leads, opportunities, quotations, and sales orders. All things can be done in the Odoo Sales module. 2. Inventory: Inventory management is made efficient with this Odoo Inventory management module. It allows businesses to handle product listings, stock levels, and movements seamlessly. 3. Accounting: The Accounting module simplifies financial management, from invoicing to reconciling accounts all made simple with Odoo accounting module. It supports multi-currency transactions and provides essential financial reports. 4. Purchase: For procurement and vendor management, the Purchase module is indispensable. The purchase Odoo module streamlines purchase orders, supplier communication, and receipt of goods. 5. CRM (Customer Relationship Management): CRM is all about building and nurturing customer relationships. The Odoo CRM module aids in lead tracking, customer interactions, and managing sales pipelines. 6. Website: The website module of Odoo ERP allows businesses to create and manage their websites through Odoo. It’s a handy tool for e-commerce and content management. 7. Manufacturing: Manufacturers benefit from the Manufacturing module of Odoo ERP, which helps with production orders, work centers, and Bill of Materials (BOM). 8. Human Resources: Managing employee information, attendance, leaves, and timesheets is simplified with the Human Resources module of Odoo ERP. 9. Point of Sale (POS): The POS module of Odoo ERP turns any device into a point-of-sale terminal, facilitating retail businesses in processing sales transactions. 10. eCommerce: For online businesses, the eCommerce module provides tools to create and manage online stores, product catalogs, and shopping carts. 11. Project:  Project management becomes more efficient with this Project management module, which aids in task tracking, project timelines, and team collaboration. 12. Marketing: The Marketing module supports email marketing campaigns, lead nurturing, and automation, enhancing customer engagement. 13. Discuss (Messaging):  Odoo’s Discuss module is a built-in messaging tool that enables real-time communication among users within the system. These core modules form the fundamental building blocks of the Odoo ERP system, covering various aspects of business management. However, the flexibility of Odoo doesn’t stop here. The platform offers additional modules to cater to specific business processes and industries, which we’ll explore in the next section. Odoo Modules According to Features: While the core Odoo modules provide a solid foundation, additional modules expand the functionality of the ERP system, enabling businesses to fine-tune their operations. These additional modules are often categorized based on their functions, making it easier for users to find the ones that suit their requirements. Here’s a glimpse of some key categories of additional Odoo modules: Sales and Marketing Modules:  These modules are designed to enhance sales and marketing processes, helping businesses manage leads, automate marketing campaigns, and analyze sales performance. Inventory and Warehouse Modules:  Efficient inventory management is crucial for many businesses. These modules offer features for tracking stock levels, handling product variants, and optimizing warehouse operations. Financial and Accounting Modules:  Financial management is at the core of every business. Odoo’s financial and accounting modules enable users to handle invoicing, manage accounts, and generate financial reports with ease. Human Resources and Employee Management Modules:  Employee management modules streamline HR processes, including employee records, timesheets, leave management, and attendance tracking. Manufacturing and Production Modules:  Manufacturers can benefit from modules that provide features for production planning, Bill of Materials (BOM), work center management, and quality control. E-commerce and Website Modules:  For businesses with an online presence, e-commerce and website modules offer tools to create and manage websites, handle online sales, and engage with customers. Project and Task Management Modules:  Project managers can efficiently track tasks, manage project timelines, and collaborate with team members using these modules. Reporting and Analytics Modules:  Data is a valuable asset for decision-making. Reporting and analytics modules assist in generating insightful reports and dashboards to support data-driven decisions. Communication and Messaging Modules:  In addition to the core Discuss module, Odoo offers communication and messaging modules that enhance internal and external communication, making collaboration more effective. Integrations and Connectors:  Businesses often rely on