The document introduces a new bank statement interface in Odoo that allows users to easily reconcile invoices and payments. It demonstrates how an accountant can import bank statements, link payments to invoices, and reconcile transactions with different payment scenarios such as full payments, partial payments, discounts, and multi-currencies. The conclusion states that the new bank statement interface in Odoo 8 will help accountants drastically improve their payment follow-up process.

1. Easily Reconcile
your Invoices & Payments
with the Brand New
Bank Statement Interface
Frédéric Gilson – Odoo Professional Services

2. Topics
1
2
3
4
5
o Introduction: What? Why?
o How easy is it?
o Demonstration
o Conclusion

3. Introduction

4. Introduction
o Record payments in your accounting
o Monitor your cash level
o Track the remaining balances your clients have to pay
o Process follow-ups actions
o Bank statements can be imported in CSV & CODA.
Why recording Bank Statements in Odoo?

5. Introduction
o Link Payments to Invoices in order to update the balance
to be paid.
o Both for Customer & Supplier Invoices.
o If the balance = 0, the Invoice is marked as Paid.
The Bank Statement enables to reconcile journal items.

6. How easy is it ?

7. How easy is it ?
o Generate customer invoices & Encode supplier invoices
o Process supplier payments
o Importing bank statements in Odoo
o Reconciling bank statement lines with invoices
o Send appropriated payment reminders to clients
As an Accountant, my weekly tasks consist in:

8. How easy is it ?
Let's see how an Accountant will love
the new Odoo 8 Bank Statement Interface...

9. How easy is it ?
1. Full payment
o Customer Invoice : 500€ (tax included)
o Payment : 500€

10. How easy is it ?
2. Partial payment
o Customer Invoice : 500€ (tax included)
o First Payment : 250€
o New invoice balance : 250€

11. How easy is it ?
3. Discount
o Customer Invoice : 500€ (tax included)
– 2 % discount on total amount if paid in the 7 days
o Payment : 490€

12. How easy is it ?
3. Discount
o Customer Invoice : 500€ (tax included)
– Discount of 2 % on total amount if paid in the 7 days
o Payment : 490€
o Invoice marked as paid

13. How easy is it ?
4. Multi-currencies
o Customer Invoice : $500 (tax included) = 389.59€
o Payment in USD to an EUR bank account : $500 = 381€

14. How easy is it ?
Set up some specific balance operations to save
time and avoid encoding mistakes

15. How easy is it ?
Keep specific balance operations in memory to save
time and avoid encoding mistakes.

16. Conclusion

17. Conclusion
With Odoo Accounting, import your bank
statements and easily reconcile invoices &
payments in order to drastically improve your
follow-up process.
This new bank statement interface will be available in Odoo 8.

18. Questions ?

19. Odoo
sales@odoo.com
+32 (0) 2 290 34 90
www.odoo.com
R&D and services office
Chaussée de Namur 40
B-1367 Grand Rosière
Sales office
Avenue Van Nieuwenhuyse 5
B-1160 Brussels
Thank You