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What Is Odoo/Open ERP?

Odoo is a large collection of business-related applications and modules like CRM, Sales management, E-commerce, Warehouse management, Purchase management, Accounting suit, Manufacturing management, HRMS etc.. All these basic modules collectively called as Enterprise Resource Planning software.

Odoo Versions

Odoo is an open source software that is available in three versions, two of which are local while the other is hosted in the cloud. More than 7,300 apps are available. The cloud-based Online Edition of Odoo ERP offers a customized solution specifically designed to solve SME needs. In this highly modular solution, each business function is carried out by a dedicated app. This allows growing businesses to start with a few apps and to adopt more as their needs change and evolve.

Now what makes it different?

Clear Documentation

Odoo is very easy to use and on the other hand it provides a lot of functionality that could help any business to manage everything.

Fully Featured & Flexible

Odoo even provides automation, powerful mailing system.

Optimised For Mobile

Want some modifications for your Business application? Odoo provides functionality to modify their existing applications according to your needs.

User Friendly

For developers like me, easy to learn and easy to develop providing a lot of knowledge.

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International Standards

Odoo accounting supports more than 50 countries. The Odoo core accounting implements accounting standards that are common to all countries.

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Calculate the tax you owe

Odoo totals all your accounting transactions for your tax period and uses these totals to calculate your tax obligation.

ACCOUNTING

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Wide range of financial reports

In Odoo, you can generate financial reports in real time. Odoo’s reports range from basic accounting reports to advanced management reports.

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Accounts Receivable & Payable

By default, Odoo uses a single account for all account receivable entries and one for all accounts payable entries.

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Multi-currencies

For transactions occurring in another currency, Odoo stores both the value in the currency of the company and the value in the currency of the transaction.

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Supports both accrual and cash basis reporting

Odoo allows one to manage several companies within the same database. Odoo accounting supports more than 50 countries.

Expenses

The first step to track expenses is to configure the expense types (managed as products in Odoo) that your company allows, from the Configuration menu. When a specific expense is reimbursed at a fixed price, set a cost on the product. Otherwise keep the cost at 0.0 and employees will report the real cost per expense.

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Inventory management system

When you track your products, you can predict how much you’ll sell in the future, find them faster for your customers, and reorder before you run out of product. Inventory management systems track goods through the entire supply chain or the portion of it a business operates in. That covers everything from production to retail, warehousing to shipping, and all the movements of stock and parts between.

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Point of sale

Odoo’s online Point of Sale application is based on a simple, user friendly interface. The Point of Sale application can be used online or offline on iPads, Android tablets or laptops.
Odoo Point of Sale is fully integrated with the Inventory and Accounting applications. Any transaction in your point of sale will be automatically registered in your stock and accounting entries but also in your CRM as the customer can be identified from the app.

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