type="text/css" />

Odoo 14 book

Expense Management

Odoo 14 has made the management of the daily expenses of your employees an effortless task. Odoo Expenses enables you to manage all expenses including travel expenses, expenses on office supplies and other expenses.

Expense Dashboard helps employees to submit all expense details along with soft copies of the receipts for approval. The Odoo 14 module makes all the operations including Create, Validate, Approve and Refuse simpler.

odoo-expense-management

Expenses Module Can Be Installed From Odoo Apps.

odoo-expense-management

You can find the Expenses Dashboard on clicking the Expense Module. Expense Date, Accounting Date, Paid by, Bill Reference, Customer to Reinvoice, Account, Unit Price, Currency, Quantity, Activities, Taxes, Total, Status along with Description, Employee detail can be listed in an organized way in the Dashboard.

Configuration

Click the Configuration Menu. Then you will get a dropdown where you can select Activate Incoming Emails and Reimburse in Pay Slip.

odoo-expense-management

On activating these options employees can record their expenses by sending it to the email address. The email can be sent to different departments also for processing. The Reimburse option helps the employee to get their expenses reimbursed.

Generate An Expense

Generating Expenses is important to run a business. With Odoo a user can manage different types of expenses.

Create Single expense

Expenses > My Expenses > Create

odoo-expense-management

For Creating an Expense an Employee has to fill the columns. While some of the columns are optional some are mandatory.

Description: This field can be used to provide the details including reference to bill/ticket.

Employee Name: The purchased product name can be given to specify the expense type.

Paid By: The person who made the payment

Expense Date: The date on which the expense was made

Unit Price: The price of the product per unit. If the expense is travel expense, the unit price will be based on the distance travelled.

Accounting Date: The date on which the expense report is accounted

Currency: The currency used for transaction

Taxes: Taxes charged on expenses

After filling all required fields click Save to Create

odoo-expense-management

The user will be navigated to a new Window after clicking Save. In the new Window you will be able to attach bills and other documents.

odoo-expense-management

After attaching all required documents, one can Submit by clicking the Submit To Manager tab.

After submitting the Expense Report the employee will be able to review the status of the report.

Note:-“After the submission of Expense Report by the employee, the remaining task has to be completed by the manager. The Manager is responsible for approving or refusing the report. He can also seek more documents or explanations in the form of comments.

While reviewing Status, the user can find a few status updates.

Posted: This means the Pay Slip has been Posted in the journal

Paid: This status update indicates that the payment has been made.

Approved: The expense is approved

Refused: Expense is refused

The creation and approval of Expense Report will also have to follow the same steps

My Expense to Report

This feature can be accessed from Expenses> My Expenses> My Expense to Report

Here you can view all your expenses which are yet to be reported. The expense date, description, Next activity, analytic account details and status of the report. A user can also create a report here. This feature will help an employee to submit the report without fail.

odoo-expense-management

A user will be able to create new expenses to report or make changes in the already created reports from here.

All My Expenses

Using this feature, a user can view all expenses. Here, you can view all reports sent for approval and the expenses to report.

odoo-expense-management

My Reports

This is a feature under the My Expenses Tab.

This can be used by an employee to view all expense reports prepared by him. The status of the report prepared by the employee can also be viewed from here.

To access this, Go to Expenses> My Expenses> My Reports

An employee can view the name, accounting date, expense report, next activity, status and other details here. To create a new report, click The Create button.

odoo-expense-management

A user can create a report by clicking Create. As in other cases, you have to fill the fields and then submit it. Using My Report feature, a user can also upload an expense report. This can be done by clicking the upload button.

odoo-expense-management

Here, the data will be automatically used by the app. The user can also attach bills using this feature.

Reports to Approve

Once the Expense or Expense Report is submitted to the manager, he will be responsible to review the request. The manager will go through the expenses mentioned in the report and scrutinize the bills attached. The approval is given after these formalities are completed.

Expense approval by manager

Once the Expense or Expense Report is submitted to the manager, he will be responsible to review the request.

To Approve

Configuration

Expenses> Expense Reports >To Approve

The manager is able to see all the expenses and expense reports awaiting approval. He can have a view of all the requests. The manager can view the status of applications and select an application by clicking on it. Then the person can examine and scrutinize the application and take necessary action. This provisions the manager to oversee all the expenses that are awaiting approval. From the list, the manager can select a submitted expense, scrutinize it and take appropriate action.

odoo-expense-management

Reports to Post

The expense management process does not stop after the approval stage. After the approval stage, an expense report has to be posted. This means, the Expenses Report has to be entered in a journal to document the report. This process also can be done in the following way.

To Post

Configuration

Expenses> Expense Reports> To Post

One can find the Expense Report to Post on the Dashboard. This can be selected by a designated person and post for journal entry.

odoo-expense-management

Click the POST JOURNAL ENTRIES button. Then the expense gets POSTED. The status of the posted entry can be changed using the status bar. The status can be changed from Approved to Posted.

Reports To Pay

This feature the Expense Reports to Pay feature helps to review the payment status. The reports paid, the reports submitted, reports in draft and other details can be viewed.

Using this feature, a user can prepare an Expense Report summary. Here, the name of the employee, manager, paid by and expense details can be added. Here, the payment will be made based on the approved expense report.

odoo-expense-management

Configuration

Expenses> Expense Reports> To Pay

Select the Expense Report to pay from the listed reports.

odoo-expense-management

All Reports

Under this tab, a user can view or create all types of reports. The status of the reports. The name of the employee, the accounting date, expense report details and the status of the report can be viewed here. The total amount to be approved and the next activity can also be reviewed here.

odoo-expense-management

Odoo also enables a user to create a report from here by clicking the Create Button.

odoo-expense-management

This can be done by filling all fields and clicking the Save button. The user can also submit the report to the manager for approval.

Expense Products

A user is able to configure Expense Products in Expense Module. For this go to Expenses> Configuration> Expense Products

Then you will get a new window where you can find all already created expense products.

Then click on Create Button to create a new expense product.

odoo-expense-management

Add all relevant details and save. Then you will get a new expense product.

odoo-expense-management

Expense Analysis

Expense Analysis is a feature that helps a user to get a quick graphic view of the expense reports for a particular period.

Expense Analysis is a feature that helps a user to get a quick graphic view of the expense reports for a particular period.

odoo-expense-management
whatsapp
location

Calicut

Cybrosys Technologies Pvt. Ltd.
Neospace, Kinfra Techno Park
Kakkancherry, Calicut
Kerala, India - 673635

location

Kochi

Cybrosys Technologies Pvt. Ltd.
1st Floor, Thapasya Building,
Infopark, Kakkanad,
Kochi, India - 682030.

location

Bangalore

Cybrosys Techno Solutions
The Estate, 8th Floor,
Dickenson Road,
Bangalore, India - 560042

Send Us A Message