Over the Years, Odoo is developing day by day. Each Odoo update has brought new and incredibly useful features. This new version of Odoo 16, which is said to be released in October 2022, comes with many advancements such as application performance, operational speed, better user experience, and much more. So, are you eager to know what’s new in Odoo 16? To know about the Features of Odoo 16, keep scrolling.
Dark Mode
The Odoo 16 is now available with Dark Mode. In Odoo v16, Dark mode got merged at the buzzer.
Accounting Module
Initial Setup & Accounting Import Options
The setup of the Accounting module in Odoo 16 has been improved and simplified.
Accounting --> Configuration --> Settings --> Initial Setup
Journal Audit Report
An easy-to-read journal audit report that will improve Business Activity Statement auditability.
Accounting --> Reports --> Journal Report
Cash Discount Tax Reduction
When will the tax be reduced when offering a cash discount.
Accounting --> Configuration --> Settings --> Cash Discount Tax Reduction
Sales Credit Limit
In Odoo 16, Enabling Sales Credit Limit, Trigger alerts when creating Invoices and Sales Orders for Partners with a Total Receivable amount exceeding a limit.
Accounting --> Configuration --> Settings --> Sales Credit Limit
Statements Reconciliation
There is now an improved user interface making bank reconciliation much easier.
Accounting --> Dashboard --> Bank Reconciliation
Storno Accounting
Storno accounting is a practice of using negative credit or debit amounts to reverse original journal account entries. By Using Storno accounting you can cancel a document with incorrect amounts, however you should always enter the correct document amount after the cancellation.
Accounting --> Configuration --> Settings --> Storno Accounting
Accounting Firms Mode
Accounting Firms Mode Helps in Odoo 16, If you are managing your Customers' books in Odoo, entering that stack of Invoices gets FASTER!
In Odoo 16, Enabling Accounting firms mode will change encoding of bills/invoices.
Accounting --> Configuration --> Settings --> Accounting Firms Mode
Customer Addresses
By Selecting this Functionality, Customers can select different Invoice addresses and different Delivery Addresses of the order.
Accounting --> Configuration --> Settings --> Customer Invoices --> Customer Addresses
Drag And Drop
Odoo 16 now enables "Drag and Drop Upload" for Accounting Documents! Users can upload Bank Statements, Bills, and Invoices by drag and drop functionality.
Alerts to identify “holes” in sequences:
Under Odoo 16, Each journal will have a new "Smart Alert". You can easily browse to the last document before the hole. This Holes can be quickly fix with the "Resequencing" wizard.
Cancellation and modification of assets
The button has been added to cancel the asset and the functionality to modify depreciation that allows the product to be sold and the accounting entries associated with an asset to be made when it is sold.
Accounting --> Accounting --> Assets
Purchase Module
Purchase History
By Clicking on the Purchase History button, we can see Previous Purchase History of the Vendors.
Purchase --> Order --> Products --> Purchase History
Call For Tender
With Improved Call for Tender Feature, decide at any time to shop around. quickly create and manage Purchase Order alternatives. easily compare arrival and cost by line. You can Split your PO between Vendors based on the best option for you at the time.
Purchase --> Orders --> Request for Quotation --> Create New --> Alternative --> Create Alternative
Receipt Status
A new functionality is the field that shows us the status of receipt of the purchased orders.
Purchase --> Orders --> Purchase Orders
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