Odoo module
Accounting in Odoo is the financial backbone of the operation: every sale, purchase, stock move and payroll entry feeds the books automatically.
Invoices generate from sales orders, timesheets, delivery confirmations or subscriptions and go to customers as PDFs with online payment links (Razorpay, PayU, Stripe, PayPal).
Upload scanned bills or photos and the AI extracts vendor, date, amounts and tax details, with up to 98% accuracy, and creates a draft journal entry.
Import statements by OFX, CSV or direct bank feed. The AI matches transactions with open invoices and bills and suggests entries to confirm. The Odoo 18 interface is simplified: what took hours now takes minutes.
GST, TDS and e-invoicing are built in on a chart of accounts pre-configured for Indian standards. TCB handles the full compliance setup.
P&L and balance sheet are always current because every transaction posts immediately.
Tally is a good accounting tool but only that: it does not connect to inventory, CRM, manufacturing or HR, so data is entered separately, usually by hand and late. In Odoo, sales, purchase, inventory and payroll flow into the books in real time.
The invoice generates from the sales order, timesheet, delivery or subscription and goes to the customer.
The customer pays online through the payment link or the portal.
The bank statement is imported and the AI suggests the reconciliation entries.
GST, TDS and e-invoice records are created as the transactions post.
P&L, balance sheet and budgets are current without a month-end data-entry marathon.
Yes. Odoo calculates CGST, SGST and IGST by transaction type, manages HSN/SAC codes, supports GST-compliant invoice formats, e-invoicing with IRN and e-way bills, and generates GSTR-1, GSTR-3B and GSTR-9 reports.
Yes. Odoo integrates with the NIC e-invoice portal. Once configured with your API credentials and GSP provider, it generates Invoice Reference Numbers, creates QR codes and handles cancellation workflows within the compliance window.
Yes. Odoo 18 and 19 include TDS and TCS functionality with account-based section suggestions, configured through the Indian settings in the Accounting module.
Yes. Odoo provides built-in GSTR-1 and GSTR-3B reports with validation checks before submission to the GST portal, in government-compliant formats.
Related
The other services in this section, and related pages from TCB Infotech.
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