Financial management and payroll
Financial management and payroll in the same system as your business
In Odoo, sales, purchasing, inventory and projects create your financial data at source. Bookkeeping does not start by re-entering it.
The financial cycle as one chain
A transaction is created once and then appears in the invoice, the payment, the books and the report without transfers in between.
- 01Sales invoice
The invoice is created from sales and contract data.
- 02Purchase invoice
The purchase invoice is matched to the order and the receipt.
- 03Payments
Payment files and bank statements move with the bank.
- 04Reconciliation
Payments are matched to invoices by reference.
- 05Reporting
Profit, balance sheet and VAT are built on the same data.
Electronic financial management
The daily finance processes in one environment
Odoo brings finance processes into the same system as the rest of the business. Information moves from one process to the next and forms one whole from bookkeeping to reporting.
Sales invoicing
Create and send sales invoices and e-invoices directly from sales, contracts and other business processes.
Purchase invoices
Receive and route purchase invoices, match them to orders and receipts and approve them for payment in the same system.
Payments
Create payment files for the bank and reconcile bank statements into the books.
VAT and statutory reports
Produce the figures for VAT and other statutory reports from the Odoo financial reports.
Closing and financial reporting
Produce the financial reports and follow profit, the balance sheet and financial performance on up-to-date data.
Payroll
Payroll in Odoo
Payroll transactions create the required accounting entries and bring wages and other personnel costs into financial reporting and cost tracking.
Wages and payslips
Calculate monthly and hourly pay and handle supplements, benefits in kind and other data affecting pay. Produce payslips and the data needed for payment.
Incomes Register and statutory reports
Produce and handle the Incomes Register reports related to pay, together with the other statutory payroll data.
Holidays and absences
Manage holiday and absence data and take their effect into account in payroll.
System or service
You can run finance yourselves or hand it to us
The system for your team
We put Odoo financial management and payroll into use and train your people to run the work themselves.
Or as a service from us
We also do the bookkeeping, payments and payroll for you. Read about our financial services.
Why Revise
An Odoo partner that understands finance too
Revise has been a Finnish software and expert company since 2016 and an Odoo partner since 2018. Our expertise covers operations, finance, reporting and management, so finance is designed as part of the whole.
We do the bookkeeping ourselves
We are not only a software supplier. We also do bookkeeping, payments and payroll, so we know the work in practice too.
Delivered in stages
We build the whole in a practical way and in stages, so finance keeps running before every detail is finished.
All the way to management
Our own Revise EPM continues where bookkeeping ends: reporting, budgeting and forecasts are built on the same data.
Would you like to see how financial management and payroll work in Odoo?
We will show you the Odoo set-up and go through how it fits your financial management and payroll needs.