Accounting and Invoicing - Odoo

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Expense and revenue recognition and one-shot entries

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Learn everything you need to grow your business with Odoo, the best open-source management software to run a company, at https://www.odoo.com/slides In this video, learn how to manage expense and revenue recognition and one-shot entries. Need more information about Odoo apps? https://www.odoo.com/documentation/user Discover Odoo, schedule a demo, or start your own Odoo revolution for free (no credit card required), at https://www.odoo.com

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1. What is the main difference between "Deferred" and "Accrued" payments in Odoo?

Deferred refers to payments for products, while Accrued refers to payments for services. Deferred refers to payments recognized before delivery, while Accrued refers to payments recognized after delivery. Deferred is only for local vendors, and Accrued is exclusively for international customers.

2. Which button in the "Journal Items" tab allows you to perform a one-time accrued entry (one-shot entry)?

The "Cut-off" button. The "Delete" button. The "Print" button.

3. What happens when you use the "Change Period" action on multiple journal entries at once?

Odoo automatically doubles the price of all selected products to increase the company's profit. The system sends an automated email to all vendors asking for a refund for the selected periods. You can set a recognition date and an accrued account for all selected entries to handle them as a batch.

Accounting and Invoicing - Odoo

Expense and revenue recognition and one-shot entries

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