Accounting Module

Invoicing, reconciliation, and reporting that closes itself.

Odoo Accounting automates the tedious work — bank reconciliation, recurring invoices, payment matching — so your finance team spends time on analysis, not data entry. Live P&L, always.

Key capabilities

What Odoo Accounting does for your business.

Automated bank reconciliation

Import bank feeds and let Odoo match transactions to invoices and payments automatically. Manual reconciliation time drops by 80–90%.

Invoicing & payment tracking

Create, send, and track customer invoices. Automated payment reminders chase overdue balances without manual follow-up.

Vendor bill management

Capture vendor bills via email, scan, or manual entry. Three-way matching against POs and receipts.

Live financial statements

Real-time P&L, balance sheet, and cash flow statement — by company, branch, or project. No month-end waiting.

Multi-currency & multi-company

Handle transactions in any currency with automatic exchange rate management. Consolidated reporting across entities.

Tax & compliance

Configurable tax rules for GST/HST, VAT, and withholding. Tax reports generated automatically for submission.

Problems we solve

Three problems every Accounting deployment solves.

💡

The problem

Finance team spending 3 days per month on bank reconciliation

Odoo solution

Odoo's bank feed integration and smart matching algorithms reconcile 90%+ of transactions automatically. What took 3 days takes 2 hours — for the entire month.

⚡

The problem

P&L only available 2 weeks after month-end, by which time it's already stale

Odoo solution

Every transaction in Odoo — sales order, purchase receipt, expense, payroll — posts to the general ledger in real time. Finance sees live P&L at any moment, not last month's.

🎯

The problem

Chasing overdue invoices manually with no visibility into what's been sent

Odoo solution

Odoo's automated payment reminder sequences send follow-up emails at defined intervals — 7 days, 14 days, 30 days overdue. All outbound chasing is tracked and logged.

Client result

Month-end close from 8 days to same-day.

A professional services firm was closing their books 8 business days after month-end. Bank reconciliation, expense allocation, and intercompany eliminations were all manual.

We deployed Odoo Accounting with automated bank feeds, expense integrations, and an intercompany reconciliation workflow. Month-end now closes the same day.

Same day

Month-end close vs. 8 days

90%+

Bank transactions auto-matched

Real-time

P&L visibility — no waiting

2 weeks

To go-live

Works well with