Odoo’s Invoicing app is a powerful tool for managing all aspects of the invoicing process. With its user-friendly interface, you can quickly create professional-looking invoices, manage payments, handle refunds, and generate a variety of reports to help you make informed decisions. This application offers a wide range of features, including multi-company compatibility, automated tax reporting, and the ability to import bank statements to help streamline your invoicing processes. Additionally, it offers a variety of payment options, including online payment gateways, making it easy for your customers to pay you. 

Three Pillars of Odoo Invoicing

Get Paid Faster: With Odoo’s Invoicing app, you can speed up your payment process and get paid faster. The app offers a variety of payment options, including online payment gateways, making it easy for your customers to pay you quickly and securely. It also offers automated follow-ups, helping you to stay on top of unpaid invoices and ensure timely payments.

Simplifying your Accounting: Odoo’s Invoicing app simplifies the accounting process, making it easy to create professional-looking invoices, manage payments, handle refunds, and generate reports. The app offers multi-company compatibility, automated tax reporting, and bank statement imports, all of which help streamline your invoicing processes and save time.

Analyzing your Sales: Odoo’s Invoicing features offer a range of powerful reporting tools to help you analyze your sales data and make informed decisions. With customizable dashboards and comprehensive sales reports, you can quickly access key sales information, such as top-selling products, customer behavior, and revenue trends. These insights can help you identify areas for improvement and optimize your sales strategy for better results.

Odoo Invoicing Features

Invoice Management

• Generate Professional Invoices: Easily create clear and complete invoices with a professional appearance in just a few seconds.
• Print or Send via Email: Choose to either print a hard copy of your invoices to send by post or send them instantly by email.
• Process Refunds: Create credit notes and handle reimbursements for a streamlined refund process.
• Multi-Company Compatibility: Automatically synchronize orders and invoices across multiple companies for more efficient management.
• Address Autocomplete: In Europe, input a valid VAT number to have Odoo automatically fill in the customer’s name and address.
• 3-Way Matching Payments: Ensure accuracy by comparing received payments with vendor bills before issuing payments.
• Manage Supplier Invoices: Keep track of supplier invoices within the system to better manage payments and accounting integration.
• Handle Recurring Invoices: Easily set up and manage recurring invoices based on contract specifications and payment frequency.
• Include Incoterms: Utilize Incoterms® standards to ensure that contract terms are properly specified.
• Payment Terms: Manage payment terms with a simple interface for easy tracking and monitoring.
• Customer Payments: Batch deposit functionality is available for faster and more efficient processing of customer payments.
• Customer Statements: Use a single interface to manage follow-up tasks related to customer statements.

Handling Payments

• Invoice Management: Gain a comprehensive overview of all invoices and easily filter them by status for better organization.
• Payment Options: Use SEPA payments for European transactions and print checks in US format for domestic payments.
• Bank Statement Import: Save time and reduce errors by automatically linking payments to your bank accounts with imported bank statements. Sync with 24,000 banks, primarily in the US, Australia, and New Zealand, and import files in OFX, QIF, CSV, or CODA formats.
• Multi-Currency Support: Allow customers to pay in their own currency with an automatic currency converter that records gains and losses for each conversion. Currency rates are automatically updated based on a chosen frequency (daily, weekly, or monthly).
• Online Payment Options: Send invoices by email and include a link to authorized payment platforms such as Paypal, Ingenico, Buckaroo, or Adyen for secure and efficient online payments.
• Batch Payments: Streamline the payment process by selecting and paying multiple vendor bills at once. Credit a batch of customers via SEPA Direct Debit or credit card tokens.
• Automated Follow-Ups: Set up automated steps and actions to be taken by the system in the event of a payment issue, saving time and ensuring prompt resolution.

Streamlined Reporting

• Accounting Reports: Access comprehensive reports for journals, legal statements, charts of accounts, and more, providing a full view of your accounting data.

• Sales Reporting: Quickly access key sales information with customizable and dynamic dashboards, enabling better decision-making and tracking of performance metrics.

• Automated Tax Reporting: Streamline tax calculation and reporting by setting up automated tax rules that accurately calculate taxes and define rounding parameters for more accurate reporting.

 

Simply put, Odoo’s Invoicing app streamlines the invoicing process with features like professional invoice creation, payment management, and comprehensive reporting. It offers multi-company compatibility, automated tax reporting, and bank statement imports, along with online payment gateways and automated follow-ups for faster payments. With customizable dashboards and detailed sales reports, you can analyze sales data and make informed decisions. Whether you’re a small business owner or a large enterprise, Odoo’s Invoicing app is a valuable tool for optimizing your invoicing process. 

Contact the Bista Solutions team for more information or a free consultation/demo. As an Odoo Gold Partner with decades of experience, a global presence, and 5 awards for Odoo Best Partner North America, our ERP experts can customize solutions to suit your business needs. Trust us to provide top-quality service, connect with us here.