Tag: odoo development company

Top 10 Insane Benefits of Odoo eCommerce Platform

Posted on by probytesnextjs

We are living in a dynamic environment, where everything keeps on changing with time. Online businesses are also updating themselves continuously in order to stay relevant and compete with newer business models in the market.

Today, the E-commerce business owners want to build not just a website, but a large online shop. They want efficient modules that can be integrated with customer management and ERP systems.

This is where Odoo comes into the picture. Many businesses are using Odoo to improve their E-commerce websites.

In this section, we will discuss the benefits of Odoo for E-commerce business. Before discussing the benefits, let’s just have a quick overview of Odoo.

Benefits of Odoo E-commerce Platform

Odoo is beneficial to E-commerce business in many ways. Some of the benefits of Odoo for E-commerce include:

1. Craft Spectacular Product Pages:-

Pages with a long description are outdated now. You should have a superior quality product page for your E-commerce website as your branding is based on your products. Odoo provides you with a simple drag and drop option. By using Odoo you can create gorgeous product pages.

You can customize colors, layouts, themes, and looks of your E-commerce store. You can make changes in your E-commerce store page on regular basis to make it more attractive. Odoo also allows you to make last minute changes to fulfill client’s demand.

2. Payment Gateway:-

With the help of Odoo, you can choose the compatible payment option for your E-commerce store. It will provide you the flexibility of payment method. It will also facilitate you with customizing payment through various payment modules like a credit card, debit card, PayPal, Visa etc.

You should consider the convenience of a customer while deciding the payment gateways for your E-commerce store. Odoo provides you with an option to make the type of payment preferable to your customers.

3. Manage Products Constantly:-

Every E-commerce store want simple product management feature in their E-commerce store. They need to add new products and delete the outdated product in every now and then. Odoo allows E-commerce business owners to create banners, add images, create product pages and slides etc. It provides an effortless editing and designing feature to E-commerce stores. It merges and integrates the information throughout the system.

4. Customized Software:-

It is one of the top benefits of Odoo. It can be modified according to the individual needs of a business. It has the ability to create or develop features according to your specific request that goes beyond the Odoo’s app store. This feature of Odoo is extremely valuable for your online store. When you make the software fit according to your needs and requirements then you don’t need to change your business practices.

5. Low-Cost Implementation:-

As compared to other software, Odoo has a low cost of implementation. The reason behind this is the free licensing of Odoo. The community version of Odoo has no licensing fees. It does not required payment of any licensing fees. It allows you to invest in customization and implementation only. Some ERPs make delays in reporting and stretch it to weeks or months. On the other hand, Odoo makes up to date reports. Delay in reporting tempts to spend more money by the companies. This cost can be avoided through this eco-friendly feature of Odoo.

6. Huge Range of Module:-

Odoo have numerous modules that can be integrated and customized effortlessly on your E-commerce website. It will simplify your business process. It provides you with multiple modules where you can manage sales, customer, warehouse management, accounting, human resource management, purchase etc. It acts as a resource planning software. It also allows you to implement other modules such as point of sale of your E-commerce store.

7. Scalability:-

With the help of Odoo you can scale the magnification and abilities of your E-commerce store. The scalability feature of Odoo provides you long lasting business. Not only present but you can see the future of your business also. If you are scaling up your employees, you can add more users to your account. If you want to add more functions to your business you can add new modules. This is how scaling takes place.

8. Make Your Business Profitable:-

The combination of Odoo with E-commerce make your business more profitable as it analyzes correct sales and inventory level. With the help of Odoo, you can smoothly maintain sales and inventory via reporting and automatic stock adjustments

It keeps the customer data in an organized manner with order tracking and claims. It allows the customers to download invoice and delivery orders and to view their pending shipments. It also allows the store owners to put add-on connectors in order to manage shipping services.

9. Multiple Options to Choose From:-

Other ERP software allows you only either premise hosting or cloud hosting. Odoo, on the other hand, gives you both the options and you can choose the best option for your E-commerce store. It also allows you to choose from various versions of Odoo such as community version, enterprise version, on-line version, Odoo version 8, Odoo version 11 etc.

The community version of Odoo is useful for small scale businesses. The enterprise version of Odoo has all features and it is affordable also and uses by all businesses i.e. small, middle and large scale businesses.

10. Faster Return on Investment:-

Odoo provides you faster ROI on your E-commerce business. You can use SaaS-based or cloud-based Odoo services to lessen your cost. Businesses use different Odoo models to automate their business process in order to generate better revenues.

You can use Odoo even when you are traveling because of its cloud-based solution. You can access the E-commerce store from anywhere at any time. All you have to do is log in with your id and password and manage your E-commerce website.

Odoo is beneficial for you as it facilitates the effective management of your online store. It will provide you 24×7 accesses to your E-commerce store so that you can manage it in a better way and generate great revenue for your business.

It has distinct features and versions that are profitable for your business. So if you want to have an edge over your competitors in the ecommerce business realm, then Odoo can be your best friend in this endeavor.

All About Odoo Accounting Software

Posted on by probytesnextjs

You know, it’s quite easy to lose track your productive time, being engaged in the usual unproductive affairs of your business such as paperwork, spreadsheets and getting all the different pieces of software to actually work together.

But this may leave little time for endeavors that are essential for the growth of your business such as product development, marketing strategies, customer service etc. Now this is where Odoo can be your life boat.

Odoo’s suite of more than 25 open source business apps is comprehensive, fully integrated and most importantly, easy to use. It easily creates a fully integrated professional website for your business and manages your relationships with customers. Also, it facilitates effective online marketing as well as secures online payments for ecommerce.

What is Odoo Accounting Software?

Odoo’s accounting software specially is a class apart. It is capable of catering to businesses of any size. It is elegant, user-friendly and loaded with features. Let’s have a look what Odoo exactly does.

Odoo accounting software allows companies to provide advanced solutions to their customers and helps them to gain productivity. Behind the scenes, Odoo apps help you with tasks like managing your warehouse invoicing and accounting. Moreover, it has apps for all your business needs and they all work together seamlessly.

Expanding Business Through Odoo

Let’s take an example of John, who has a successful hat store. John would like to attract more customers, so he decides to start selling his hats online. With Odoo CMS and ecommerce, John’s online shop is up and running in a few days.

Thanks to Odoo, John can easily chat with website visitors, handle payments and manages deliveries. As orders pour in, John recruits more people and extends his product line. John decides to manage his customer relations, his stock, employees and even accounting through Odoo. Now, John can focus on growing his business rather than connecting various systems together.

Similarly, in little to no time, you too will be able to run Odoo effortlessly. Seize the chance to simplify. Join more than two million users from companies of all sizes, growing their business with Odoo. The largest organization using Odoo has 300,000 users and the smallest just one.

Features of Odoo Accounting Software

Replace manual accounting with computerized accounting:

It is a modern user interface based on Google material design trend and it works fast. It saves time as there is no need for creating invoices manually or printing and registering bank statement.

This is automation software. Also, you can receive an instant access to all accounting features on tablets or phones no matter where you are. It facilitates you to reconcile a payment with various invoices using a button on the payment form.

Moreover, you can get your bank statements automatically synced with your bank. You can also manage your entire business in one place.

Accounts Receivable:

When you build an invoice, it suggests outstanding payments automatically so that you don’t have to reconcile it later. Odoo supports multiple advanced payments for cash discounts, partial reconciliation, and advance invoice.

The invoices are beautiful, full-featured and extremely easy to create. It also creates draft invoices automatically that are connected with delivery orders, sales order, and timesheets.

Get Paid Easily:

In order to make your credit collection easy, Odoo proposes tasks, follow-up letters and emails spontaneously. Supporting your online payment with credit card facilitates you to get paid quickly.

It provides customers with the facility of tracking their invoices, order status and payments through their portal.  For understanding the use case of each customer, you can receive clear reports and navigate easily.

Accounts Payables:

It gives a clear forecast of your future expenses. It also controls supplier’s bills by simply registering on the forum to post questions and answers. A record is maintained that contains all the information of employee to the validation and reimbursements. This record is helpful to track the expenses of the employee.

Pay bill:

Within a few clicks, you can receive a proposition of supplier bills to pay and print checks. You can keep track of deposit tickets to make you bank reconciliation easy. Odoo supports your own payments flows with optional validation steps. It also automates wire transfers to pay at the right date.

Also Read : Benefits of Installing ERP System in Textile Business

Advantages of Odoo Accounting Software

  • It reduces data error & redundancy

  • Truly comprehensive

  • Reconciles key data 24/ 7

  • Enables quick decision making

  • Cost friendly open source system

  • Easily adjustable as per your business operation

Oddo Accounting Tutorial

  • Journal Define Chart of Accounts, Fiscal year, Key to Proceed

  • Fiscal year Define Accounting >> Periods >> Fiscal Year >> Create >> Fill up Basic information >> Click “Create Monthly Periods” Fiscal year is the length of time for an accounting

  • Create Chart of Accounts Accounting >> Accounts >> Accounts >> Create only check “Allow Reconciliation” option for Payable and Receivable accounts. Like Notes Payable, Accounts Receivable.

  • >>> Construct Chart of Accounts according to the list Internal Type (IT): IT is how the system identifies the certain Account Type (AT): AT is how the user desires to describe a particular account in the financial statement. AT can be created in the system but cannot configure IT anymore. Your Company Name is the name of your company defines during company creation. The code consists with parent account code.

  • Create Journals Accounting >> Journals >> Journals >> Create

  • >>> Create the initial journal account by the following table:

  • Fiscal year define Things to Mind >> Create Chart of Accounts >> In Odoo there are some mapping journals with same debit and credit account. These are called mapping journal. For example sales journal, purchase journal, cash journal.

  • These tasks should be done coherently because each one is dependent on the preceded one.

  • Define Journals as they are a basic requirement for the ERP Without configuring these, we cannot proceed to any other module in Odoo.

How To Download Odoo

Considering Odoo as open source software, you can download the full program from the Odoo website and install it locally on your own computer. Thus, it is the best way of discovering Odoo software.

  • Operate to https://www.Odoo.comand click Download

  • Enter your name, email address and select Windows

  • Click Download Now to download the Odoo installation file

  • The direct download link we’ve used is  http://nightly.Odoo.com/8.0/nightly/exe/Odoo_8.0-latest.exe

Read also : Odoo Guide: Installation, Create Models, Databases, Security and Web Pages

Even though basic software of Odoo is free to download, you need the expertise of a web development team to mould it into a perfect solution for your business.