Finance

• Accounting and Invoicing
  • Double-entry bookkeeping
  • Accrual and cash basis
  • Multi-company
  • Multi-currency environment
  • Branch management
  • International standards
  • Accounts receivable and payable
  • Reporting
    • Tax report
  • Bank synchronization
  • Inventory valuation
  • Retained earnings
  • Fiduciaries
    • Get started
      • Accounting onboarding banner
        • Accounting Periods
        • Bank Account
        • Taxes
        • Chart of Accounts
      • Invoicing onboarding banner
        • Company Data
        • Documents Layout
        • Create Invoice
        • Online Payments
          • Accounting cheat sheet
            • Chart of accounts
              • Example
            • Journal entries
            • Reconciliation
            • Bank Reconciliation
            • Checks Handling
          • Chart of accounts
            • Configuration of an account
              • Code and name
              • Type
                • Assets
              • Default taxes
              • Tags
              • Account groups
                • Create account groups manually
              • Allow reconciliation
              • Shared Accounts
              • Deprecated
          • Consolidation
            • How it Works in Odoo
              • Consolidation Tools
              • Consolidating Companies vs. Branch Management
            • Account Merging
            • Account Unmerging
            • Import a Mapping
          • Multi-currency system
            • Configuration
              • Main currency
              • Enable foreign currencies
              • Currency rates
                • Manual update
                • Automatic update
              • Exchange difference entries
              • Chart of accounts
              • Journals
            • Multi-currency accounting
              • Invoices, bills, and other documents
              • Payment registration
              • Bank transactions
              • Exchange rate journal entries
          • Average price on returned goods
            • Configuration
            • Using average cost valuation
              • Formula
              • Compute average cost
                • Product delivery (use case)
            • Return items to supplier (use case)
              • Eliminate stock valuation errors in outgoing products
            • Anglo-Saxon accounting
              • Product reception
                • Summary
                • Accounts balanced at received products
                  • In Odoo
                • Accounts balanced at received vendor bill
                  • In Odoo
              • On product delivery
              • On product return
          • Tax units
            • Configuration
              • Fiscal position
            • Tax report
    • Taxes
      • Default taxes
      • Activate sales taxes from the list view
      • Configuration
        • Basic options
          • Tax name
          • Tax computation
          • Active
          • Tax type
          • Tax scope
        • Definition tab
        • Advanced options tab
          • Label on invoices
          • Tax group
          • Include in analytic cost
          • Included in price
          • Affect base of subsequent taxes
      • Extra taxes
        • Cash basis taxes
          • Configuration
          • Impact of cash basis taxes on accounting
        • Withholding taxes
          • Configuration
          • Retention taxes on invoices
        • VAT numbers verification (VIES)
          • VIES VAT number verification
        • Fiscal positions (tax and account mapping)
          • Configuration
            • Tax and account mapping
          • Application
            • Automatic application
            • Manual application
            • Assign to a partner
        • AvaTax integration
          • Set up on AvaTax
            • Create basic company profile
            • Connect to AvaTax
          • Odoo configuration
            • Fiscal country
            • Company settings
            • Module installation
            • Odoo AvaTax settings
              • Prerequisites
              • Credentials
              • Transaction options
              • Address validation
              • Test connection
              • Sync parameters
            • Fiscal position
              • AvaTax accounts
            • Tax mapping
              • Product category mapping
              • Product mapping
                • AvaTax use
                  • Tax calculation
                    • Automatic triggers
                    • Manual triggers
                  • AvaTax synchronization
                  • Fixed price discounts
                  • Logging
                • Avalara (Avatax) portal
                  • Transactions
                    • Edit transaction
                    • Filter
                    • Sort by
                      • Customize columns
                    • Import-export
                    • Reports
                  • Add more jurisdictions
                  • Tax exemption certificate
                  • End-of-year operations
        • EU intra-community distance selling
          • Configuration
          • One-Stop Shop (OSS)
            • Reports
        • B2B (tax excluded) and B2C (tax included) pricing
          • Configuration
            • Introduction
            • eCommerce
            • Setting your products
            • Setting the B2C fiscal position
          • Test by creating a quotation
          • Avoid changing every sale order
    • Customer invoices
      • Invoice creation
      • Invoice confirmation
      • Invoice sending
        • Sending multiple invoices
      • Payment and reconciliation
      • Payment follow-up
      • Reporting
        • Partner reports
          • Partner Ledger
          • Aged Receivable
          • Aged Payable
        • Profit and Loss
        • Balance sheet
          • Invoicing processes
            • Sales
              • Sales Order ‣ Invoice
              • Sales Order ‣ Delivery Order ‣ Invoice
              • eCommerce Order ‣ Invoice
            • Contracts
              • Regular Contracts ‣ Invoices
              • Recurring Contracts ‣ Invoices
            • Others
              • Creating an invoice manually
              • Specific modules
              • Resequencing of the invoices
              • Invoice digitization with optical character recognition (OCR)
          • Delivery and invoice addresses
            • Configuration
            • Invoice and deliver to different addresses
          • Payment terms and installment plans
            • Configuration
              • End of the month buffer
            • Using payment terms
            • Journal entries
          • Default terms and conditions (T&C)
            • Configuration
          • Cash discounts and tax reduction
            • Configuration
              • Cash discount gain/loss accounts
              • Payment terms
              • Tax reductions
            • Apply a cash discount to a customer invoice
              • Payment reconciliation
          • Credit notes and refunds
            • Issue a customer credit note
            • Issue a customer debit note
            • Record a vendor refund
            • Record a vendor debit note
            • Journal entries
          • Cash rounding
            • Configuration
            • Apply roundings
          • Deferred revenues
            • Configuration
            • Generate deferral entries on validation
            • Reporting
            • Generate grouped deferral entries manually
          • Electronic invoicing (EDI)
            • Configuration
              • National electronic invoicing
            • E-invoices generation
            • Peppol
              • Registration
              • Configure Peppol services
              • Contact verification
              • Send invoices
              • Receive vendor bills
          • Invoice sequence
            • Changing the default sequence
            • Mass-resequencing invoices
          • Snailmail
            • Configuration
            • Send invoices by post
            • Pricing
          • EPC QR codes
            • Configuration
              • Configure your bank account’s journal
            • Issue invoices with EPC QR codes
          • Incoterms
            • Define an Incoterm
              • Incoterm location
            • Default Incoterm configuration
    • Vendor bills
      • Bill creation
        • Manually
        • Automatically
      • Bill completion
      • Bill confirmation
      • Payment and reconciliation
      • Aged payable report
        • AI-powered document digitization
          • Configuration
          • Invoice upload
            • Upload invoices manually
            • Upload invoices using an email alias
          • Invoice digitization
          • Data recognition with AI
          • Pricing
        • Non-current assets and fixed assets
          • Prerequisites
            • Configure an Assets Account
            • Post an expense to the right account
              • Select the account on a draft bill
              • Choose a different Expense Account for specific products
              • Change the account of a posted journal item
          • Assets entries
            • Create a new entry
              • What does “Prorata Temporis” mean?
              • What are the different Depreciation Methods
            • Assets from the Purchases Journal
          • Modification of an Asset
          • Disposal of Fixed Assets
          • Assets Models
            • Apply an Asset Model to a new entry
          • Automate the Assets
        • Deferred expenses
          • Configuration
          • Generate deferral entries on validation
          • Reporting
          • Generate grouped deferral entries manually
        • Vendor bill sequence
          • Changing the default sequence
          • Mass-resequencing vendor bills
    • Payments
      • Payment methods
        • Preferred payment method
        • Checks
      • Registering payment from an invoice or bill
      • Registering payments not tied to an invoice or bill
        • Payments matching
          • For a single invoice or bill
          • For multiple invoices or bills
            • Auto-Reconcile Feature
      • Registering payments on multiple invoices/credit notes or bills/refunds (group payments)
      • Registering a single payment for multiple customers or vendors (batch payments)
        • Payments matching
      • Registering a partial payment
      • Reconciling payments with bank transactions
        • Online payments
          • Install the patch to disable online invoice payment
            • Update Odoo to the latest release
            • Update the list of available modules
            • Install the module Invoice Online Payment Patch
          • Configuration
          • Customer Portal
        • Batch payments
          • Configuration
          • Batch creation
            • Bank reconciliation
        • SEPA Direct Debit (SDD) customer payments
          • Configuration
            • Creditor identifier
            • PAIN file version
          • SEPA Direct Debit Mandates
            • Creating mandates
            • Closing or revoking a mandate
          • Processing SDD payments
          • SDD rejections
        • Follow-up on invoices
          • Configuration
          • Invoice follow-ups
            • Follow-ups for one customer
            • Follow-ups for all customers due for action
          • Reports
            • Customer statement
            • Follow-up report
        • Pay with SEPA
          • Configuration
            • Activate SEPA Credit Transfer (SCT)
            • Activate SEPA payment methods on banks
            • Registering payments
        • Pay by checks
          • Configuration
            • Activate checks payment methods
          • Compatible check stationery for printing checks
            • United States
          • Pay a supplier bill with a check
            • Register a payment by check
            • Print checks
        • Forecast future bills to pay
          • Configuration: payment terms
          • Forecast bills to pay with the aged payable report
          • Select bills to pay
        • Trusted accounts (send money)
          • Phishing attacks
            • Elements to check
    • Bank and cash accounts
      • Manage bank and cash accounts
        • Connect a bank for automatic synchronization
        • Create a bank account
        • Create a cash journal
        • Edit an existing bank or cash journal
      • Configuration
        • Suspense account
        • Profit and loss accounts
        • Currency
        • Account number
        • Bank feeds
      • Outstanding accounts
        • Bank and cash journal configuration
          • Bank synchronization
            • Configuration
              • On-Premise users
              • First synchronization
              • Synchronize manually
            • Issues
              • Synchronization in error
              • Synchronization disconnected
            • Migration process for users having installed Odoo before December 2020
            • FAQ
              • The synchronization is not working in real-time. Is that normal?
              • Is the Online Bank Synchronization feature included in my contract?
              • Some banks have a status “Beta.” What does this mean?
              • Why do my transactions only synchronize when I refresh manually?
              • Not all of my past transactions are in Odoo, why?
              • Why don’t I see any transactions?
              • How can I update my bank credentials?
                • Salt Edge
                  • Configuration
                    • Link your bank accounts with Odoo
                    • Update your credentials
                    • Fetch new accounts
                  • FAQ
                    • I have an error when I try to delete my synchronization within Odoo
                    • I have an error saying that I have already synchronized this account
                • Ponto
                  • Configuration
                    • Link your bank accounts with Ponto
                    • Link your Ponto account with your Odoo database
                    • Update your synchronization credentials
                    • Fetch new accounts
                  • FAQ
                    • After my synchronization, no account appears
                    • I have an error about that my authorization has expired
                    • I have some errors with my beta institution
                • Enable Banking
                  • Configuration
                    • Link bank accounts with Odoo
          • Transactions
            • Import transactions
            • Register bank transactions manually
            • Statements
              • Statement creation from the kanban view
              • Statement creation from the list view
              • Statement viewing, editing, and printing
          • Bank reconciliation
            • Bank reconciliation view
            • Reconcile transactions
              • Match existing entries
              • Batch payments
              • Manual operations
              • Reconciliation model buttons
          • Reconciliation models
            • Reconciliation model types
            • Default reconciliation models
              • Invoices/Bills perfect match
              • Invoices/Bills partial match if underpaid
              • Line with bank fees
            • Partner mapping
          • Internal transfers
            • Configuration
            • Register an internal transfer from one bank to another
          • Manage a bank account in a foreign currency
            • Configuration
              • Activate multi-currencies
              • Configure currencies
              • Create a new bank account
            • Vendor bill in a foreign currency
            • Unrealized Currency Gains/Losses Report
          • Loans management
            • Create a new loan
            • Loan entries mechanism
            • Closing a loan
            • Loans Analysis Report
    • Reporting
      • Balance Sheet
      • Profit and Loss
      • Executive Summary
      • General Ledger
      • Aged Receivable
      • Aged Payable
      • Cash Flow Statement
      • Tax Report
        • Tax return (VAT declaration)
          • Prerequisites
            • Tax Return Periodicity
            • Tax Grids
          • Close a tax period
            • Tax lock date
            • Tax return
        • Tax carryover
        • Analytic accounting
          • Configuration
          • Analytic accounts
          • Analytic plans
          • Analytic distribution
            • Analytic distribution models
        • Budgets
          • Analytic budgets
            • Set an analytic budget
            • Check an analytic budget
            • Generate periodic budgets
            • Reporting
          • Financial budgets
            • Set a financial budget
        • Intrastat
          • General configuration
            • Default transaction codes: invoice and refund
            • Region code
          • Product configuration
            • Commodity code
            • Quantity: weight and supplementary unit
            • Country of origin
          • Invoices and bills configuration
            • Transaction code
            • Partner country
            • Transport code
            • Value of the goods
          • Partner configuration
          • Generate the Intrastat report
        • Data inalterability check report
          • Inalterability features
          • Secure posted entries with hash
          • Secure entries wizard
          • Report download
        • Silverfin integration
          • Configuration
            • Odoo API key
              • Per database
              • For all databases (fiduciaries)
        • Custom reports
          • Root reports
          • Variants
          • Lines
          • Expressions
            • ‘Odoo Domain’ engine
            • ‘Tax Tags’ engine
            • ‘Aggregate Other Formulas’ engine
            • ‘Prefix of Account Codes’ engine
            • ‘External Value’ engine
            • ‘Custom Python Function’ engine
          • Columns
        • Year-end closing
          • Fiscal years
          • Year-end checklist
            • Before closure
            • Closing a fiscal year
              • Current year’s earnings
• Expenses
  • Set expense categories
    • Log expenses
      • Manually enter expenses
        • Attach receipts
      • Upload expenses
        • Digitalization settings
        • Upload receipts
      • Email expenses
    • Expense reports
      • Create expense reports
      • Submit expense reports
    • Approve expenses
      • View expense reports
      • Approve expense reports
        • Approve individual reports
        • Approve multiple reports
      • Refuse expense reports
    • Post expenses
      • Post individual reports
      • Post multiple reports
    • Reimburse employees
      • Settings
      • Reimburse individually
      • Reimburse in bulk
      • Report in next payslip
    • Re-invoice expenses
      • Setup
      • Create an expense
      • Create an expense report
      • Approve and post expenses
      • Invoice expenses