Features of The New Odoo 14 Accounting Software

Odoo 14 has come up with many new and improved features and modules, the Odoo Accounting software being one of them. And here are the features of this new software or module of the latest version of the ERP. 

Accounting is an important aspect and a vital task of every business. But do you think handling huge volumes of financial calculations and other accounting tasks can be possible to complete within time manually? No. With the expansion of a business, the amount of accounting work also increases, and then comes the need to adopt the right software to manage all accounting processes automatically and efficiently. Also, automated accounting management reduces the chances of making errors while performing the calculations. 

And in 2021, there’s no better choice than the new Odoo Accounting software for handling different accounting tasks effectively and seamlessly. Yes, Odoo 14 has come up with an improved Accounting module with more advanced features and benefits for businesses. 

 

Features of Odoo 14 Accounting software. 

The software gives relief from the huge workload and work pressure of computing and calculating those billions of dollars manually. Managing these tasks manually can even take long working hours and using this software can again save you a lot of time as well. 

The new and intuitive Accounting dashboard:

This intuitive Accounting dashboard has advanced analytical reporting features and functionalities. With these smart features like bank integration, invoice generation, vendor bill generation, and more, users can conduct multiple operations efficiently to accelerate productivity. 

Invoicing: 

From the new Invoice window in the customer tab, users can easily create invoices for many customers at a time. After purchase, users can also generate the products bill for the customers quickly with this option. In this new Accounting module of version 14, the invoicing feature is completely integrated with the Point Of Sale in the ERP. 

Also, users can view the invoices generated from the invoice window itself and can conduct the tasks with seamless integrations of the other modules. Users can also view all customer data in this invoice creation module and check the details of each customer. 

Easier Reporting:

In this improved Odoo 14 Accounting module, users also get the feature of reporting spreadsheets. That is with the spreadsheet reports, users can easily create complex reports using the up-to-date data. The ERP has come up with readymade report templates for businesses. If any user wants to view the journal items and needs a report of the last 6 months, the user can choose the pivot view and then can build the report with the required filter options. 

Payment refactoring option:

Users can now easily and quickly update and sync their balance sheets. The new Accounting software has a feature that will help in keeping a track of real-time bank transactions. Users can also maintain a direct relationship between the bank account and the balance sheet. Odoo 14 also has added a new and advanced transfer account in the Accounting module of version 14 for tracking and managing:

• All incoming payments 
• And, all outgoing payments. 

So, these were the key features of the new Odoo 14 Accounting software. If you want to make your financial or accounting tasks easier and efficient, get the ERP integrated and implemented into your business system now by reliable ERP implementation partners like Envertis Software Solutions. Expert and trusted companies like this have professionals who can flawlessly implement the module considering your business size and your accounting requirements.