This petty cash feature allows each employee to have their own COA account and journal. It simplifies the process of requesting, approving, and paying small cash amounts.All records are connected with accounting, ensuring no money goes untracked.It improves financial control and visibility in the company.
This feature helps businesses avoid paying the same vendor bill twice.Odoo automatically detects recurring bills from the same vendor and matches them against previous records.If there is a duplicate or unexpected variation in the bill amount, the system alerts the accountant. This saves time, avoids errors, and ensures payment accuracy.
GSTR-1 and GSTR-2 reporting for Indian GST compliance in Odoo 19.
GSTR-1: A monthly/quarterly return that reports all sales made by a taxpayer, due on the 11th of the next month or quarter-end.total sales, ITC, and tax liabilities, filed monthly by the 20th.
GSTR-2 reporting for Indian GST compliance in Odoo 19.
Efficient Multi-Partner Invoice and Supplier Bill Payment Module
TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) are key components of the Indian taxation system. TDS involves deducting tax at the source of income, applicable to various earnings like salaries, interest, and payments to contractors. On the other hand, TCS requires sellers to collect a percentage of the sales value as tax from buyers at the time of sale. Both mechanisms are designed to ensure efficient tax collection and prevent tax evasion in India.