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Best Accounting Software Odoo 18

 Maximize Efficiency with the Best Accounting Software

Odoo 18 introduces powerful updates to its cloud accounting software, setting a new standard for invoicing software.

 

Explore the latest features designed to enhance your financial management and simplify your accounting processes

 

 

Add Products in Invoices/Bills via Catalog

Easily add products from the catalog to bills and customer invoices. This feature, previously available only with purchase and sales orders, now extends to all aspects of invoicing software in Odoo 18.

Add Products in Invoice Bills via Catalog

Reconciliation from Kanban View

Accelerate your reconciliation process with a Kanban quick create form. This feature allows for reconciliation directly from the Kanban view, accommodating multicurrency journals and making Odoo 18 the best cloud accounting software for efficient financial management.

Odoo 18 Reconciliation

Lock Journal Entries

Simplify your month-end close with the enhanced Lock Date Wizard in Odoo 18. This improvement makes it easier to secure journal entries and manage financial periods, ensuring accurate financial reporting with Odoo 18, top accounting software.

Balance in T-Account Form

Visualize your balance sheet in T-account form with Odoo 18. This horizontal balance layout displays debit and credit side by side, offering a clearer view of your financial position.

 

Visa/Mastercard Statement Scanning

The incorporation of OCR (Optical Character Recognition) technology for scanning Visa and Mastercard statements is one new exciting feature to look forward to in Odoo 18. Data can be easily extracted from statements and uploaded into the accounting system. 

 

 

Manage Budgets on Analytical Accounts

Budgets were calculated using both budget positions and analytical accounts. Now the budget is only calculated using analytical accounts. Furthermore, a new field called “mandatory amount” has been added to the budget line, which is calculated from the analytical distribution of the purchase order line. This change simplifies budget management and improves financial tracking. A new budget report overview has also been created to improve financial supervision.

The budget has also been added to many reports. From the report you can see the status compared to your budget and you can also directly view and adjust a budget.

 

 

Assets Non-depreciable Value in Percentage

You can set the non-depreciable value in percentage on your asset model with Odoo 18. This allows you to accelerate the activation of an asset from the posting of the supplier invoice. You no longer have to enter the residual value manually.

 

 

Financial Budgets

Odoo 18 introduces financial budgets, a brand-new feature that enables the forecasting of revenue and expense accounts, with comparisons to actuals, directly on the profit and loss statement.

 

Invoice Edition

 

In Odoo 18 invoice edition, product and description are placed in one column with layout configuration preview and tax selection guide.

Odoo 18 Invoice

Abnormal Invoice Alert

Benefit from a statistics-based alert system that automatically identifies abnormal amounts and dates on invoices, enhancing accuracy and control in your invoicing software.

 

More in Banks

  • Improved UX for Bank reconciliation

  • More providers

  • Improved batch payments matching

More in Reports

  • Annotations revamped

  • Journal report update

  • Date selection improved

Miscellaneous

  • Intercompany transactions

  • Improved asset management and import

  • Automated entries naming

  • Email alias on misc journals

  • Improved link with Documents app

  • Improved expenses integration

Odoo 18 stands out as the best accounting software with its comprehensive suite of features designed to enhance your financial management.

From advanced cloud accounting software capabilities to innovative invoicing software solutions, Odoo 18 delivers unmatched efficiency and accuracy. 

Experience the future of financial management with Odoo 18.

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