Odoo has transcended the limitations of conventional accounting systems, offering businesses an agile and responsive financial management solution with its latest version update.
Explore the latest features and advancements of Odoo 17>>
The incorporation of real-time features in Odoo 17 Accounting enables users to enjoy instantaneous insights into their financial data, fostering a dynamic and proactive approach to financial management.
From real-time auto-reconcile and user-friendly bank synchronization to intuitive dashboards and collaborative tools, Odoo empowers organizations to make informed decisions with unparalleled speed and accuracy, setting a new standard for efficiency and transparency in the realm of accounting software.
Let’s see what features make Odoo 17 Accounting worth migrating to.
Odoo 17 Accounting: reduced data entry, smart AI, and a fast UI.
Fiscal localization packages
Fiscal Localization Packages in Odoo are country-specific modules that help users with pre-configured taxes, fiscal positions, chart of accounts, and legal statements.
Odoo 17 Accounting Localizations added 9 new countries with 400+ new features.
Integrated Document Management
You can send multiple PDF documents by email, and Odoo will split vendor bills from the PDF files once you activate the feature on the journal.
The amazing Documents App integration with Accounting will help you stay organized and on top of your bills. Just scan all the papers and they will be automatically linked to your preferred journal.
Introduced Keyboard shortcuts to split your documents faster-
- Ctrl + K- overview
- Shift + Arrow- navigate between different pages
- S- to split or unsplit documents
Simplified E-invoicing Process
Odoo is officially on the P access point with PEPPOL onboard, which means that all users can benefit from sending invoices bills and credit notes directly over the platform.
Easily send and receive invoices, bills, and credit notes by registering on the PEPPOL (Pan-European Public Procurement Online) network. This can help businesses comply with regulatory requirements related to electronic invoicing in various countries.
Smart Bank Reconciliation
Bank synchronization: Never import bank statements manually again. Odoo integrates with 28,000 banks from all around the world!
OCR & AI matching: 95% of the transactions are matched automatically with the financial records.
Experience zero data entry
The advanced AI-powered invoice data capture has a 98% recognition rate. All users need to do is to validate the invoice.
Odoo 17 Accounting app is now mobile-friendly, so take pictures of your expenses and let the Artificial Intelligence fetch all the information and map it to relevant fields.
Payment Scam Protection
To prevent users from sending money to potential scammers, vendor bank account numbers are verified to check whether the receiver is trusted or risky.
If the vendor is found risky, Odoo will generate a warning when creating a transfer.
Branches management
Manage accounting for business units/branches dealing in multi-company hierarchies:
- Different tax reports
- Different branding components (pdf & invoice layout)
- More granularity for access rights
- Integration with existing company and environment
From Peppol e-invoicing to creating vendor bills from scanned documents using OCR, smart reconciliation, and tax returns, there’s a lot more in Odoo Accounting.
