Things You Need To Know About Odoo Invoice Creation

By Author: Alex Forsyth
Total Articles: 43
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Irrespective of what type of business you are running, providing a statement of charges and the other details to the customers is a regular task for every business. A bill, which comes in different sizes and formats is what every business needs to design and provide to the customers. It is sometimes created online on a word processor, handwritten, or generated through the software. Invoice, as you all know, ensures that a business has received the payments for the products or services it has provided to the customers.
However, not everyone finds creating an invoice that interesting. 
 
But, today, when everything is available online on the internet, creating an invoice has become simpler and fascinating too. Today, with the ease of online shopping, customers are always willing to pay high amounts as well for everything that seems pleasing to them. With this fact, don’t you think it would be a great idea to send them eye-catching and interesting invoices to them to make them simply fall in love with the store and get even more loyal to it, buying more things from the shop? 
 
Search the market for available and modern ERP software solutions like Odoo, QuickBooks, NetSuite, and more. But, if a business wants cost-effective, advanced, and overall the best ERP that works exceptionally when creating a clear, professional, and crisp invoice, Odoo is always the winner. 
 
Right from the SMEs to the enterprises, most of the businesses have already embraced the power of Odoo. An expert Odoo consultant has said that whether a business wants to create a customised Odoo invoice or mirror invoices for more than a setup, Odoo covers all. So, how does Odoo really help in invoice creation? Let’s get into the details here. 
 
Odoo makes accounting simpler for invoice creation:
As an SME, you may think that the traditional invoices will do the work and will survive. But with the growth of your business, the need for advanced accounting software has become imperative. And out of so many, Odoo has the features and potential to manage and automate the financial and accounting processes and then integrating the detailed info into all the departments of the business. 
 
For instance, let’s say you need to keep a record of the bank transactions and then import the bank statements to the software. With Odoo, you can do this easily. Odoo also gives an overview of the status so that one can keep the track record of the unpaid, paid, and drafted invoices. One can also use the Odoo invoice templates for customising the invoice layouts. 
 
Timely payments:
Delayed or pending payments are not accepted and liked by any business. It is quite similar to borrowed books. Mostly, the intention is not to pay or return the payment. Businesses have to keep on poking and reminding the clients of the pending payments. But the question is for how long and for how many times can you poke or remind them for the payment? 
 
Here comes the role of Odoo. With the ‘automated follow-ups’ feature of this ERP, you can streamline the billing reminders, which means no more calls, emails, or follow-ups for getting the delayed or pending payments. All you need to do is set up the ERP software and that’s it. You can also accept payments through different payment gateways like Atos Worldline, Adyen, Stripe, PayPal, and Ingenico. 
 
 A shortcut for quotation management:
Quotation management is a long process that includes exchanges of quotes, finalisation of amounts, etc. With the Odoo invoicing system, quotation management can be done in just a couple of minutes. This feature of the ERP also lets the business owners use quality and appealing Odoo quotation templates. And the best thing is that these templates are easily integrable into the business systems. This makes the sales process easy. 
 
Thus, Odoo invoicing system has helped business owners sell products and services more efficiently. With the above-mentioned points, the invoicing system of the ERP proves to be a great boon for businesses.  
 
Alex Forsyth is an expert Odoo consultant of a reliable Odoo service provider in Australia, Envertis Software Solutions. The author is a tech enthusiast and has written this article to unbox the key points and uses of Odoo invoice creation.