Easily Reconcile

your Invoices & Payments

with the Brand New
Bank Statement Interface
Frdric Gilson Odoo Professional Services

Topics
1

o Introduction: What? Why?

2

o How easy is it?

o3 Demonstration
o Conclusion
4

Introduction

Introduction
Why recording Bank Statements in Odoo?
o Record payments in your accounting
o Monitor your cash level
o Track the remaining balances your clients have to pay
o Process follow-ups actions

o Bank statements can be imported in CSV & CODA.

Introduction
The Bank Statement enables to reconcile journal items.

o Link Payments to Invoices in order to update the balance

to be paid.
o Both for Customer & Supplier Invoices.
o If the balance = 0, the Invoice is marked as Paid.

How easy is it ?

How easy is it ?
As an Accountant, my weekly tasks consist in:
o Generate customer invoices & Encode supplier invoices
o Process supplier payments
o Importing bank statements in Odoo
o Reconciling bank statement lines with invoices
o Send appropriated payment reminders to clients

How easy is it ?
Let's see how an Accountant will love
the new Odoo 8 Bank Statement Interface...

How easy is it ?
1. Full payment
o Customer Invoice : 500 (tax included)
o Payment : 500

How easy is it ?
2. Partial payment
o Customer Invoice : 500 (tax included)
o First Payment : 250

o New invoice balance : 250

How easy is it ?
3. Discount
o Customer Invoice : 500 (tax included)

2 % discount on total amount if paid in the 7 days

o Payment : 490

How easy is it ?
3. Discount
o Customer Invoice : 500 (tax included)

Discount of 2 % on total amount if paid in the 7 days

o Payment : 490

o Invoice marked as paid

How easy is it ?
4. Multi-currencies
o Customer Invoice : $500 (tax included) = 389.59
o Payment in USD to an EUR bank account : $500 = 381

How easy is it ?
Set up some specific balance operations to save
time and avoid encoding mistakes

How easy is it ?
Keep specific balance operations in memory to save
time and avoid encoding mistakes.

Conclusion

Conclusion

With Odoo Accounting, import your bank

statements and easily reconcile invoices &
payments in order to drastically improve your
follow-up process.
This new bank statement interface will be available in Odoo 8.

Questions ?

Thank You
Odoo
sales@odoo.com
+32 (0) 2 290 34 90
www.odoo.com

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Chausse de Namur 40
B-1367 Grand Rosire

Sales office
Avenue Van Nieuwenhuyse 5
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