Finance

Book keeping is  mandatory for any enteprise - and sometimes maybe even painful. Good book keeper helps and so does keeping books up-to-date in real time. Preferrably in cloud so that things get posted as they happen. That way relevant people can immediately see documents and act accordingly, no matter if they share the same premises or not.

It helps even further, if all the high volume transactions can be posted automatically. For instance sales invoices, bank transactions, payroll payments, purchases, production actions, goods movements in stocks etc.  This is easy if book keeping happens in ERP so that all transactions are automatically immediately posted there. But it will be practically just as easy to post documents to external system, as long as this is fully automatic and immediate process. It is of importance to be able to synchronise all related data (products, customers, cost centres etc) and post documents without delay, no matter what the approach is. We have experience of both ways, we can make it work whichever way serves the customer best. 

In addition to external book keeping the management is usually interested in all kind of internal cost calculations. Cost center based tracking, investments, projects, product and customer specific revenues are some common examples. Odoo supports all these. 

Closely related to book keeping is tax reporting. If foreign trade is part of business, there could be several countries and TAX areas to report against. Each with their own tax codes, rules, schedules and other details. Things don’t get any easier, when you add to this daughter companies or sales offices abroad, or if projects span country borders. Odoo is being used in more than 50 countries so there is a high propablity that it has been localized also in your business relevant countries. Just ask us for more details!