{"id":2038,"date":"2022-03-22T12:25:54","date_gmt":"2022-03-22T12:25:54","guid":{"rendered":"https:\/\/www.confianzit.com\/cit-blog\/?p=2038"},"modified":"2022-10-31T17:53:21","modified_gmt":"2022-10-31T17:53:21","slug":"what-is-odoo-accounting-and-its-main-benefits","status":"publish","type":"post","link":"https:\/\/www.confianzit.com\/cit-blog\/what-is-odoo-accounting-and-its-main-benefits\/","title":{"rendered":"What Is Odoo Accounting and Its Main Benefits?"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;3.22&#8243;][et_pb_row _builder_version=&#8221;4.9.4&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; hover_enabled=&#8221;0&#8243; column_structure=&#8221;2_3,1_3&#8243; sticky_enabled=&#8221;0&#8243;][et_pb_column type=&#8221;2_3&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.9.4&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243; module_class=&#8221;blog-left-content&#8221;]<\/p>\n<p><!-- divi:paragraph -->ERP (enterprise resource planning) software is essential for any business that doesn\u2019t want to waste time, money, and resources. But even if you know you want to use an ERP, it can be a lot to sift through all the different components to ensure it\u2019s a good fit for you and your company.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph -->Accounting is the lifeblood of any business. It\u2019s the difference between a successful business and one in the red. Therefore, accounting software is one of the most important elements to examine when determining if an ERP is suitable for you.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph --><a href=\"https:\/\/www.confianzit.com\/odoo-demo\" class=\"rank-math-link\">Odoo<\/a> is a popular open-source accounting software. It is a complete package that gives you access to all the tools you need to manage your business.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph -->This article will go over Odoo accounting\u2019s features and what it can bring to your business.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:heading --><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.confianzit.com\/cit-blog\/what-is-odoo-accounting-and-its-main-benefits\/#What_Is_Odoo\" title=\"What Is Odoo?\">What Is Odoo?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.confianzit.com\/cit-blog\/what-is-odoo-accounting-and-its-main-benefits\/#Pricing_for_Odoo_ERP\" title=\"Pricing for Odoo ERP\">Pricing for Odoo ERP<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.confianzit.com\/cit-blog\/what-is-odoo-accounting-and-its-main-benefits\/#What_is_Odoo_Accounting\" title=\"What is Odoo Accounting?\">What is Odoo Accounting?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.confianzit.com\/cit-blog\/what-is-odoo-accounting-and-its-main-benefits\/#Odoo_Accounting_Features\" title=\"Odoo Accounting Features\">Odoo Accounting Features<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.confianzit.com\/cit-blog\/what-is-odoo-accounting-and-its-main-benefits\/#How_To_Use_the_Odoo_Accounting_Dashboard\" title=\"How To Use the Odoo Accounting Dashboard\">How To Use the Odoo Accounting Dashboard<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.confianzit.com\/cit-blog\/what-is-odoo-accounting-and-its-main-benefits\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.confianzit.com\/cit-blog\/what-is-odoo-accounting-and-its-main-benefits\/#Talk_to_our_experts_now\" title=\"    Talk to our experts now  \">    Talk to our experts now  <\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.confianzit.com\/cit-blog\/what-is-odoo-accounting-and-its-main-benefits\/#Talk_To_Our_Experts_Now\" title=\"Talk To Our Experts Now\n\t\">Talk To Our Experts Now\n\t<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_Odoo\"><\/span><a href=\"https:\/\/www.confianzit.com\/odoo-erp\" class=\"rank-math-link\">What Is Odoo?<\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><!-- \/divi:heading --><\/p>\n<p><!-- divi:paragraph -->Odoo is a cloud-based business management software that offers accounting, inventory, CRM, e-commerce, and other business tools. It was released in 2005 and is now one of the most popular ERPs, with 4.5 million users.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph -->While <a href=\"https:\/\/www.confianzit.com\/odoo-demo\" class=\"rank-math-link\">Odoo<\/a> has a lot of big-ticket clients, it\u2019s also a favorite of a lot of smaller companies. This is because <a href=\"https:\/\/www.confianzit.com\/cit-blog\/odoo-15-features\/\" class=\"rank-math-link\">Odoo has a wide range of features<\/a> that make it great for small to medium businesses.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph -->Some of the key benefits of using Odoo are:<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:list --><\/p>\n<ul>\n<li><strong>Easy to use<\/strong>: Odoo is easy to install and set up. An expert can set up and configure the software in less than an hour.<\/li>\n<li><strong>Low cost<\/strong>: Odoo is affordable for small and medium-sized businesses with a low cost per user per month.<\/li>\n<li><strong>Scalable<\/strong>: The software can be used by any size company at any point in time as it scales with your business needs.<\/li>\n<li><strong>Flexible<\/strong>: There are many different <a href=\"https:\/\/www.confianzit.com\/odoo-apps\" class=\"rank-math-link\">modules in Odoo<\/a> that are customizable and add functionality to your business.<\/li>\n<li><strong>Affordable<\/strong>: Thanks to its low cost, you can start a business that could require hundreds of thousands of dollars in accounting software without breaking the bank.<\/li>\n<\/ul>\n<p><!-- \/divi:list --><\/p>\n<p><!-- divi:paragraph -->Odoo is a flexible and versatile software, making it an excellent fit for many companies. And it has the added benefit of being open-source software, meaning there are thousands of add-ons the community has made for it.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:heading --><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Pricing_for_Odoo_ERP\"><\/span><a href=\"https:\/\/www.confianzit.com\/odoo\/pricing\" class=\"rank-math-link\">Pricing for Odoo ERP<\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><!-- \/divi:heading --><\/p>\n<p><!-- divi:paragraph -->There are two ways to get Odoo \u2013 a free version or a paid version.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph -->Odoo offers a free edition named <a href=\"https:\/\/www.confianzit.com\/cit-blog\/odoo-enterprise-vs-community\/\" class=\"rank-math-link\">Odoo Community<\/a>. It doesn\u2019t provide hosting but does provide app access.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph --><a href=\"https:\/\/www.confianzit.com\/cit-blog\/odoo-enterprise-vs-community\/\" class=\"rank-math-link\">Odoo Enterprise<\/a> costs $20 a month per user. The accounting software is $24 a month, although some additional functions have other costs, such as invoicing.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph -->Suppose you\u2019re not looking for a whole package. In that case, the accounting\/invoicing modules are free as long as you don\u2019t download any others or need hosting.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph -->But what about its accounting capabilities?<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:heading --><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Odoo_Accounting\"><\/span>What is Odoo Accounting?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><!-- \/divi:heading --><\/p>\n<p><!-- divi:paragraph -->Odoo structures itself as modular software, where you can purchase only the features you need. And accounting is one of those modules Odoo offers.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph -->Your accounting software needs to connect seamlessly to the other parts of your business, such as marketing and customer relations. Having everything integrated keeps the accounts in sync and the numbers adding up.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph -->Odoo Accounting has been around for a while now and has grown tremendously in features and functionality. It was initially developed to help small-to-medium-sized businesses manage their accounting needs in-house without needing to hire an outside accountant or IT professional.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph -->This is significant since one of the highest costs of implementing software is often the expertise it takes to set up.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph -->So what does the Odoo accounting software offer in terms of features?<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:heading --><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Odoo_Accounting_Features\"><\/span>Odoo Accounting Features<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><!-- \/divi:heading --><\/p>\n<p><!-- divi:paragraph -->Odoo\u2019s accounting module covers all aspects of financial management. For example, it covers invoicing to accounts payable and receivable, purchase orders to cost control, and payroll to fixed assets.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph -->The module also offers advanced features such as multi-currency support and cash flow forecasting. It\u2019s also available in 30 languages, which is extremely helpful if your team is split between countries.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph -->If your company uses many programs, and you\u2019re worried about integration, never fear. Odoo accounting offers integration with third-party applications like <a href=\"https:\/\/www.confianzit.com\/cit-blog\/odoo-vs-sap\/\" class=\"rank-math-link\">SAP<\/a>, Oracle, <a href=\"https:\/\/www.confianzit.com\/cit-blog\/odoo-vs-microsoft-dynamics\/\" class=\"rank-math-link\">Microsoft Dynamics<\/a>, etc.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph -->These are a few of the main features that Odoo accounting offers:<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:list --><\/p>\n<ul>\n<li>Intuitive interface<\/li>\n<li>Mobile support<\/li>\n<li>On-the-fly payment reconciliation<\/li>\n<li>Advanced customer statements<\/li>\n<li>QR Codes Payment<\/li>\n<li>Bill digitalization<\/li>\n<li>Organize payment orders<\/li>\n<li>Automate wire transfers<\/li>\n<li>Smart Reconciliation Tool<\/li>\n<\/ul>\n<p><!-- \/divi:list --><\/p>\n<p><!-- divi:paragraph -->For a complete list of features, check out <a href=\"https:\/\/www.odoo.com\/app\/accounting-features\" target=\"_blank\" rel=\"noopener\">Odoo\u2019s feature page.<\/a><\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:heading --><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_To_Use_the_Odoo_Accounting_Dashboard\"><\/span>How To Use the Odoo Accounting Dashboard<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><!-- \/divi:heading --><\/p>\n<p><!-- divi:paragraph -->One of the features we want to highlight is the Odoo Accounting Dashboard.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph -->Your dashboard serves as home base for your accounting software and helps you stay on top of your business by giving you at-a-glance information. The dashboard is a powerful tool that allows authorized users to view and manage all the data about your company in a single place.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph -->The dashboard provides an overview of your company\u2019s finances, including expenses, income, assets, and liabilities. It also includes information about the number of invoices sent, unpaid invoices, overdue invoices, and more.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph -->Right-clicking on any given tab will allow you to create a new invoice, bill, miscellaneous charge, or credit note. You can also view lists of invoices and payments by going to the \u2018View\u2019 tab. This will also allow you to create invoices and credit notes then upload them to the platform.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph -->You can set up notifications for yourself or specific users, so you never miss anything important.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:heading --><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><!-- \/divi:heading --><\/p>\n<p><!-- divi:paragraph --><a href=\"https:\/\/www.confianzit.com\/odoo-erp\" class=\"rank-math-link\">Accounting software<\/a> is a vital part of every business. It helps you keep track of everything happening on the financial side of your business, from expenses to income and taxes. Using accounting software is the difference between a pile of disorganized papers and a smoothly running machine. <a href=\"https:\/\/www.confianzit.com\/odoo-demo\" class=\"rank-math-link\">Odoo<\/a> is an excellent option for any size business, but it\u2019s especially accessible for small to medium-sized companies.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph -->Want to take advantage of everything an ERP offers but don\u2019t know where to start? <a href=\"https:\/\/www.confianzit.com\/\" class=\"rank-math-link\">Confianz<\/a> is here to help! Our team of experts can walk you through implementation and help you tailor your accounting software to your needs.<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph -->Need help with your <a href=\"https:\/\/www.confianzit.com\/odoo-implementation\" class=\"rank-math-link\">Odoo ERP Implementation<\/a>? We provide you the best\u00a0<a href=\"https:\/\/www.confianzit.com\/odoo-implementation\">Odoo ERP implementation services<\/a>\u00a0to improve your business efficiency. <a href=\"https:\/\/www.confianzit.com\/contact-us\">Contact us today<\/a> to get started!<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_code _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221; locked=&#8221;off&#8221; global_module=&#8221;2151&#8243;]<\/p>\n<div class=\"blog-floating-form\"><!-- [et_pb_line_break_holder] -->  <\/p>\n<h1><span class=\"ez-toc-section\" id=\"Talk_to_our_experts_now\"><\/span><!-- [et_pb_line_break_holder] -->    Talk to our experts now<!-- [et_pb_line_break_holder] -->  <span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><!-- [et_pb_line_break_holder] -->  \n<div class=\"wpcf7 no-js\" id=\"wpcf7-f1888-o1\" lang=\"en-US\" dir=\"ltr\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/cit-blog\/wp-json\/wp\/v2\/posts\/2038#wpcf7-f1888-o1\" method=\"post\" class=\"wpcf7-form init\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<div style=\"display: none;\">\n<input type=\"hidden\" name=\"_wpcf7\" value=\"1888\" \/>\n<input type=\"hidden\" name=\"_wpcf7_version\" value=\"5.8.6\" \/>\n<input type=\"hidden\" name=\"_wpcf7_locale\" value=\"en_US\" \/>\n<input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f1888-o1\" \/>\n<input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/>\n<input type=\"hidden\" name=\"_wpcf7_posted_data_hash\" value=\"\" \/>\n<input type=\"hidden\" name=\"_wpcf7_recaptcha_response\" value=\"\" \/>\n<\/div>\n<div class=\"form-block\" style=\"    background: #fff;\">\n\t<h3 style=\"    background: #0C2464;\n    border-bottom: 5px solid #cecece;\n    border-radius: 5px 5px 90px 90px;\n    margin: 0 auto;\n    text-align: center;\n    padding: 20px;\n    color: #fff;    margin-bottom: 15px;\"><span class=\"ez-toc-section\" id=\"Talk_To_Our_Experts_Now\"><\/span><b>Talk To Our Experts Now<\/b>\n\t<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\t<div style=\"padding:20px;\">\n\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-name\"><input size=\"40\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required your-name\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Name\" value=\"\" type=\"text\" name=\"your-name\" \/><\/span>\n\t\t<\/p>\n\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-email\"><input size=\"40\" class=\"wpcf7-form-control wpcf7-email wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-email your-email\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Email\" value=\"\" type=\"email\" name=\"your-email\" \/><\/span>\n\t\t<\/p>\n\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-number\"><input size=\"40\" class=\"wpcf7-form-control wpcf7-tel wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-tel your-number\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Phone Number\" value=\"\" type=\"tel\" name=\"your-number\" \/><\/span>\n\t\t<\/p>\n\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"message\"><textarea cols=\"40\" rows=\"10\" class=\"wpcf7-form-control wpcf7-textarea wpcf7-validates-as-required form-message\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Message\" name=\"message\"><\/textarea><\/span>\n\t\t<\/p>\n\t<span class=\"wpcf7-form-control-wrap recaptcha\" data-name=\"recaptcha\"><span data-sitekey=\"6LfFkQATAAAAAIYlZ_UH9UozO-OLkpAaWPWx6QtM\" class=\"wpcf7-form-control wpcf7-recaptcha g-recaptcha\"><\/span>\r\n<noscript>\r\n\t<div class=\"grecaptcha-noscript\">\r\n\t\t<iframe loading=\"lazy\" src=\"https:\/\/www.google.com\/recaptcha\/api\/fallback?k=6LfFkQATAAAAAIYlZ_UH9UozO-OLkpAaWPWx6QtM\" frameborder=\"0\" scrolling=\"no\" width=\"310\" height=\"430\">\r\n\t\t<\/iframe>\r\n\t\t<textarea name=\"g-recaptcha-response\" rows=\"3\" cols=\"40\" placeholder=\"reCaptcha Response Here\">\r\n\t\t<\/textarea>\r\n\t<\/div>\r\n<\/noscript>\r\n<\/span>\n\t\t<div class=\"form-buttons\">\n\t\t\t<p><input class=\"wpcf7-form-control wpcf7-submit has-spinner\" type=\"submit\" value=\"Get a free quote\" \/>\n\t\t\t<\/p>\n\t\t<\/div>\n\t<\/div>\n<\/div><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<\/form>\n<\/div>\n<!-- [et_pb_line_break_holder] --><\/div>\n<p>[\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ERP (enterprise resource planning) software is essential for any business that doesn\u2019t want to waste time, money, and resources. But even if you know you want to use an ERP, it can be a lot to sift through all the different components to ensure it\u2019s a good fit for you and your company. Accounting is [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":2063,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"<!-- wp:paragraph -->\n<p>ERP (enterprise resource planning) software is essential for any business that doesn\u2019t want to waste time, money, and resources. But even if you know you want to use an ERP, it can be a lot to sift through all the different components to ensure it\u2019s a good fit for you and your company.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Accounting is the lifeblood of any business. It\u2019s the difference between a successful business and one in the red. Therefore, accounting software is one of the most important elements to examine when determining if an ERP is suitable for you.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><a href=\"https:\/\/www.confianzit.com\/odoo-demo\" class=\"rank-math-link\">Odoo<\/a> is a popular open-source accounting software. It is a complete package that gives you access to all the tools you need to manage your business.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This article will go over Odoo accounting\u2019s features and what it can bring to your business.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2><a href=\"https:\/\/www.confianzit.com\/odoo-erp\" class=\"rank-math-link\">What Is Odoo?<\/a><\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Odoo is a cloud-based business management software that offers accounting, inventory, CRM, e-commerce, and other business tools. It was released in 2005 and is now one of the most popular ERPs, with 4.5 million users.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>While <a href=\"https:\/\/www.confianzit.com\/odoo-demo\" class=\"rank-math-link\">Odoo<\/a> has a lot of big-ticket clients, it\u2019s also a favorite of a lot of smaller companies. This is because <a href=\"https:\/\/www.confianzit.com\/cit-blog\/odoo-15-features\/\" class=\"rank-math-link\">Odoo has a wide range of features<\/a> that make it great for small to medium businesses.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Some of the key benefits of using Odoo are:&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li><strong>Easy to use<\/strong>: Odoo is easy to install and set up. An expert can set up and configure the software in less than an hour.&nbsp;<\/li><li><strong>Low cost<\/strong>: Odoo is affordable for small and medium-sized businesses with a low cost per user per month.&nbsp;<\/li><li><strong>Scalable<\/strong>: The software can be used by any size company at any point in time as it scales with your business needs.&nbsp;<\/li><li><strong>Flexible<\/strong>: There are many different <a href=\"https:\/\/www.confianzit.com\/odoo-apps\" class=\"rank-math-link\">modules in Odoo<\/a> that are customizable and add functionality to your business.<\/li><li><strong>Affordable<\/strong>: Thanks to its low cost, you can start a business that could require hundreds of thousands of dollars in accounting software without breaking the bank.<\/li><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>Odoo is a flexible and versatile software, making it an excellent fit for many companies. And it has the added benefit of being open-source software, meaning there are thousands of add-ons the community has made for it.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2><a href=\"https:\/\/www.confianzit.com\/odoo\/pricing\" class=\"rank-math-link\">Pricing for Odoo ERP<\/a><\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There are two ways to get Odoo \u2013 a free version or a paid version.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Odoo offers a free edition named <a href=\"https:\/\/www.confianzit.com\/cit-blog\/odoo-enterprise-vs-community\/\" class=\"rank-math-link\">Odoo Community<\/a>. It doesn\u2019t provide hosting but does provide app access.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><a href=\"https:\/\/www.confianzit.com\/cit-blog\/odoo-enterprise-vs-community\/\" class=\"rank-math-link\">Odoo Enterprise<\/a> costs $20 a month per user. The accounting software is $24 a month, although some additional functions have other costs, such as invoicing.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Suppose you\u2019re not looking for a whole package. In that case, the accounting\/invoicing modules are free as long as you don\u2019t download any others or need hosting.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But what about its accounting capabilities?<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>What is Odoo Accounting?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Odoo structures itself as modular software, where you can purchase only the features you need. And accounting is one of those modules Odoo offers.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your accounting software needs to connect seamlessly to the other parts of your business, such as marketing and customer relations. Having everything integrated keeps the accounts in sync and the numbers adding up.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Odoo Accounting has been around for a while now and has grown tremendously in features and functionality. It was initially developed to help small-to-medium-sized businesses manage their accounting needs in-house without needing to hire an outside accountant or IT professional.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This is significant since one of the highest costs of implementing software is often the expertise it takes to set up.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So what does the Odoo accounting software offer in terms of features?<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Odoo Accounting Features<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Odoo\u2019s accounting module covers all aspects of financial management. For example, it covers invoicing to accounts payable and receivable, purchase orders to cost control, and payroll to fixed assets.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The module also offers advanced features such as multi-currency support and cash flow forecasting. It\u2019s also available in 30 languages, which is extremely helpful if your team is split between countries.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If your company uses many programs, and you\u2019re worried about integration, never fear. Odoo accounting offers integration with third-party applications like <a href=\"https:\/\/www.confianzit.com\/cit-blog\/odoo-vs-sap\/\" class=\"rank-math-link\">SAP<\/a>, Oracle, <a href=\"https:\/\/www.confianzit.com\/cit-blog\/odoo-vs-microsoft-dynamics\/\" class=\"rank-math-link\">Microsoft Dynamics<\/a>, etc.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These are a few of the main features that Odoo accounting offers:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Intuitive interface<\/li><li>Mobile support<\/li><li>On-the-fly payment reconciliation<\/li><li>Advanced customer statements<\/li><li>QR Codes Payment<\/li><li>Bill digitalization<\/li><li>Organize payment orders<\/li><li>Automate wire transfers<\/li><li>Smart Reconciliation Tool<\/li><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>For a complete list of features, check out <a href=\"https:\/\/www.odoo.com\/app\/accounting-features\">Odoo\u2019s feature page.<\/a><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>How To Use the Odoo Accounting Dashboard<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>One of the features we want to highlight is the Odoo Accounting Dashboard.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Your dashboard serves as home base for your accounting software and helps you stay on top of your business by giving you at-a-glance information. The dashboard is a powerful tool that allows authorized users to view and manage all the data about your company in a single place.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The dashboard provides an overview of your company\u2019s finances, including expenses, income, assets, and liabilities. It also includes information about the number of invoices sent, unpaid invoices, overdue invoices, and more.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Right-clicking on any given tab will allow you to create a new invoice, bill, miscellaneous charge, or credit note. You can also view lists of invoices and payments by going to the \u2018View\u2019 tab. This will also allow you to create invoices and credit notes then upload them to the platform.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You can set up notifications for yourself or specific users, so you never miss anything important.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Conclusion<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p><a href=\"https:\/\/www.confianzit.com\/odoo-erp\" class=\"rank-math-link\">Accounting software<\/a> is a vital part of every business. It helps you keep track of everything happening on the financial side of your business, from expenses to income and taxes. Using accounting software is the difference between a pile of disorganized papers and a smoothly running machine. <a href=\"https:\/\/www.confianzit.com\/odoo-demo\" class=\"rank-math-link\">Odoo<\/a> is an excellent option for any size business, but it\u2019s especially accessible for small to medium-sized companies.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Want to take advantage of everything an ERP offers but don\u2019t know where to start? <a href=\"https:\/\/www.confianzit.com\/\" class=\"rank-math-link\">Confianz<\/a> is here to help! Our team of experts can walk you through implementation and help you tailor your accounting software to your needs. <\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Need help with your <a href=\"https:\/\/www.confianzit.com\/odoo-implementation\" class=\"rank-math-link\">Odoo ERP Implementation<\/a>? We provide you the best&nbsp;<a href=\"https:\/\/www.confianzit.com\/odoo-implementation\">Odoo ERP implementation services<\/a>&nbsp;to improve your business efficiency. <a href=\"https:\/\/www.confianzit.com\/contact-us\">Contact us today<\/a> to get started!<\/p>\n<!-- \/wp:paragraph -->","_et_gb_content_width":"","footnotes":""},"categories":[143],"tags":[257,271,61,173,293],"_links":{"self":[{"href":"https:\/\/www.confianzit.com\/cit-blog\/wp-json\/wp\/v2\/posts\/2038"}],"collection":[{"href":"https:\/\/www.confianzit.com\/cit-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.confianzit.com\/cit-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.confianzit.com\/cit-blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.confianzit.com\/cit-blog\/wp-json\/wp\/v2\/comments?post=2038"}],"version-history":[{"count":5,"href":"https:\/\/www.confianzit.com\/cit-blog\/wp-json\/wp\/v2\/posts\/2038\/revisions"}],"predecessor-version":[{"id":2181,"href":"https:\/\/www.confianzit.com\/cit-blog\/wp-json\/wp\/v2\/posts\/2038\/revisions\/2181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.confianzit.com\/cit-blog\/wp-json\/wp\/v2\/media\/2063"}],"wp:attachment":[{"href":"https:\/\/www.confianzit.com\/cit-blog\/wp-json\/wp\/v2\/media?parent=2038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.confianzit.com\/cit-blog\/wp-json\/wp\/v2\/categories?post=2038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.confianzit.com\/cit-blog\/wp-json\/wp\/v2\/tags?post=2038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}