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Uncategorized
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Introduction to Accounting Smart Class
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[ACCOUNTING 101] The different accounting jobs and their roles within a company
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[ACCOUNTING 101] Chart of Accounts & Account Types
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[ACCOUNTING 101] The debit/credit concept
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[ACCOUNTING 101] The basic journal entries
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[ACCOUNTING 101] The financial reports and the impact of journal entries on them
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[ACCOUNTING 101] The accounting logic
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[BASIC FEATURES] All about localizations
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[BASIC FEATURES] Basic set up to get your accounting live - Chart of Accounts
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[BASIC FEATURES] Basic setup to get your accounting live - Journals
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[BASIC FEATURES] The basic journal entries
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[BASIC FEATURES] Documents management
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[BASIC FEATURES] Payments - Payments and bank reconciliation
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[BASIC FEATURES] Reporting
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[ADVANCED FEATURES] Multi Currency - Gains/losses (realized) exchange differences
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[ADVANCED FEATURES] Multi Currency - Unrealized gains/losses
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[ADVANCED FEATURES] Deferred revenue and expenses
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[ADVANCED FEATURES] Multi company setup
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Journals | Odoo Accounting
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Accounting #OdooWebinar: Inventory Valuation
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Accounting Reconciliation
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How To Round Invoice In Odoo || Cash Rounding In Odoo
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- Operating Units
- Odoo Stock Accounting in Odoo Inventory
- Accounting Go-Live Checklist
- Inventory Valuation from Migration from Standard to Realtime
- Assets Management
- Analytic Accounting
- Budgeting
- Taxation
- Internal Controls
How To Round Invoice In Odoo || Cash Rounding In Odoo
How to round invoice in Odoo. Invoice round off in Odoo. How to set up cash rounding in Odoo.
In some currencies, the smallest coins do not exist. For example, in Switzerland, there is no coin for 0.01 CHF. For this reason, if invoices are paid in cash, you have to round their total amount to the smallest coin that exist in the currency. For the CHF, the smallest coin is 0.05 CHF.
There are two strategies for the rounding:
Add a line on the invoice for the rounding
Add the rounding in the tax amount
Both strategies are applicable in Odoo.
Configuration
First, you have to activate the feature. For this, go in Accounting ‣ Configuration ‣ Settings and activate the Cash Rounding.
There is a new menu to manage cash roundings in Accounting ‣ Configuration ‣ Management ‣ Cash roundings.
Now, you can create cash roundings. You can choose between two rounding strategies:
Add a rounding line: if a rounding is necessary, Odoo will add a line on your customer invoice to take this rounding into account. You also have to define the account in which the rounding will go.
Modify tax amount: Odoo will add the rounding to the amount of the highest tax.
Apply roundings
Once your roundings are created, you can apply them on customer invoices. On the customer invoices, there is a new field called Cash Rounding Method where you can simply choose one of the rounding methods created previously. If needed, a rounding will be applied to the invoice.
Read: https://www.odoo.com/documentation/user/14.0/accounting/receivables/customer_invoices/cash_rounding.html
Website: https://www.odoomates.tech/
Github: https://github.com/odoomates
Email : odoomates@gmail.com
Facebook: https://www.facebook.com/odoomate/
Twitter: https://twitter.com/odoomates
Support Us in Ko Fi : https://ko-fi.com/odoomates
In some currencies, the smallest coins do not exist. For example, in Switzerland, there is no coin for 0.01 CHF. For this reason, if invoices are paid in cash, you have to round their total amount to the smallest coin that exist in the currency. For the CHF, the smallest coin is 0.05 CHF.
There are two strategies for the rounding:
Add a line on the invoice for the rounding
Add the rounding in the tax amount
Both strategies are applicable in Odoo.
Configuration
First, you have to activate the feature. For this, go in Accounting ‣ Configuration ‣ Settings and activate the Cash Rounding.
There is a new menu to manage cash roundings in Accounting ‣ Configuration ‣ Management ‣ Cash roundings.
Now, you can create cash roundings. You can choose between two rounding strategies:
Add a rounding line: if a rounding is necessary, Odoo will add a line on your customer invoice to take this rounding into account. You also have to define the account in which the rounding will go.
Modify tax amount: Odoo will add the rounding to the amount of the highest tax.
Apply roundings
Once your roundings are created, you can apply them on customer invoices. On the customer invoices, there is a new field called Cash Rounding Method where you can simply choose one of the rounding methods created previously. If needed, a rounding will be applied to the invoice.
Read: https://www.odoo.com/documentation/user/14.0/accounting/receivables/customer_invoices/cash_rounding.html
Website: https://www.odoomates.tech/
Github: https://github.com/odoomates
Email : odoomates@gmail.com
Facebook: https://www.facebook.com/odoomate/
Twitter: https://twitter.com/odoomates
Support Us in Ko Fi : https://ko-fi.com/odoomates
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