Accounting

You can. We fix the cut-over date and post the trial balance as at that date into Odoo as the opening entry. Open customer invoices and vendor bills are transferred one by one, so that the aged report works correctly. When the transfer is finished, Odoo's trial balance is compared with the old system's, and we do not go live before the differences are closed. If you want a single-period report at year end, a combined report is taken from the two systems for the first year.

Odoo can connect to banks through third-party providers and pull transactions in automatically. The documentation states that this service requires a valid Odoo Enterprise subscription. Accounts are synchronized every 12 hours by default, and some providers allow one refresh per day.

We check before the setup whether your bank is supported. If it is not, you upload the statement file into Odoo; the reconciliation runs on the same screen, in the same way. So even without the automatic connection, your bank reconciliation flow keeps working.

For each statement line, Odoo looks at the amount, the partner and the description and suggests the invoice or payment to match; you confirm it. For recurring transactions you define a reconciliation model, and those transactions are suggested on their own next time. It writes the small remaining difference to the account you specify and leaves a partial match open.

You do not have to. You send the PDF bill to an email address or drag it onto the purchase journal; Odoo reads the partner, bill number, date, due date, currency and lines and opens a draft bill. This digitization service runs on credits: one document uses one credit. XML invoices carry structured data, so they use no credits.

Odoo Accounting supports a multi-company structure, branches and consolidated reporting. It works with multiple currencies and produces the exchange difference entry automatically. During the setup we define separately which chart of accounts and journals each company uses; you take the reports both per company and consolidated.

You export the Trial Balance, General Ledger, journal and Partner Ledger reports from the screen as files. The e-Defter (electronic ledger) file is produced in Odoo as well; we test that flow together during the setup. If your accountant prefers, we open a read-only user for them and they pull the reports themselves. Asking them at the start which file format they want speeds the job up.