{"id":690,"date":"2021-09-28T11:18:09","date_gmt":"2021-09-28T11:18:09","guid":{"rendered":"https:\/\/store.ksolves.com\/blog-beta\/?p=690"},"modified":"2022-03-15T17:52:20","modified_gmt":"2022-03-15T12:22:20","slug":"the-best-odoo-financial-reporting-app-to-manage-finances-125","status":"publish","type":"post","link":"https:\/\/store.ksolves.com\/blog\/odoo\/the-best-odoo-financial-reporting-app-to-manage-finances-125","title":{"rendered":"The Best Odoo Financial Reporting App To Manage Finances"},"content":{"rendered":"

Whether a business is manufacturing rockets or t-shirts, they narrate their story utilizing the identical language \u2014 financial reports\/statements when it comes to measuring success. When you are reporting your business performance to the various stakeholders- investors, marketing team, management, Odoo Dynamic Financial Reports<\/a> can help you present various reports with smart data computation.<\/p>\n

There are many ambitious entrepreneurs, business owners who start their business as they are marvelous with their ideas and what they do. However, they often lack business acumen. Thus, even though they know exactly what makes their clients happy, they sometimes falter with the finances. Odoo Dynamic Reports provides 12 different types of reports and also lets you create customized reports! These include Tax Report, Age Receivable, Age Payable, Consolidate Journal, Executive Summary Report, Trial Balance, General Ledger, Partner Ledger, Cash Flow Statement, Profit And Loss, and Balance Sheet.<\/p>\n

With such a comprehensive set of reports, any business can rely on this app to gauge their financial metrics and understand the business health accurately. If you still feel that these are inadequate, then you can create your own dynamic financial report by customizing it with a new name and format under a parent report.<\/p>\n

Additional Functionalities Of Odoo Dynamic Financial Report<\/strong><\/h3>\n

While providing reports is the basic aspect of any financial reporting app, it must also have some filtering options and other functionalities to assess them better. Here are the additional functionalities to investigate Odoo’s financial reports better.<\/p>\n

As Of Date:<\/strong> Using this filter, the user can easily filter any report of his choice based on various dates. The readily available options include Today, End Of Last Month, End Of Last Quarter, and End Of Last Financial Year. If these seem inadequate, you can also set your Custom date range to visualize the report based on that.<\/p>\n

Differentiate:<\/strong> Using this functionality, one can compare a specific report with its previous versions to analyze the difference. For instance, let’s suppose that you want to compare the Profit & Loss statement of the current month with the same month of the last year. You can simply set the date range in the Differentiate functionality and the required report will be rendered.<\/p>\n

Journals All:<\/strong> This functionality facilitates filtering of various reports(where it is available) based on Bank, Cash, Cash Basis Taxes, Customer Invoices, Exchange differences, Miscellaneous Operations, Vendor Bills. It is a useful option for the users when he\/she wants to check on a specific stream of transactions.<\/p>\n

Options:<\/strong> This button provides options to view Posted Entries, Unposted Entries(Draft), and To Change Date Range.<\/p>\n

Send Email(to the user)<\/strong>– The Send Email feature allows the user to share any report to his\/her email address as per requirement. A pdf format of that report is automatically generated and sent.<\/p>\n

Wrapping Up<\/strong><\/h3>\n

To stay on top of your business and make it grow as fast as possible, it is important to look at the key financial numbers every month. The good news is that you don’t have to be a financial expert to understand the financial statements. With the best Odoo custom financial reports at your fingertips, you just have to track your performance, plan the monthly cash flow and make better decisions for improvement. The reports will have everything you need to run the business smoothly. For further details, you can contact the Ksolves’ experts.<\/p>\n

Contact Us for any Query<\/span><\/h4>\n

Email: sales@ksolves.com
\nCall : +91 8130704295<\/p>\n

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Whether a business is manufacturing rockets or t-shirts, they narrate their story utilizing the identical language \u2014 financial reports\/statements when […]<\/p>\n

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