Key Features of Odoo Accounting for Businesses

Customer invoices

Go to Accounting > Customers > Invoices and click Create to add customer details, product or service lines and payment terms. Invoices can carry the company logo and branding, be sent by email or downloaded as PDF, and their status (draft, sent, paid, overdue) is tracked in real time.

Vendor bills and payments

Record bills received from suppliers under Accounting > Vendors > Bills. Document digitisation can extract details from a scanned bill automatically, and payments can be scheduled or matched against bills for a clear audit trail.

Bank synchronisation and reconciliation

Connect a bank account to import transactions automatically. Odoo suggests matches between transactions and existing invoices, bills or expenses, and multiple transactions can be reconciled in batches, with a real-time cash flow view.

Financial reports

Go to Accounting > Reporting for key reports:

• Profit and Loss Statement: income and expenses over a period.
• Balance Sheet: a snapshot of assets, liabilities and equity.
• Aged Receivables and Payables: outstanding customer invoices and vendor bills by due date.

Frequently asked questions

Can I customise invoice templates?

Yes, invoices can be customised with a company logo and branding before being sent by email or downloaded as PDF.

Does Odoo reconcile bank transactions automatically?

Odoo suggests likely matches between imported bank transactions and existing invoices, bills or expenses, which can be confirmed individually or in batches.

Where do I find financial reports?

Go to Accounting > Reporting for reports including Profit and Loss, Balance Sheet and Aged Receivables and Payables.

Need help?

Need help getting the most from Odoo Accounting? Contact support@thoughtlogik.com or see our Odoo optimisation services.