Odoo’s invoicing allows you to automatically convert your quotes to invoices, and forward them to your clients. You also enjoy an automated creation and delivery of recurring invoices based on order, time and contract.
Odoo invoicing has a follow-up feature that comes in very handy in reducing the awkwardness of credit collection. This feature helps you streamline your billing, and receive payments from your customers right on time.
Each of your clients also gets to have a customized portal. And from this portal, they can monitor their orders with your business, check each invoice and complete each order’s payment with their credit cards or by scanning QR codes generated by the system.
Odoo also ensures that you encounter no difficulty receiving payments from your clients. You can very easily accept payment from a number of online platforms like Stripe, PayPal, Authorize.net, Adyen, and Buckaroo. However, you get to pay a connector fee to be able to use some of these platforms for online payments.
Cash and Bank
Odoo invoicing has a bank account tracking feature that empowers users for error-free reconciliation. It helps you monitor your invoices – draft, unpaid and paid. In addition, its direct reconciliation proposition ensures that your payments (online, cash, and bank) are rightly matched with their invoices. You can also record your bank and online transactions automatically by importing corresponding bank statements.
The software supports more than 15,000 banks and allows for automated bank feed, accurate register management, and multiple-format statement transfer. You also have system-generated reconciliation reports to help you during auditing.
Analytic invoicing hasn’t been more simplified than in the Odoo invoicing application. With this feature, you can manage more than one analytic account, automate their structures, integrate and rightly distribute your entries across your accounts. You can also analyze this application according to product, client, employee or company.
Odoo takes billing reports a notch higher by ensuring that you can generate reports and synchronize them across multiple company profiles. From the customizable invoicing dashboard, you can automate the calculation of your P and L, annotate each report and set your users’ lock entry.
Integrations and Add-Ons
Odoo’s vast integrations and customizations make it an excellent choice for businesses that thrive on flexibility. In addition, the entire suite features 39 other applications you can easily purchase to have all your business tools in one place.
You can also integrate the Odoo invoicing software with Google spreadsheets to make invoicing less burdensome for your business. Its API also ensures that you sync your invoicing tool with other third-party applications for improved efficiency. We can’t leave out the Odoo Studio app that allows you to build applications that are unique to your business – even without coding experience.
You can also integrate the Odoo invoicing application with TaxCloud, VOIP, and eCommerce plug-ins like eBay and Amazon. You can also sync shipping services like UPS, EasyPost, FedEx, and DHL with the software. However, each of these integrations comes at an additional fee paid monthly.