Odoo for Accounting

• Basic understanding of Odoo framework
• Familiarity with cloud-based operations

Audience

• Accountants
• Financial managers

Odoo is an open-source enterprise resource planning (ERP) software application and business management tool designed to cater to the needs of companies of all sizes and industries.

This instructor-led, live training (online or onsite) is aimed at intermediate-level accountants who wish to optimize their accounting processes using the features of the Odoo accounting module.

By the end of this training, participants will be able to:

• Learn the accounts payable and receivable management features, including automation, customization, and optimization within Odoo.
• Utilize Odoo's advanced reporting tools to create custom financial reports, dashboards, and analyses that support strategic decision-making.
• Configure and manage multiple tax rates, jurisdictions, and budgetary controls effectively within Odoo.
• Develop best practices for managing sensitive financial data, setting up user permissions, and adhering to audit requirements.

Format of the Course

• Interactive lecture and discussion.
• Lots of exercises and practice.
• Hands-on implementation in a live-lab environment.

Course Customization Options

• To request a customized training for this course, please contact us to arrange.

Introduction

Review of Odoo Accounting Basics

• Overview of Odoo Version 16 Accounting Module
• Setting up a new company and configuring the chart of accounts
• Invoices, bills, and payments
• Introduction to accounts payable and receivable management in Odoo

Advanced Configuration of Accounts Payable and Receivable

• Automating follow-ups and payment matching
• Configuring vendor and customer portals for improved collaboration
• Leveraging AI features for invoice recognition and reconciliation
• Setting up a complex vendor payment structure

In-depth with Odoo's Reporting Tools

• Customizing financial reports for internal and external use
• Advanced use of Odoo's pivot and graph views for reporting
• Setting up dashboard reports for real-time financial analysis

Managing Taxes and Budgets

• Configuring and managing multiple tax rates and jurisdictions
• Setting up budgetary positions and monitoring budget performance
• Advanced budgetary controls and reporting
• Implementing a budget management system

Integrations and Customizations

• Overview of API integrations for third-party services
• Customizing workflows and business processes in the accounting module
• Introduction to developing custom modules
• Designing a workflow for a custom accounting process

Data Management and Security

• Best practices for data import and export to and from the accounting module
• Setting up user permissions and access controls for sensitive financial data
• Implementing audit trails and data reconciliation processes
• Managing data breaches and security protocols in Odoo

Performance Optimization and Troubleshooting

• Identifying and resolving common issues in Odoo accounting module
• Tips for optimizing the performance of your Odoo accounting system
• Using the Odoo support and community resources effectively

Summary and Next Steps