Book Image

Odoo 10 Implementation Cookbook

By : Mantavya Gajjar
Book Image

Odoo 10 Implementation Cookbook

By: Mantavya Gajjar

Overview of this book

Odoo is a Python-based ERP system and is completely open source. Odoo is a comprehensive suite of business applications offering a wealth of functionalities that can be deployed to meet your business needs. This book will help you manage the different functionalities of your business and optimize it. You will learn in detail about the various facets of the business process such as sales, accounting, purchases, manufacturing, and inventory. We will cover each of these topics in detail and learn how Odoo handles all these tasks with much ease. With its modular approach, you will be able to build customized solutions, take advantage of the Odoo 10 system in your organization, and master basic administration. We will cover modules and applications in Odoo that will help optimize quality checks. You will also be able to customize major reporting functions for your teams and set up forms and documents for sales, purchase, inventory, and so on. By the end of the book, you will be able to use the major functionalities of Odoo 10 and fully implement them into your business.
Table of Contents (23 chapters)
Title Page
Credits
About the Author
About the Reviewer
www.PacktPub.com
Customer Feedback
Preface

Multi-company and intercompany transactions and rules


Starting a new company in a different country is a way to scale the business. Scaling a business will bring more revenue to the business. At the same time, if you don't track the financial activity, it can be converted to a big loss too. There are many challenges to overcome in managing a subsidiary company. Some challenges are listed here:

  • Setup, that is, working with a different chart of accounts and different fiscal period
  • Localization reports for the parent and subsidiary companies
  • Consolidation of numbers in different reports (Profit and Loss and Balance Sheet are the main reports)
  • Managing an intercompany transaction (a transaction in one company will be recorded to the other company automatically)
  • Managing intercompany access rights

There are many such challenges to be addressed in order to succeed in setting up and working in a multi-company environment.

Let's see how Odoo can manage all your challenges to scale business and get consolidation...