Top 4 Odoo Apps to Simplify Accounting and Finance for Small and Medium-Sized Businesses

As an open-source ERP with a comprehensive set of business applications, Odoo comes with a dedicated Accounting module to help organizations streamline finances. From creating invoices to automatically reconciling invoices and payments, the Odoo Accounting module offers features that cover all the aspects of financial accounting. 

By integrating with Odoo Sales, Inventory, and other modules, Odoo Accounting ensures real-time financial tracking across your organization. This integration significantly reduces manual data entry and provides a 360-degree view of your organization’s financial health. 

Besides Odoo’s core module for accounts, you can find many other third-party Odoo apps (developed by Odoo Partners) to streamline accounting and finances. But, in this blog, we will enlist the top 4 Odoo apps developed by Ksolves India Limited that take the Odoo Accounting module to the next level.

1. Account Dashboard Ninja: Visualize Key Financial Metrics

Account Dashboard Ninja is a pre-defined template that works with Dashboard Ninja with AI. Dashboard Ninja with AI is the ultimate Odoo dashboard tool that consistently ranks #1 on the Odoo App Store with 2,450+ downloads. It simplifies the creation of reporting dashboards and dashboard items with AI. It offers exceptional features that help businesses turn raw data into meaningful insights.

Though it is a pre-defined template, Account Dashboard Ninja is highly customizable. You can add as many tiles to the Account dashboard to visualize the metrics you want. 

Key Features: 

Here are some of the metrics the Account dashboard visualizes by default: 

• Open Purchase Invoice
• Receivable Amount  
• Payable Amount
• Open Sale Invoice
• Bank Balance 
• Head Expenses Report
• Executive Purchase Returns 
• Executive Sales Returns
• Top 10 Sales Revenue Customers
• Profit/Loss Amount

Key Benefits: 

• Gain real-time insights into your organization’s critical financial metrics.
• Seamless integration with the Odoo Accounting module. 
• AI-powered chart explanations enhance decision-making. 
• Save time and boost efficiency by eliminating manual sifting through the records of Odoo Accounting. 

Buy it from the Ksolves Store. 

2. Dynamic Financial Report: Track Your Organization’s Financial Health

Dynamic Financial Report is yet another app by Ksolves India Limited that streamlines accounting and finance for organizations. It generates precise financial reports, such as Tax Reports, Cash Flow Statements, Balance Sheets, Profit and Loss reports, Executive Summary reports, and much more, helping you track your organization’s financial performance. Additionally, you can export, print, or email the generated reports, simplifying report sharing. 

Key Features: 

• View every aspect of a report to identify shortcomings and understand the financial standing of your business. 
• The differentiator filter helps you compare or tally the current report with previous ones varying over periods (monthly or quarterly). 
• Easily create and customize reports. 
• Share reports easily via email.  

Key Benefits: 

• Gain a 360-degree view of your organization’s financial health. 
• Comparative analysis of reports helps you identify strengths and weaknesses. 
• Eliminates manual calculations and data entry to create reports. 

Buy it from the Ksolves Store. 

3. ReportMate: Generate Custom Financial Reports 

ReportMate is another Odoo app developed by Ksolves India Limited that simplifies the generation of reports. It effortlessly extracts the required information from all the fields of any Odoo model and displays it in a single view or flat structure. 

For financial reports, ReportMate can extract information from all the fields of the Odoo Accounting model and generate richly formatted, dynamic reports. You can present your reports in Tree, List, Graph, and Pivot formats. 

Key Features:

• Displays data in a flat structure; no need to arrive at your results with multiple clicks. 
• Create custom views based on the selected model. 
• Authorized users can edit the values of the fields. 
• Only users with read-only access can view the created reports, ensuring robust security. 
• Customize which fields to show in the Search Filter/Group Filter. 
• Create custom views or reports using custom queries. 

Key Benefits:

• Saves developers’ time for generating reports 
• Improves productivity by eliminating multiple clicks to arrive at the results. 
• Enhances data visualization by displaying reports in various formats. 
• Easily navigate to the required fields with advanced filters. 

Buy it from the Ksolves Store. 

4. Multi-Company Amount Transfer: Single-Step Amount Transfer Between Companies  

Multi-company amount Transfer is specially designed to streamline amount transfers between different companies in a single step. With default Odoo modules, it is not possible to transfer amounts between two companies – it is suitable only for inter-company transactions. 

However, it is important to note that this Odoo app supports amount transfers between companies that have a relation. 

Key Features: 

• Informative and detailed fields for the amount information like Branch and Transfer details, Account balance, Currency, etc.
• Providers detailed Multi-company Amount transfer logs.
• View the details of the amount items like Payment Date, Journal, Method, etc., once the payment is done.

Key Benefits: 

• Reduces manual effort to transfer amounts between companies. 
• Finance teams can effortlessly track transactions with detailed amount transfer logs. 
• Ensures transparency and enhances financial reporting. 

Buy it from the Ksolves Store. 

Conclusion 

Managing accounting and finance precisely is crucial for every organization. While the Odoo Accounting module itself serves as a strong foundation, the above-mentioned Odoo apps developed by Ksolves India Limited take your accounting experience to the next level. 

With Account Dashboard Ninja, you can visualize key financial metrics by creating account dashboards effortlessly. Dynamic Financial Report lets you create various financial reports, providing the flexibility to export, print, or email the generated reports for easy sharing. While ReportMate can generate any reports, you can extract data from all the fields of the Accounting module. Lastly, Multi-Company Amount Transfer simplifies fund transfers between two related companies with no hassle. 

By leveraging these advanced Odoo apps, businesses can boost financial transparency, improve decision-making, enhance productivity, and eliminate manual inefficiencies. Whether you’re managing daily transactions, analyzing financial performance, or ensuring compliance, these tools help you stay ahead with smart, automated, and insightful accounting solutions.