Accounting is one of the most viable and beneficial modules in advanced ERP systems. It automates a variety of accounting tasks that improves the overall business experience. From providing simple and easy-to-use modern interfaces to creating invoices instantly, from easy payment methods to providing automated bank feeds, and from offering detailed reports to showing legal statements—advanced ERPs offer these along with many other advantages. We explain how specifically Odoo Accounting module eases the overall accounting process, in this blog, with its unique features that are not present in other ERPs. Also, these fascinating features are evidence of why Odoo Accounting is the best accounting software in 2020 for its rigorous accounting approach.
Let’s add some more technical advantages of Odoo Accounting that separates it from the rest of the ERPs.
- Asset Management and Auto-Validated Depreciation (instead of manually assessing depreciation now and then and hence spending extra time and resources)
- Deferred Revenue in Auto Mode (which keeps the manual revenue addition process at bay)
- Reconciliation Module in 3 Easy Steps
- Auto Bank Reconciliation and Synchronization (in an easy and integrated manner)
- Automatic Reporting(Horizontal and Vertical) with Analysis-BI Tools
- Auto Closing(instead of manually adding data at the end of months)
- Tax Reports and Tax Returns (in a detailed, insightful manner)
- Auditing Facilities and Features (with latest accounting methodologies)
- Account Classification About Costing and Budgeting
- Budget Management
- Customer Follow-Ups
- Easy Importing of Bank Statements
These are the features that make Odoo Accounting the best in 2020. These specific, detailed, and nuanced features make the business accounting experience easy, simple, and effective for businesses who want to save time, cost, and other resources. ComstarUSA has a highly skilled team that specializes in Odoo and thus implements and customizes for your needs. Reach out to us for more details.
