Features of Odoo 12 (Procurement & Finance)

Configuration Bar

Setup your accounting in 4 steps and get an accounting environment ready to run your company.

Various improvements in usability

New dashboards, graphs, style reports, visual improvements, highlighting.

Currency Rates

Prevents the creation of negative or 0 currency rates.

Tax Report Audit

Click on tax report lines to audit them.

Reverse Entries

Automatically reverse an entry at a specific date.

Bank Synchronization

Switch to new PLAID API with new supported online institutions. Clearer research on bank institutions.

Budget

Choose between analytic or general account budget or both.

Payments & Bank Transfers

Payment is only validated in Odoo once you have proof of payment, it stays as a draft before that. You can also now set up a direct debit on batch payments.

Bank Matching

Ability to create rules based on contact, description, amount, etc. Rules can be processed automatically, manually, or proposed to the user for validation.

Payments

Accounting payments (bank statements) and acquirer payment (credit card) has been merged to ease the reconciliation.

Payment Terms

More flexibility and precision in the payment terms setup. E.g: invoice due in 15 days, the 7th of the month.

Financial Reports

Filters and groups by have been added to the financial reports to allow comparisons.

Analytic Accounting

Improvement on analytic accounting hierarchy on analytic accounts, analytic distribution allowed thanks to the use of analytic tags, new analytic accounting reports, etc.

Fiscal Year

Support of custom fiscal year in case of the beginning of company life.

Menus

Menus have been reviewed to fit the business and ease the human resources process.

Accrual

Get automatically leaves allocation according to a working period.

Usability

The leave type form has been totally reviewed for better management of leaves.

Day based encoding

Ease the record of leaves by selecting days, half-day, or hours.

Validity

Define a period of validity of allocation on the leave type. For instance, legal leaves in 2018 is valid from January 1st to December 31st.

Visibility

Make some leaves visible or not to employees to prevent errors in the encoding of their leaves. For instance, only the HR manager creates sick leaves based on a medical certificate.

Blanket Orders

Bos are taken into account when an RFQ is created. Other usability improvements on blanket orders: stages, vendor field required, adapted for multi-currency, ...

Service

Generate purchase orders automatically for products of type service (MTO). Edit received a quantity of a service on a PO.

Request for quotation

When you create an RfQ for a vendor for which no prices match, the default price is set to 0.

Traceability

If the PO has been triggered by a reordering rule, show that reordering rule as a source document on the PO.

Encoding

Direct access to the expense documents to ease the filling of the expense in Odoo.

Project Overview

Get the expenses and vendor bills related to your project on your project overview. You can also view how much was re-invoiced to the customer.

Attachments

The new "Attach Document" button allows you to select a picture or file to attach to the expense.

Payment

To avoid delay for the employee, the accountant has now a direct link to the expenses report to approve, located in the vendor bills card in the accounting dashboard.

Online Payments

Confirmed online transactions create a payment for easier reconciliation. They also show up as notifications in the document’s chatter for easier follow-up.

Invoicing Communication

Automatically generated communication field based on invoice number added to the payment request for wire payments.

Vendor Bills Auto completion

From habits or from a purchase order.

Stripe

Stripe is now a payment acquirer that can be used to pay either on eCommerce, subscriptions, or classic sales.

Configuration Bar

Setup you accounting in 4 steps and get your invoicing policy ready to use.

OCR & FacturX (IaP)

Invoice data recognition from a pdf or picture to fill in fields of vendor bills.

Credit Notes in Dashboard

Clicking on “View Invoices” from the sales dashboard gives now access to the customer credit notes too.

QR Codes

Let your customers scan a QR code with their banking application to pay. The QR code is on PDF invoices and shows up in the payment screen of quotations & invoices.

Currency

Automatically synchronize your currency exchange rates regularly with a new provider XE.COM

Germany

Our experts are now certified by DATEV. Layout adapted for localization. Export XML to import on ELSTER.

Spain

Mod 347 report, mod 349 report, BOE exportation for all supported mod reports.

United States

Improvement of check templates.

Australia

New ABA files for Australian bank payments.

Switzerland

Compliance with the tax reform of 2018. ISR reference added to the bank accounts.

Hong-Kong

The accounting localization (CoA, taxes, ...) for Hong Kong is now available.

Colombia

Electronic invoice through an XML file.