Efficiently track and manage your expenses with Odoo Accounting’s suite of features. Safeguard your expenses and reduce manual inputs to prevent errors. Billing and expenses sync seamlessly into your finances for fast and easy management.
Billing & Expense Features
Upload paper bills using text recognition to reduce manual inputs.
Manage the entire vendor bill workflow from purchase request to payables.
Safeguard against errors in your purchase process with three-way matching.
View a snapshot of your vendor bills over time in an easy-to-read dashboard.
Keep your accounting accurate and report vendor payments in one purchase order.
Customize and print checks in batches or one at a time for non-electronic payments.
Automatically assign expenses to customers to be included in their next invoice.
Paper Bill Upload
Are you still dealing with paper bills from vendors? Skip the error-prone manual entry process. Odoo Accounting supports OCR (optical character recognition) allowing you to record a paper vendor bill from a scan or photograph into the platform.
Vendor Bill Control Process
Control when your vendor bills are valid to post to Odoo Accounting based on orders or deliveries to maintain internal control of the purchase-to-pay cycle. Manage the entire workflow from your initial purchase request to billing/payment. As an integrated system, you will be able to trace workflows back to the original source and track the histories for each transaction.
Three Way Matching
Safeguard against fraud and errors in your purchase-to-pay process by activating the Odoo Accounting three-way matching feature. Ensure you are only paying for goods and services you received with automated comparison between your invoices, purchase orders, and receiving reports.
Cash Flow Control
View a snapshot of your vendor bills in a single dashboard. Payments are broken out by outstanding open bills and paid bills over time in one easy to read chart. View your total outstanding balance, the number of open bills, and bill ages as well as view details for individual payables.
Record multiple vendor deposits in one purchase order and generate a deposit report for an overview of your payment. Odoo Accounting offers the ability to allocate deposits to a specific vendor bill to ensure that the accounting record is accurate.
Print Checks (One-time and Batch)
Create and print checks easily from Odoo Accounting to ensure that vendors who do not accept electronic payments are paid as needed. Odoo Accounting gives you the ability to process check payments for multiple vendors, print single checks, or print multiple checks in batches. Customize your check layouts, stubs, and margins for compatibility with your printer settings.
If you need reimbursement from a customer, billable expenses can help you assign an expense to a customer and add that expense to your customer’s next invoice automatically.
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And see for yourself the power of Odoo Accounting from Novobi