Bank Statement Reconciliation
by Openinside
| Technical name | oi_bank_reconciliation |
| License | OPL-1 |
| Website | https://www.open-inside.com |
| Read description for | v 17.0 |
| Included Dependencies | Base Extension |
Bank Statement Reconciliation (Odoo 16)
"Accurate and Effective Account Reconciliation"
This module offers reconciliation for Odoo 15 Community and enables easy linking of your invoices and all transaction details with the bank statements.
Description
A bank reconciliation statement is a summary of banking and business activity that reconciles an entity's bank account with its financial records. The statement outlines the deposits, withdrawals and other activities affecting a bank account for a specific period.
☛ For doing this, you need to find the corresponding invoices, compare the amounts and partners' details with those in the bank statement, which can be a tedious task and a time-consuming process. Luckily, with Odoo, you can easily match your invoices or any other payment transaction with your bank statements. Unfortunately, this feature has been removed from the Odoo 16 Community version.
For this reason, Openinside developed and offered its specially designed “Bank Statement Reconciliation” module as a solution which extends the functionality of the Accounting module and helps the user to match the cash/bank balances on the balance sheet to the corresponding amount on your bank statement. In addition, it determines the differences between General Ledger and Bank Statement in order to make changes to the accounting records, resolve any discrepancies and identify fraudulent transactions.
Menu
Accounting
Accounting
- Miscellaneous
⁕ Bank Statements
Reports
Odoo standard module report.
Key Features
Streamlined reconciliation process.
Support for different reconciliation methods.
Fully integrated with other Odoo applications.
Ability to create write-off or manual journal entries.
Ability to register transactions with different criteria.
Improving the quality and accuracy of financial data.
Ability to create statement transactions from payments.
Ability to import statement transactions from excel (Default Odoo import feature).
Links journal entries and bank statement lines by creating shared matching number.
Ability to Reconcile transaction with Payment Matching, Customer/Vendor Matching or Manual Operations.
Demonstration
Create statement transactions from payments
Import statement transactions from excel (Default Odoo import feature)
Reconcile transaction with Payment Matching, Customer/Vendor Matching or Manual Operations
Need Any Help?
This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file).
You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one).
It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software.
The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software.
THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.