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Efficiently handle your finances with Odoo

A business is about numbers, and finances play the most vital role in running it. The Accounting and Finance sectors have come a long way over the years. With the latest innovations in software, finance handling has become easy and efficient. Most enterprises use widely available software to suit their business needs.

How we do business has also changed with the advent of the internet. Online sales, marketing, and inventory lead to online finance software. The latest in business software is cloud-based software that enables you to run a business from anywhere in the world.

Odoo is one of the best cloud-based software today. It is a suite of open-sourced business apps suitable for all your business needs. The wide array of apps - each dedicated to one aspect of a business process, make it a popular choice. The fundamental functionality of this software is its ability to integrate all the apps seamlessly. What this gives you as a businessperson is a tremendous advantage.

You can select any number of the available apps from the Odoo suite to suit your business needs. This ability to add new functionality to your business software whenever needed is fantastic. Odoo has apps for Finances, Sales, Inventory, Marketing, HR, along with Websites, Services, and Productivity.

Let's look at the Finances apps and what they offer a business enterprise.

The Finance apps is a rich suite with software for Accounting, Invoicing, Expenses, Spreadsheets, Documents, and Sign.

Accounting

The Odoo Accounting app saves you time and effort with a fantastic user interface. With an easy setup, you are ready to go in no time. It saves time on data entry, so you don't need to create invoices manually or send printed copies across. You can sync your bank statements with your bank automatically to further save time. The Accounting app easily creates customer invoices and supports multiple, advance, and part payments. Sort your business needs with online payment gateway options. Keep track of overdue payments and use automated follow-up letters for customers. Get reports on your business transactions with options to filter, annotate, zoom, and compare data.

Invoicing

Keep your invoices in order with an efficient Invoicing app from Odoo. Create professional-looking invoices with simple steps and send them across to your clients with ease. You have the option to turn them into PDFs or print out hard copies for use. Always be on track with your payments by accepting online payments through various payment gateways.

Expenses

Managing employees' expenses is a herculean task for any organization. It includes their travel expenses, office supplies, and other miscellaneous expenses. With Odoo's Expenses app, tracking all this information is simple yet efficient. It lets you create receipts and expense submissions quickly. Employees can upload copies of receipts and save time in recording data. As a manager, you can then validate each item to accept or decline it. Accountants in charge of the finances can record final data and process them. The Expenses app fully integrates with Employees, Project, Invoicing, and Fleet apps.

Spreadsheet

Take your business to the next level with the power of Odoo Spreadsheet. Use it to make projections and analyze data based on your financial statistics. With Spreadsheet, your data is always up-to-date, which helps you make informed business decisions. A conditional formatting option lets you track critical problems at the right time. Powerful filtering options are another source of successful data analysis. Use all this information and get a visual understanding of your business strategies with graphs. With Spreadsheet fully integrated with Sales, Accounting, Subscriptions, and Documents apps, your business runs smoothly and efficiently.

Documents and Sign

Managing all the documents related to your business just got easy with the Odoo Documents app. Here you can share, categorize, and send business documents quickly. It is easy to create specific documents for use by various organizational departments. This app integrates with the Sign app to make your life easier. Signatures on documents can now be done online and sent across the right channel. The benefit is a paperless organization! It saves time, reduces costs and errors. The documents signed via Odoo Sign meet the legal requirements and are valid under EU Regulation 910/2014 (eIDAS), in and US ESIGN Act.

Implementing Odoo for your business is a smart move. So, take the next step and give your business that edge today.

AppsComp is an Odoo partner company with a strong team of professionals for Odoo implementation. Talk to us today, and we will help your business get stronger.

Send us an email at hello@appscomp.com for more info.