Accounts receivable and payable

• Invoice digitization: AI OCR automatically reads vendor bills and customer invoices.
  
• Duplicate invoice detection: flags duplicates before posting to prevent errors.
  
• Instant drafts: automatically generate draft invoices from sales, projects, or subscriptions.
• Credit control: receive instant alerts when customers exceed credit limits.
• Automatic reminders: send automated email, SMS, or WhatsApp reminders to maintain cash flow.
• Refunds and credit notes: Create them directly from any invoice.
• Multicurrency support: daily exchange rate updates for international operations.

Payments and collections

• Online payments: accept payments through Stripe, PayPal, Authorize.net, Adyen, Alipay, and other providers.
• Customer portal: let customers view, download, and pay invoices online.
• QR payments: enable one-tap mobile payments through banking apps.
• Direct debit: collect recurring payments automatically in accordance with SEPA requirements.

Supplier payments and intercompany settlements

• Batch payments: Group multiple invoices and pay them in one click.
• Electronic transfers: Automate payments worldwide through ACH and ISO20022.
• Check printing: Print checks in batches directly from Odoo.
• Approval workflows: Configure multilevel approvals for large or sensitive payments.
• Intercompany transactions: Automatically create and reconcile intercompany bills and invoices within the group.

Bank account and cash management

• Bank feeds: automatically import statements in OFX, QIF, CSV, CAMT.053, or CODA format.
• PDF preview: view attachments directly in the transaction list.
• Smart reconciliation: automatically match approximately 95% of transactions with AI-powered reconciliation.
• KYC verification: Automatically verify payments with built-in KYC checks.
• Audit locks: Protect accounting periods with lock dates and immutable journals.

Reporting and control

• Real-time KPIs: Monitor department performance in real time.
• Cash flow forecasting: Use AI to forecast liquidity based on payment activity.
• Anomaly detection: AI automatically identifies tax errors and unusual transactions.
  
• Annual reports: A consolidated balance sheet, profit and loss statement, and trial balance in a single report.
• Spreadsheet 3.0: Model scenarios directly from current financial data.
• Invoice analysis: Compare totals in the company's currency for consistency across global operations.
• Scheduled reports: Automatically generate month-end reports and board packs.
• Minority interests: Automatically incorporate partial ownership and noncontrolling interests into consolidated reports.

Budgets and analytics

• Analytic accounting: Track costs by project, department, or contract.
• Budget control: Instantly compare actual results with planned figures.
• Subplans and hierarchies: Create multidimensional views for deeper analysis

Asset and revenue recognition

• Asset register: Automatically track fixed assets, calculate depreciation, and generate reports.
• Deferred entries: Allocate revenue and expenses across accounting periods.
• Deferral adjustments: Apply one-time or recurring deferrals with ease.
• Bulk editing: Update multiple records in one action.

International standards and localizations

Odoo Accounting supports fiscal localizations for different countries, including charts of accounts, taxes, document formats, and financial reporting. The available features depend on the country and Odoo version.