SIMPLIFY INVOICING WITH SUPPORT TOOLS
Adapt quickly to new tax regulations
With Odoo 18, invoicing becomes simpler and more efficient, even in the face of new tax regulations mandating electronic invoicing in many countries. Powered by artificial intelligence, Odoo 18’s automated invoicing solution enables you to adapt swiftly to these changes while optimizing your processes. This feature saves time and minimizes errors by automating the creation and delivery of invoices.
Three additional templates enrich the tool: a standard model for small businesses, an intermediate model for medium-sized companies, and a multinational model designed for large enterprises. These options cater to diverse business types, ensuring your specific needs are met. The AI analyzes data to generate invoices compliant with local tax requirements, ready to send to your clients.
Odoo 18 also integrates Peppol improvements, an international network for exchanging electronic invoices between businesses. This system ensures compliance with tax standards not only in Europe but also globally.
Automatically detect invoice irregularities
Odoo 18 emphasizes the precision and reliability of your financial documents. One major new feature is the automatic detection of irregularities in invoices. If an invoice contains errors, an alert system notifies you immediately, allowing you to correct issues before they impact your accounting or become a problem for your clients or partners.
This feature is especially valuable for businesses managing a high volume of transactions, where minor invoice errors can easily go unnoticed. It provides an additional layer of oversight, ensuring your financial documents remain accurate with minimal effort on your part.
Automate recurring invoice issuance
Managing periodic invoices, those sent regularly to clients or suppliers, can become a challenge without proper handling. Odoo 18 solves this issue with its "autopost" feature, automating the issuance of recurring invoices. Using preconfigured data, this feature eliminates repetitive tasks, freeing up significant time for your accounting team and reducing errors.
You can be confident these invoices are sent on time, to the correct recipients, and with accurate amounts, optimizing your invoicing processes effortlessly!
Optimize transactions for seamless management
Customize payment methods and simplify transactions
Transaction tracking is fully customizable, allowing you to set specific options for each contact. This eliminates the need to remember which method to use for each client. Predefined payment methods for each customer—whether card, bank transfer, or check—facilitate monetary exchanges and improve time management.
This level of customization gives you full control over your financial processes, helping you manage cash flow effectively while ensuring a smooth, error-free experience for your clients. Odoo takes care of the administrative details, so you don’t have to.
Easily create invoices and credit notes
Odoo 18 also enhances the creation of invoices and credit notes. You can now generate these documents directly from the bank reconciliation screen, enabling immediate responses when needed. There’s no longer a need to navigate multiple screens; everything is centralized in one place for maximum efficiency.
This capability to create documents "on the fly" allows you to handle unexpected situations effortlessly. Whether for a refund or a new invoice, the solution is just a click away, maintaining the fluidity of your operations.
Embrace modern bank reconciliation methods
Refine bank reconciliation with OCR
Odoo’s latest version simplifies bank reconciliation with the integration of 36,000 banks, enabling automatic synchronization of your transactions. Using Optical Character Recognition (OCR) for credit cards, you can scan your bank statements directly. No more manual transaction entries, everything is automated and integrated within your Odoo system.
This feature is ideal for businesses with frequent transactions looking to save time on account reconciliation. You can rest assured that all information is accurately synced, eliminating human error.
Track loans and repayments effortlessly
Another key feature of Odoo 18 is loan management, whether short- or long-term. You can now easily track payments due for each loan, whether they’re bank loans or internal company loans. The interface lets you quickly view due dates and repayment statuses, giving you a clear picture of your financial obligations.
This functionality provides peace of mind regarding debts and loans, offering a clear view of your financial commitments and helping you manage cash flow more effectively.
Rely on real-time financial reports
Navigate easily with a redesigned date selector
Odoo v18 features an intuitive date selector, allowing seamless navigation between daily, monthly, and quarterly views for quick access to financial data. Whether you need to analyze daily trends or prepare monthly or quarterly reports, this feature ensures effortless navigation, enabling you to focus on data analysis rather than searching for information.
Automatically adjust financial forecasts
With Odoo v18, budget management reaches new heights of simplicity and accuracy. The system automatically updates financial forecasts with every change, freeing you from manual updates and ensuring your budgets stay current without effort.
This version also includes analytical budget management, enabling you to monitor spending from the creation of purchase orders. This allows you to anticipate expenses and make quick adjustments to stay within budget limits.
Master accounting with a redesigned interface
Tailor financial document formats to your needs
Odoo 18 enriches the user experience by adding seven new accounting document layouts. These designs, such as "bubble" and "wave", let you customize the appearance of financial reports to reflect your company’s visual identity. This flexibility enhances the professional presentation of your financial communications.
Centralize customer follow-ups in the Contacts App
Odoo v18 introduces centralized customer follow-ups within the Contacts app. You can now automate or manually manage reminders as needed. Each follow-up can be sent directly from the contact record, providing a better way to track interaction history with each client.
Generate detailed reports and invoices for precise tracking
Odoo 18’s improved accounting reports facilitate smoother and more detailed management of documents. Generating closing reports, creating financial statements, or accessing cash flow details is now simplified within a unified and intuitive interface, ensuring an optimal user experience.
The latest Odoo update brings essential advancements to SME accounting administration, offering automated solutions for key processes such as invoicing, payments, and bank reconciliation. With features like automated electronic invoicing, irregularity detection in invoices, and payment integration, Odoo 18 helps businesses save time and reduce errors.
Recurring invoice automation, budget optimization, and enhanced user experience make Odoo 18 an ideal tool for accounting and financial managers. By adopting this solution, your company can achieve more efficient and accurate accounting while staying compliant with current tax regulations.
Discover how Odoo 18 can transform your financial management today!