Aim
Welcome to “Empowering Finance Teams with Odoo: An Advanced Financial Management Training Course,” a specialised training program to equip finance professionals with the expertise and tools needed to leverage Odoo’s robust financial management capabilities for strategic decision-making and operational excellence.
In today’s dynamic business environment, effective financial management is essential for driving growth, mitigating risks, and ensuring long-term sustainability. With Odoo’s integrated suite of financial management tools, finance teams can streamline accounting processes, gain real-time insights into financial performance, and optimise resource allocation for maximum efficiency.
Whether you’re a seasoned finance professional or new to Odoo’s financial modules, this course will provide comprehensive training on leveraging Odoo’s Accounting, Invoicing, and Reporting modules to enhance financial visibility and control.
Outline
1. Introduction to Odoo Financial Management: This course will help you gain a deep understanding of Odoo’s Accounting module, including how to set up a chart of accounts, journal entries, and bank reconciliation processes. You will also learn how to navigate the Odoo interface and use key financial features.
2. Streamlining Invoicing & Payments: Explore Odoo’s Invoicing and Payment modules to streamline billing processes, automate invoicing workflows, and track customer payments efficiently. Learn how to generate invoices, manage payment terms, and reconcile accounts receivable effortlessly.
3. Budgeting: Discover how to create, monitor, and analyse budgets within Odoo to align financial resources with strategic objectives. Learn how to set up budgetary controls to track actual vs. budgeted performance.
4. Financial Reporting & Analysis: Harness the power of Odoo’s reporting and analytics tools to generate comprehensive financial reports, including balance sheets, income statements, and cash flow statements. Learn how to create custom reports, dashboards, and KPIs to monitor real-time financial performance.
5. Integration with Other Odoo Modules: Understand how Odoo’s Financial Management modules seamlessly integrate with other Odoo applications, such as Sales, Purchases, and Inventory, to provide a holistic view of business operations. Learn how to leverage integrated data to make informed financial decisions.
6. Making Tax Digital (MTD): In this workshop, participants will gain a comprehensive understanding of Odoo’s Making Tax Digital (MTD) features, focusing on compliance benefits and requirements. We’ll cover the initial setup, connecting to HMRC, and configuring VAT settings. Attendees will learn how to create, manage, and submit VAT returns, record transactions, and leverage Odoo’s built-in compliance features and audit trails. The seminar will also highlight best practices for maintaining accurate financial records, ensuring data integrity, and facilitating external audits. Practical exercises and a Q&A segment will ensure participants can use Odoo’s MTD capabilities effectively.
By the end of this course, you will be equipped with the skills and knowledge needed to harness the full power of Odoo for financial management excellence. Join us on this journey as we empower finance teams to drive strategic decision-making, optimise financial processes, and achieve business success with Odoo.
| No | Seminar | Agenda |
|---|---|---|
| 1 | Intro to Accounting Configuration | - Navigation and basic setup of Odoo Accounting (Configuration) - Preparing the Chart of accounts - Setup of Taxes and Journals |
| 2 | Managing Invoices, Payments, Vendor Bills & Accounts Payable | - Creating & managing customer invoices (Creation of invoices from Sales Orders, down payment handling & deduction) - Tracking accounts receivable (Payment follow-ups, aged receivable report) - Recording & reconciling payments received - Processing vendor bills in Odoo (Methods of inputting vendor bills into Odoo, including OCR) - Managing accounts payable (payment planning, aged payables) - Recording & reconciling payments to vendors |
| 3 | Bank Setup & Reconciliation | - Synchronising Odoo with your bank accounts - Reconciling bank statements with Odoo records - Configuration & usage of reconciliation models |
| 4 | Asset Management & Depreciation | - Managing fixed assets in Odoo (Manual creation, creation from vendor bill, import) - Recording asset acquisitions, disposals, and depreciation - Understanding the impact of asset management on financial statements |
| 5 | Budgeting, Financial Reporting & Analysis | - Setting up budgets in Odoo (analytic accounts, budgetary positions & budgets) - Monitoring budget vs. actual performance - Generating financial reports in Odoo (Profit & Loss, Balance sheet, other and custom reports) - Deep-dive into the configuration options of these reports - Analysing financial data to make strategic decisions |
| 7 | Making Tax Digital (MTD) | - Understanding MTD Requirements - Introduction to Odoo's MTD Features - Setting Up MTD Compliance in Odoo - Generating & Submitting VAT Returns - Digital Links & Data Integration - Best Practices for MTD Compliance |
We provide training by real people, allowing you to ask questions and interact with the trainer directly. Our courses are designed as standard modules, but we can adjust the content to suit your needs, covering specific subjects in more detail or omitting those that don’t apply.
If you prefer a tailored course specific to your business, we would be delighted to offer that. This includes extra preparation time and an optional initial session to discuss your business and how you use your ERP system.
We also offer the possibility of onsite training and would be happy to discuss this with you.
