Odoo Accounting as a Service

Bookkeeping and External CFO services to Odoo users, performed by Odoo experts.

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Even in the most well tuned ERP system, someone needs to keep the books. SSI is proud to offer bookkeeping services by our Louisiana based team to any size Odoo user who needs it. At the heart of this service is a client first approach. We want to meet your needs and we understand that no two customers are the same.

Customers can feel comfortable that their bookkeeping is performed by certified Odoo experts who will perform their duties in a thoughtful manner to maximize the quality of your financial reporting in Odoo. These services are backed by a partner with over 43 years of ERP experience across multiple verticals including manufacturing, wholesale, retail, and professional services.

For customers not seeking accounting services, we will also consult with you on Odoo best practices for accounting.

We know what it takes to maintain a complete financial picture of your business in Odoo. Let's work together to build yours.

Process Engineering

Our team of accountants and Odoo accounting experts will help you to improved your entire accounting workflow. We have consulted with clients who have implemented Odoo but lack a complete understanding of how to maximize it's features for accounting. In some cases we are engaged to perform bookkeeping tasks but find that there is a great need to improve the process within the company. We can help to automate AP / AR entries, tax remittances, expense collection, and financial end of month processes. Many of our clients come to us frustrated with inefficiencies in their accounting team. To solve this problem we will serve as your CFO for a few months while we identify and fix process gaps.

Accounts Payable

  • Develop a collaborative strategy for evaluation and approval of vendor bills with your team
  • Process incoming Vendor Bills and compare to company issued Purchase Orders
  • Process outgoing payments for on time delivery by preparing Batch Payments or Check Runs in consultation with the internal staff
  • Perform day to day financial transactions, including verifying, classifying, and recording accounts payable data
  • Reconcile the accounts payable ledger to ensure that all bills and payments are accounted for and properly posted
  • Verify and investigate discrepancies, if any, by reconciling vendor accounts and monthly vendor statements

Accounts Receivable

  • Generate and send invoices based on their readiness in Odoo (Orders to Invoice)
  • Facilitate payment of invoices due by sending bill reminders and contacting clients (Follow Up Reports)
  • Generate reports detailing Accounts Receivable status for management review
  • Understand compliance issues around accounts payable processes (W-9, sales tax, etc.)
  • Post cash receipts in Odoo and review discrepancies

General Bookkeeping 

  • Understand expense accounts and cost centers
  • Prepare and remit Sales Tax to your local taxing authorities
  • Compare partner ledger data in the event of any customer or vendor discrepancy
  • Perform bank reconciliation in Odoo using built in tools, organize Bank Statements and tie out totals each month
  • Download and reconcile credit card statements into Odoo, comparing statement totals to the general ledger
  • Serve as a conduit to Employees or Vendors who need help understanding your financial data

Expense Management

  • Compare and reconcile expense reports
  • Review expenses for proper categorization and period timing
  • Compare expenses to credit card or bank statements for accuracy
  • Coach employees on proper procedures to make expense collection easy

Data Integrity

  • Review of your existing Odoo data to provide feedback on configuration and current practices
  • Review product and product category configuration to look for areas of improvement
  • Consult with your accounting team on confusion or optimal journal entry mapping or data flow
  • Plan and execute cleanup of neglected bookkeeping practices (inventory data, bank reconciliation, etc.)
  • Monthly review of inventory valuation entries and critical input & output accounts

Controller / CFO Services

  • Perform monthly closing entries and reconcile any balance sheet accounts (ex. inventory valuation)
  • Prepare a month end closing packet with financial commentary for ownership review
  • Fixed Asset management including depreciation reviews and expense timing
  • Configuration and consultation on your Odoo Cash Flow Statement
  • Consultation on how to best setup complex manufacturing or inventory accounting processes in Odoo including WIP, Job Costing, or Analytic Plans.
  • Build and review budgets within Odoo for real time budget to actual reporting
  • Assisting the company ownership to develop financial plans and review results
  • Managing accounting procedures and developing workflow of controls
  • Advisory and consultation on your Chart of Accounts and configuration for optimal use in Odoo

Onboard

On-Site or virtual meeting to establish responsibilities and process flow.

Upload

Upload your documents directly into Odoo for us.

Review

We will review and post your transactions, then contact you for exceptions

Operate

You can operate your business while we keep the books!