Odoo Accounting
A powerful software solution for your accounting and financial management.
- All-in-One: Financial accounting (FIBU), business accounting (BEBU), asset accounting, payroll accounting.
- Banking, controlling, taxes.
- Annual financial statements with balance sheet, income statement and journal, charts of accounts and more.
- Auditing and compliance: Proven, innovative, secure for adherence to legal requirements such as financial and tax regulations.
- Web-based for Mac, Windows or Linux without software installation and accessible on mobile or stationary devices such as desktops, tablets and smartphones via an internet connection.
- Multi-company, -country, -mandate architecture for fiduciary offices and companies of all sizes and sectors.
Odoo Accounting: The finance apps at a glance
Invoicing
AI-supported invoice capture with a recognition rate of 98 %. Create, manage and send invoices, credit notes, reminders and quotes in different languages and currencies.
Expense management
Create and record expenses via email, scan, drag-and-drop or manually directly via mobile device or desktop. Submit all expenses in one expense report and summarise them in individual categories.
Business Intelligence
Business plan, financial planning, customised journals and reports delivered with a single click as well as detailed overview of financial data for analysis, budgeting and forecasting.
Banking
Connected to e-banking and automatic synchronisation of bank transactions in real time via EBICS for efficient processing of transactions such as credit notes or debits from debtors and creditors.
Odoo for financial experts, trust companies, auditors and tax experts
Odoo offers numerous automation features for financial and business accounting. From recurring entries to automatic tax calculations and reminders for due payments. The automations help reduce manual errors and save valuable time.
Odoo is a cloud-based and mobile software solution that makes it possible to access all data at any time and from anywhere via an internet connection. This is especially helpful for financial managers or fiduciaries working with clients in different locations.
Accounts receivable
Odoo enables the efficient management of receivables. Invoices can be created based on sales orders, deliveries, subscriptions or project time tracking. Credit notes and refunds can be generated automatically and payments are easily tracked. Automated reminders help to maintain an effective dunning process and credit limits for customers minimise the risk of unpaid invoices.
Accounts payable
Odoo offers a comprehensive solution for managing accounts payable. Journal entries such as purchases, sales, bank transactions and cash can be managed and reconciled by type to ensure a clear overview of all financial transactions.
The integrated DMS document management in Odoo facilitates communication with various stakeholders. Documents such as receipts or invoices are digitally and centrally accessible, can be stored, managed and sent online and are auditable at any time.
For efficient accounting, braintec offers the EDI-Connector, which facilitates the transmission of business documents in the standardised EDI (Electronic Data Interchange) format.
Odoo fully supports double-entry bookkeeping, ensuring all financial transactions are accurately recorded and legal requirements are met. With automated posting rules and predefined account plans, Odoo makes this process efficient and user-friendly.
Odoo allows seamless integration of accounting with other business areas such as purchasing, sales, inventory, e-commerce or human resources. This interoperability with the embedding of all relevant data in end-to-end processes within a single ERP system creates better communication, transparency and efficiency across all departments.
Odoo supports multiple currencies and automatically updates exchange rates. International companies or financial service providers with global clients can easily keep track and generate reports in the relevant currencies.
Odoo makes it possible to manage multiple clients in a single system. The data of each client is neatly separated. Switching between digital files is simple, allowing for secure and straightforward accounting management.
Odoo supports the calculation and declaration of taxes with various integrated functions..
With the VAT accounting from braintec, Swiss companies may submit their VAT statements electronically and standardised to ESTV-SuisseTax, the online portal of the Swiss Federal Tax Administration.
For companies from Germany, braintec configures the export from Odoo to DATEV and offers an extended GoBD interface with Z3 export for the provision of tax-relevant accounting data in IDEA format.
In Odoo, different user rights and roles can be defined so that sensitive data and financial information can only be accessed by authorised persons.
Financial solutions from braintec for Switzerland
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Manage subscriptions easily
The extended subscription module from braintec helps companies which manage many subscriptions with recurring invoices.
- Automatic creation of subscriptions from sales orders
- Create and send invoices automatically
- Generate subscription template with predefined time period
- Billing by calendar period / Invoice in advance
- Charging for subscriptions according to usage or services
- Automatic creation of credit notes after changing or terminating a subscription
- Merge all subscriptions into one invoice
ChatGPT said: Financial Solutions by braintec for Germany and Austria
Financial accounting according to IDW PS 880
Since version 18, Odoo’s financial accounting has been officially certified by BDO AG Wirtschaftsprüfungsgesellschaft in accordance with IDW PS 880. This certification ensures:
- Compliance & Security: Adherence to the principles of proper accounting (GoB) and GoBD, particularly in terms of traceability, immutability and data security.
- Functional Accuracy: Error-free operation, correct bookkeeping, and full compliance with legal accounting requirements.
- Auditability: Comprehensive system documentation and audit reports that ensure a transparent and verifiable record for external auditors.
Enhanced GoBD Z3 Export
The enhanced GoBD interface with Z3 export of braintec ensures a seamless and technically compliant transfer of tax-relevant data to financial authorities in Germany.
- The provision of tax-relevant accounting data in IDEA format without requiring additional expertise.
- Certified Z3 data carrier transfer.
- Standard-compliant data preparation for tax authorities and auditors.
Further financial solutions for Germany
DATEV Connector
DATEV, with its products "Unternehmen Online" and "Kanzlei Rechnungswesen," covers 75% of the German market for processing tax data. Therefore, for customers and accounting firms in Germany, braintec regularly implements a file-based partner module resp. connector to DATEV, or configures the export from Odoo version 16 using standard functions.
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Export booking entries for simplified import into DATEV
- Configure export according to tax advisor's specifications
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Attach collected reference documents to booking entries
- Define account lengths
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Automatically assign creditor and debtor numbers
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Automatically activate fixed posting indicator
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Insert client and consultant numbers for the tax advisor
- Group booking lines
- Accumulate debit and credit entries
- Optionally ignore foreign currencies
Excerpt of companies that use braintec's financial solutions
