Accounting in Odoo with manaTec und FPA Services
Strong partners for a transparent accounting
24 June, 2021 by
Accounting in Odoo with manaTec und FPA Services
manaTec GmbH, Christoph Lehmann
 


Odoo's accounting module is a great way to display our finances in a simple and clear way. The dashboard gives us a very good overview of the transactions within our journals, such as the incoming and outgoing invoices, as well as their evaluation.

With the generation of incoming and outgoing invoices, Odoo also creates posting records including receipts. Until now, checking whether an invoice had been paid was done manually by reconciling account movements and confirming incoming and outgoing payments in Odoo.

The overview of the accounting module, which shows all invoices.
The overview of the accounting module, which shows all invoices.

There are two ways to (partially) automate this process: the bank connection to Odoo and the connection to DATEV. With the bank connection, we link Odoo with our bank account. Through a synchronization, all account transactions are automatically imported into Odoo. In order for invoices to be marked as paid, they must be reconciled. Reconciliation of entries is mainly done manually in Odoo, but can be automated for recurring entries. We will describe how the bank connection is set up in Odoo and exactly how it works in one of our next blog posts.

We, manaTec GmbH, do not only support you with the configuration of the accounting module. Through our many years of working with Odoo, we have become familiar with the accounting processes and also offer process-related and operational support with our Odoo Accounting Support .

manaTec GmbH

manaTec GmbH

We are a motivated IT start-up from Dresden and are characterized by special competencies in the areas of Odoo consulting and development, project management, BI consulting and IT support. With our expertise we support the implementation of the preparatory accounting in Odoo. Thus, we continuously ensure the correct configuration as well as the correct posting of invoices and incoming payments in Odoo.

Our accounting support includes, among other things, the posting of incoming and outgoing invoices as well as cash movements, the checking of tax rates and accounts when creating new products or the posting of payments via bank reconciliation.

The connection to DATEV is much more complex compared to the bank connection, but it also offers numerous possibilities. In cooperation with our partner syscoon GmbH, we offer a complete module package that makes it possible to conveniently export the accounting records from Odoo to DATEV or import them from DATEV into Odoo in order to automatically mark invoices as paid in Odoo, among other things.

syscoon GmbH

syscoon GmbH

syscoon GmbH is an owner-managed consulting and IT company specializing in the Odoo business software. With extensive expertise in tax and financial consulting, syscoon GmbH provides support especially in the integration and migration of accounting in Odoo. Not only in Germany, but also in Austria, Switzerland, Denmark and the USA.

To the website

In addition to installing the modules, we provide support in setting up and configuring the DATEV Connector in Odoo. This includes, among other things, the configuration of the company master data, the access rights for the users, the standard accounts and taxes as well as the provision of templates for debtor and creditor accounts for the preparation and preparation of the import, including a successful test export for import into DATEV. We always pass on our know-how to the key users of our customers within the framework of a workshop.

For the support of more complex financial processes in the context of financial and payroll accounting, we rely on the expertise of our partner FPA Services GmbH. Especially for the outsourcing of complete accounting processes FPA Services GmbH represents a reliable partner. The big advantage is that FPA itself has been working with Odoo for many years and also uses the connection to DATEV for itself and its customers.

FPA Services GmbH

FPA Services GmbH

FPA is a spin-off of ARTS Holding SE - a solution provider for technical and personnel challenges of industrial companies. FPA has transferred the core business of the parent company, business process outsourcing for HR and engineering, to the financial world and successfully established it as its business model. In doing so, FPA not only takes over and optimizes entire processes, but also integrates innovative digital solution concepts in finance.

To the website

Within the scope of financial accounting, FPA supports, among other things, the preparation of monthly, quarterly and annual financial statements, account reconciliation, audit security in document management systems or the management of intercompany relationships. With regard to payroll, FPA excels in supporting the preparation of monthly gross-net payrolls, the management of payroll accounts, the submission of required regulatory notifications or the processing of company pension plans, among others.

In summary, we can say that both the bank connection and the connection to DATEV relieve us of some manual activities and partially or even completely automate our account reconciliation. The decisive factor for choosing the right approach is how many posting records are processed and to what extent the reconciliation of the posting records is to be automated.

For the processing of a few booking records, we recommend the bank connection, which saves us the manual import of the booking records from our bank account. Reconciliation in Odoo is then performed manually at the customer's site or outsourced by our Odoo Accounting Support.

If the reconciliation process is to be as fully automated as possible for a large number of accounting records, we clearly recommend the connection to DATEV. The export to DATEV as well as the import into Odoo save high manual efforts and a lot of time and enable a smooth and fully integrated process. With the support of our partner, FPA Services GmbH, we place this process in the trusting hands of a financial expert and have the opportunity to focus on our core processes.

Are you interested in the bank connection or the connection of DATEV to Odoo or do you need support for the mapping and execution of your accounting processes? No problem!  Contact us now and we will be at your disposal as a reliable Odoo partner with many years of expertise, especially for financial processes in Odoo, and strong partners!

 
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