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By: Sree

Reasons to Choose Odoo for Accounting

Functional Accounting

The countdown for trouble-free and easy accounting work begins at the moment when one decides to sign up with the special accounting module of Odoo, the leading open-source software in the industry.  To those who have been heavily dependent on the conventional tools for the major portion of their business, wonders are on the card. It will be a game-changer, by all means, to reduce the accounting workload apart from generating awesome output. A trouble-free accounting task thus lays the foundation stone for a peaceful business with utmost perfection in calculations. The Odoo accounting module is loaded with exclusive features that can never be equated with any other amateur stuff in the field. It is a class apart for its wide options, user-friendly interfaces, accurate tools, and fast-track results.
Perfect user interface
As already pointed out, the perfect user interface which suits the demand of any accounting professional, makes it stand out in the crowd. Based on the latest Google material designing trends, it has introduced the fastest and latest interface that any user will naturally fall in love with. As the basic concept itself in the account is to save time, it is sure that this module will work the perfect way for its clients.
Less time on data entry
The typical data entry method being followed by those who make use of conventional software is a thing of the past. For those who make use of the latest Odoo module, the tedious data entry works will no more be a burdensome experience.  The accountant or any user will not have to create the company invoices the manual way and send them to the persons concerned.
The default programs will help you do the task in quite an automated way. Even payment can be automated by giving a new experience in the field. Ultimately what we gain through these conveniences is precious time, which we can invest for the other productive purposes of the company. Multiple payments also are possible here using a single button on the payment form.
Easy setup and collaboration
Easy setup and collaboration on documents make this Odoo module a perfect pic for both the small and large industries. The configuration process bar on the page is very easy to access and operate for further completion of the procedure. Initial balances can be set very easily to begin the operations within a few minutes. Getting automated alerts and collaboration on documents become easy tasks with this module.
Instant access to all these features using your device makes it a convenient platform for new generation industries and ventures.
Smart ways of payment
Payment methods are smarter now which is equally convenient for the customers and the owners. Gone are the days when the liquid cash flow set the melody of the industrial ventures. Now, internet trade has taken over the old way and further paved the way for smarter payment options. Now, credit and debit card payments dominate the industry where the entrepreneurs will have to change in accordance with the time.
To have a tie-up with the third-party interface for fund transfer is hardly a utopian concept now with the evolving face of business.
Follow up in an automatic mode
The conventional custom of typing wordy letters to communicate with the clients is a thing of the past with the entry of an automated mailing system. It can be explored for various purposes as the method saves a lot of time, energy, and human resources for the company.
E-mails, follow-up letters, or even task notices can be sent to the people concerned using this automated-follow up system. Such a good mechanism will also help valued customers to know the order details, invoice content, and various other aspects.
Customer is king
An advanced customer statement or details on receivable balance are easy to comprehend with the Odoo accounting module. The receivable report mainly tries to give a clear record of overdue payments. Such details can actually help the prospective entrepreneurs to prepare well for their game.
Advanced customer statement is another addition where one can get clear reports on customer statements. There are also provisions for the customers to scan a QR code with their own bankers to make payment. The PDF invoices thus appear on the payment screen to do the rest of the work.
Cash flow statement and ledger
Real-time cash flow statements are a blessing for both the small scale and large scale industries. The options in the filters are unique in many ways to use it the best way.
Searching and filtering the general ledger is easy now and even those who want to zoom into documents can do it. An advanced tax management system with an array of variety tax computation tools is one of the highlights of Odoo for setting a foot in the industry.
Professional tax management
Options for selecting an advanced tax management system brought laurels to the community for its tax engine power to support a series of tax computations. Many a time, it may be associated with the price of the commodities being purchased home. A software-based operation, especially using Odoo, can do wonders if anyone is willing to take it up again.
Consolidated report 
Preparation of a consolidated report to produce it as proof for our operations will have to be checked multiple times for possible errors. Odoo has a separate module for consolidation and this can be integrated with accounting to generate a professional consolidated report.
It can support an accounting wing with a comprehensive report. Consolidation helps us to consolidate balance, expense, and income.
Assets, equity and liability will also be considered while doing the task.
For larger companies, a professional accounting service like this will be beneficial for many reasons.
Cybrosys Technologies has an efficient team that can help you to manage all your financial dealings and bank detail management without any difficulty. Don’t hesitate. Just contact us at your convenience.
Also Read: Odoo 14 Accounting

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