Odoo Accounting 18 is transforming the way businesses manage their finances with powerful automation, global localization, and streamlined tools for accountants and CFOs. Whether you're a small business or a multinational company, Odoo Accounting 18 simplifies financial tasks and boosts efficiency.
1. GLOBAL LOCALIZATION: NOW FULLY SUPPORTING 69 COUNTRIES
With support for 69 fully localized countries, Odoo 18 ensures your accounting system is compliant with local tax laws and reporting standards. This year, over 600 localization improvements were added, including 10 new countries like Uruguay, China, and Cyprus. Odoo adapts to different charts of accounts and generates tailored financial reports to keep your business compliant globally.
2. AUTOMATE ROUTINE ACCOUNTING TASKS
Odoo 18 introduces a redesigned dashboard that automates tasks like bill processing and payment tracking. Simply drag and drop bills into Odoo, and its powerful OCR technology will extract key data for you. Plus, credit card statements are automatically converted into transactions, saving you hours of manual entry.
3. AI-POWERED BILL PROCESSING & ERROR DETECTION
Odoo's new AI tools help you avoid mistakes by flagging irregularities in bills. When errors are detected, you can accept or reject them, ensuring your accounts are always accurate. Plus, bills from frequent suppliers can now be autoposted, further reducing manual effort.
4. STREAMLINED LOAN MANAGEMENT
Managing loans is simpler with Odoo 18’s loan management feature. It automatically tracks capital and interest payments, reclassifies liabilities as short-term and long-term, and generates accounting entries. You can also upload loan schedules directly from Excel for faster processing. Plus, Odoo has added a new loan analysis, that will let you analyse all your ongoing loans.
5. EFFORTLESS FINANCIAL CONSOLIDATION
For companies with multiple entities, Odoo’s consolidation tools make it easy to merge financial data from subsidiaries. The system handles multi-currency and multi-gap consolidations (e.g., IFRS, GAAP) in just a few clicks, with automatic adjustments for intercompany transactions. Managing multiple charts of accounts across different entities is easier than ever with Odoo 18’s unified system. The software automatically adapts accounts to the local needs of each entity, whether you're using local GAAP or IFRS, ensuring seamless financial reporting.
6. ADVANCED BUDGETING & REPORTING
Odoo 18 offers flexible budgeting tools that integrate directly into your financial reports and that let you make real-time adjustments. Plus, now you can track budgets by department, office, cost center, etc. Odoo supports analytic budgeting, giving you a granular view of your financial performance.
7. BUILT FOR GROWING BUSINESSES
Whether you're expanding globally or managing a single location, Odoo Accounting 18 scales with your business. It handles everything from basic bookkeeping to complex multi-company financials, making it ideal for businesses of all sizes.
WHY CHOOSE ODOO 18 FOR ACCOUNTING?
- Global Localization: Fully compliant in 69 countries.
- Automation: Automates bills, loans, and reconciliation.
- Advanced Reporting: Real-time budget tracking and financial consolidation.
- Scalability: Grows with your business, no matter the size.
TAKE THE NEXT STEP
Simplify your accounting today with Odoo Accounting 18—the all-in-one solution for businesses ready to automate, streamline, and take control of their finances.
