What's new in Odoo 20 Accounting & Finance

Accounting > Configuration > Settings

The Accounting settings include an Accounting Firms mode block made of three independent options: Quick encoding, Document's sequence editable, and Review data. Each option can be switched on or off by itself, so a firm activates only the tools it actually needs instead of taking the whole set. The block sits on the Accounting settings page and is meant for accounting firms and bookkeepers who encode and review entries on behalf of client companies.

Accounting > Configuration > Depreciation Models

Depreciation models that use the straight-line method can be based on a percentage rate, for example 12.5% per year, as an alternative to a fixed duration. Durations themselves accept decimal values, such as 2.5 years, for assets whose useful life is not a whole number of periods. These options are set on the depreciation model, which accountants then use to compute the depreciation schedules of fixed assets.

Accounting > Bank > Bank Reconciliation Summary

The Bank Reconciliation Summary report shows both reconciled and unreconciled transactions of a bank journal. Reconciled receipts and reconciled payments appear as their own lines next to the outstanding items, so the report explains the full bank balance rather than only what is still open. Accountants open it from the bank card on the Accounting dashboard, through the card's menu and its Reconciliation Report entry.

Accounting > Vendors > Bills

On vendor bill lines, extra options such as the depreciation model, the vehicle and deferred dates are shown stacked under the account field, inside the same cell, rather than in separate columns. This keeps the bill line table compact even when a line uses several options, for example a line on a fixed asset account that is also a vehicle account. Accountants see this layout directly in the invoice lines of the bill form.

Accounting > Configuration > Matching Rules

A Matching Rules menu lets accountants configure how bills and invoices are matched automatically with payments. Each rule defines a payment tolerance, either as a percentage or as a fixed amount, and a matching order that tries the oldest or the newest invoices first. The menu sits in the Accounting configuration and can also be opened from the menu of a bank journal card on the dashboard.

Accounting > Configuration > Journals (Cash type)

Cash journals offer the option 'Secure Posted Entries with Hash'. With it enabled, posting a cash statement marks its transactions as reconciled and protects the resulting journal entries with a cryptographic hash. A hashed statement cannot be put back to draft and cannot end with a negative balance. The option is found in the Advanced Settings tab of a journal whose type is Cash, either a new one or an existing one.

Accounting > Customers > Invoices > Pay

When a payment is registered in a currency that differs from the company currency, the Pay dialog shows the exchange rate just below the amount, written for example as '1 USD = 0.86 EUR'. The user can check the rate being applied before confirming the payment. This appears on foreign-currency documents, such as a posted customer invoice in euros for a company whose own currency is the US dollar.

Accounting > Configuration > Accounting Reports > Balance Sheet

The balance sheet contains a Cumulative Translation Adjustments line under Other Comprehensive Income. When companies with different currencies are consolidated, this line absorbs the gaps that come from using several exchange rate types, such as historical, closing and average rates, and gives an auditable amount. The same line is also shown in the trial balance and the general ledger. Its structure can be inspected in the balance sheet's report definition in debug mode.

Accounting > Settings > Currencies > Service

Automatic currency rates can be fetched from five more central banks: Azerbaijan, Georgia, Kazakhstan, Saudi Arabia (SAMA) and Uzbekistan. Companies based in these countries can have Odoo download the official exchange rates instead of typing them in. The provider is chosen in the Currencies section of the Accounting settings once Automatic Currency Rates is enabled, by searching the Service list for the country name.

Accounting > Customers > Invoices; Accounting Settings

Reminders for customer invoices can be sent by hand, either from the invoice list after selecting several invoices or from a single invoice form, using the Send Reminder button. Automatic reminders are set up in the Accounting settings, where a link opens the management of reminder steps. Accountants and collection staff use these tools to follow up unpaid invoices according to the reminder stages they define.

Accounting > Customers > Invoices

From the customer invoice list, users can select several invoices and download one zip file holding all their generated documents, including PDFs, XML files and other e-invoice formats. A Download button appears in the list header once invoices are selected, so the files are gathered in a single action. The zip includes every document format generated for each selected invoice, which is handy when a batch has to be handed over.

Accounting > Vendors

The Vendors menu of Accounting has no separate Employee Expenses entry. Approved employee expenses create draft bills in the default expense journal, the Purchases journal. Accountants review and post these bills in the same place as receipts and bills from vendors, so employee expenses follow the normal bill workflow. To check, open the Vendors menu and look for the draft bills in the Purchases journal.

Accounting > Vendors > Bills

Duplicate warnings on invoices and bills come in two levels. A red alert marks a highly probable duplicate, where the reference, partner, date and amount all match, and it stays visible even after the document is posted. A yellow warning marks a possible duplicate and is shown only while the document is still a draft. Accountants see these coloured warnings on the bill or invoice form while entering documents.

Accounting > Vendors > Payments

Payments move through the statuses Draft, Paid and Reconciled. Paid means the payment has been validated, while Reconciled means it has been matched with the bank. The 'Mark as Reconciled' button is located in the Actions menu, because payments are meant to be reconciled through bank matching. Accountants see this status bar when they open a validated payment from the vendor payments list in Accounting.

Accounting > Customers > Invoices > Send

When an invoice is sent by email, the paperclip button lists the files already attached in the invoice's chatter, and each one can be added to the email with a single click. A second option, 'Add...', lets the user pick other files, including documents stored in the Documents app. Accountants can thus send supporting files already kept on the invoice without downloading and uploading them again.

Accounting > Configuration > Chart of Accounts

Manual reconciliation can be done on accounts of any type. On each account, a 'Payment Reconciliation' toggle decides whether its journal items are proposed in bank reconciliation suggestions and whether exchange difference entries are expected for it. The same setting is shown as a column in the list of accounts. Accountants manage it from the account form in the chart of accounts configuration.

Accounting > Configuration > Multi-ledger

A multi-ledger, also called a ledger group, is defined by the journals it includes. Each journal refers to its ledger group, and a report filtered on that ledger uses only those journals. This makes it clear which entries feed each ledger. Accountants create a ledger group in the Accounting configuration, pick the journals that belong to it, and then use the ledger as a filter on reports.

Accounting > Customers > Invoices > Send

When several invoices are sent together, the send dialog groups them by sending method, such as email or Peppol. Each group in the summary can be unfolded to show exactly which invoice will go to which customer through that method. The user can therefore check a whole batch before sending it. This applies to posted customer invoices that are selected together in the invoice list.

Contacts > Configuration > Countries > Curaçao

The Caribbean Guilder, with currency code XCG, is a supported currency. It is defined as the default currency of two countries, Curaçao and Sint Maarten, in their country records. Users can see this link by opening the country record for Curaçao in the Contacts configuration, where the currency field shows the guilder. Companies working in these countries can therefore select it for their invoices and accounting.

Accounting > Dashboard > Set Periods

The accounting dashboard onboarding handles periods and tax setup in one step. The 'Set Periods' dialog, opened from the Tax Returns card, contains a 'Not Subject to VAT' checkbox together with the tax return periodicity. When a company is marked as not subject to VAT, it receives no sales taxes and only non-deductible purchase taxes. This is used while first setting up Accounting for a company.

Accounting > Bank Matching

In the bank reconciliation screen, the buttons of the selected transaction have keyboard shortcuts, which appear when the Alt key is held down. Reconciliation models and actions can therefore be applied without using the mouse. Transactions can also be entered one after the other with the 'Add & New' option. These features are aimed at accountants who process many bank transactions in a row.

Accounting > Configuration > Journals > Bank > Outgoing Payments

The SEPA XML version, known as the PAIN version, is chosen for each outgoing payment method line of a journal. A single bank journal can therefore use different XML versions for different payment methods. The setting appears as an 'XML Version' column in the Outgoing Payments tab of the bank journal. Accountants who generate SEPA payment files set it while configuring the journal's payment methods.

Accounting > Configuration > Chart of Accounts

Charts of accounts are organised by giving accounts a parent account, which builds a tree of accounts; there is no separate account group model. Account codes are optional, and the US chart of accounts is provided without codes. Accountants set the parent on the account form in the chart of accounts. The structure can be seen by switching to a company that uses the US chart and opening an account.

Accounting > Vendors > Payments

Vendor payments can be sent directly to the bank from Odoo with the 'Pay Now' action, either one at a time or in batches, and signed only once. The feature uses the bank connection set up through Online Synchronization as a payment initiation service (PISP). Accountants use it from the vendor payments list after selecting draft payments, so bills are paid without leaving Odoo.

Contacts > delivery address > Sales & Purchase tab

Delivery addresses carry a GLN (Global Location Number) field on their Sales & Purchase tab. The value is used in Peppol electronic documents to identify the delivery location. The field is part of Accounting itself and needs no separate bridge module. Users fill it in on the delivery address contact belonging to a company, so documents sent through Peppol include the right location identifier.

Accounting > Vendors > Bills > Pay

When a payment is registered on a bill or invoice, the payment wizard takes into account payments already made but not yet matched with the bank, which are in the Paid state. It shows the amount already paid and lowers the proposed amount accordingly, which helps avoid paying twice. The payments listed on an invoice are sorted by date. This is visible when clicking Pay again on a partly paid bill.

Accounting > Vendors > Purchase Receipts

The 'Professional' percentage column, which records how much of an expense is for business use, is available on purchase receipts as well as on vendor bills. It is an optional column on the receipt lines. A purchase receipt is created from the bill form with the Receipt option, and the column is then added through the optional columns menu of the lines, where a percentage is entered for each line.

Accounting > Vendors > Bills

Bills can be matched to purchase orders line by line. The Auto-Complete action first links existing bill lines to purchase order lines before adding new lines, and reports how many lines it matched. Each matched line displays a warning when its price or quantity differs from the purchase order, and lines can be unmatched when needed. Users check the links through the optional 'Purchase Order' column on the bill lines.

Accounting > Customers > Invoices

Payment reminders work per invoice. Each invoice has a 'Send Reminder' button and a 'Last Reminder' date showing when the customer was last reminded. Reminder levels can be set to trigger before or after the due date, so customers can be warned ahead of time as well as once an invoice is overdue. Collection staff use these options from the customer invoice list and invoice forms.

Accounting > Customers > Invoices > Actions

Journal entries, invoices and bills can be put back to draft in bulk with a 'Reset to Draft' action available from list views. Users select the posted documents in the list and run the action from the Actions menu, without opening each document separately. This is used when several posted documents need to be corrected at the same time, for example a group of customer invoices.

Accounting > Bank Matching > gear menu

The bank reconciliation screen includes a 'Run Auto Reconciliation' option in the gear menu next to its title. It launches the automatic matching of bank transactions again whenever the user asks for it. Accountants working in the bank matching screen use it to have the automatic matching applied once more to the transactions that are still open, for example after new invoices or payments have been recorded.

Accounting > Configuration > Chart of Accounts > Fixed Assets account

Depreciation models hold only the calculation settings: method, duration and rate. The related accounts and the default depreciation model are defined on the fixed asset account itself in the chart of accounts. Accountants configure them by opening a Fixed Assets account from the chart of accounts and filling in the accounts and the depreciation model to use for assets recorded on that account.

Invoice > Journal Items smart button > Split

Journal items of an invoice or bill can be split. From the Journal Items smart button of the document, the user selects lines and clicks 'Split'. A line can be divided by quantity, for example to create one asset for each unit, or part of its amount can be moved to another account. Accountants use this to detail or correct postings directly from the document's journal items.

Accounting > Configuration > Taxes

A tax that is linked to one or more fiscal positions can only be used inside those fiscal positions. If the default tax of a product or account does not belong to the fiscal position of the invoice, Odoo removes it from the line, even when the fiscal position defines no replacement tax. Accountants manage this link on the tax form in the Accounting configuration, under the list of taxes.

Invoicing > Configuration > Product Categories > Accounting tab

Basic stock valuation works without the Inventory app. 'Track Inventory' and the on-hand quantity are part of the Product settings, while the valuation method, costing and the Inventory Valuation report belong to Accounting. Companies can therefore follow stock on hand and its accounting value using only Invoicing or Accounting. On such databases, the valuation and costing fields sit on the Accounting tab of product categories.

Accounting > Vendors > Bills

Bills that carry a withholding tax show the amount owed in three parts: Amount Due, Withhold Due and Net Due. In the payment wizard, the user chooses to pay only the withholding, only the payment, or both together. The feature needs the Withholding Tax on Payment module and a purchase tax with the Withhold option ticked, for example a tax of -10% applied on a vendor bill.

Invoicing > Configuration > Payment Methods > ACH Direct Debit > Configuration

ACH Direct Debit, the US bank debit method, can be saved as a payment token. Customers can then reuse their bank account for later payments and for subscriptions without entering the details again. The option is set on the ACH Direct Debit payment method, in its Configuration tab, which is reached through the payment methods list in developer mode. It serves US businesses collecting recurring payments by bank debit.

Invoicing > Configuration > Payment Providers > Authorize.net > Configuration

Authorize.net can notify Odoo through a webhook when a payment is confirmed at a later time, for example an eCheck that settles a few days after the order. To set it up, the Signature Key is entered in the provider's Configuration tab and the webhook is created from there. Merchants using Authorize.net for delayed payment methods rely on it. The webhook is created from the same tab.

Invoicing > Configuration > Payment Providers

ECPay is a payment provider for Taiwan included in Odoo 20. It is listed among the payment providers and can be installed from that list. It offers local Taiwanese payment methods to customers paying online. Businesses selling in Taiwan can use it to accept online payments through these local methods. Like other providers, ECPay is set up from Invoicing > Configuration > Payment Providers.

Invoicing > Configuration > Payment Providers > Mollie > Payment Methods

The Mollie provider lists Apple Pay, Google Pay, Klarna, BLIK, Swish, in3, Multibanco and MB WAY among its payment methods. Mollie can also save payment details as tokens, so the same card can be charged again later, for example for subscription renewals. The methods are managed in the Payment Methods tab of the Mollie provider. Merchants using Mollie can offer these methods to their customers.

Invoicing > Configuration > Payment Providers

Pay on Invoice is a custom payment provider. When a customer selects it at checkout, the order is confirmed immediately and the customer pays later, once the invoice is received. It is installed from the payment providers list. It suits businesses that let customers order online and settle the amount when invoiced. The provider is reached from Invoicing > Configuration > Payment Providers.

Invoicing > Configuration > Payment Providers > Stripe

The payment provider form uses a Published button, a Live checkbox and an Archive action to control a provider's status, in place of a single State field. Smart buttons show the number of transactions with the processed amount, and the number of saved tokens. Settings are grouped in the Payment Methods, Configuration, Restrictions and Messages tabs. Administrators configuring providers such as Stripe work in this form.

Invoicing > Configuration > Payment Providers > PayPal

PayPal works as a full payment provider in Odoo 20. Besides the PayPal wallet, it accepts cards and local methods including iDEAL, Bancontact, Venmo, Pay Later, Trustly, BLIK, P24, EPS, MyBank and Multibanco. It can save payment details as tokens for later charges. The merchant account is linked with a Connect button using OAuth, without copying API keys by hand.

Invoicing > Configuration > Payment Providers

PayU, a payment gateway used in India, is available as a payment provider in Odoo 20. It can be installed from the list of payment providers and then configured like the other providers. Businesses selling to customers in India can use it to collect online payments through this gateway. The provider is listed under Invoicing > Configuration > Payment Providers, alongside the other gateways.

Invoicing > Configuration > Payment Providers > Stripe > Restrictions

The Restrictions tab of a payment provider includes Pricelists, Minimum Amount and Maximum Amount fields. The provider is offered to a customer only when the customer's pricelist is one of those listed and the payment amount falls within the set range. Administrators can use this to show certain providers only to some customer groups or for certain order sizes. Both conditions must be met.

Invoicing > Configuration > Payment Providers > Redsys > Configuration

Redsys, the Spanish payment provider, can save card details as tokens. Later payments, such as subscription renewals, can then be charged without the customer having to take part. The setting is found in the Configuration tab of the Redsys provider. Merchants using Redsys can rely on saved cards to collect repeat payments. The provider is configured from Invoicing > Configuration > Payment Providers > Redsys.

Invoicing > Configuration > Payment Methods

The SOFORT payment method is not part of Odoo 20. It is not defined for Adyen, Buckaroo or any other provider, so a search for it in the payment methods list returns no results. The list of available payment methods is under Invoicing configuration. No other provider defines the method, so it cannot be activated for any provider in Odoo 20.

Invoicing > Configuration > Payment Providers > Stripe > Payment Methods

The Stripe provider offers Alma, Satispay, Swish and Canadian pre-authorized (ACSS) debit among its payment methods. Apple Pay and Google Pay are handled as card brands and are shown next to Card. These methods are managed in the Payment Methods tab of the Stripe provider. Merchants using Stripe can offer these options to customers paying online. These methods appear in the tab's list.

Invoicing > Configuration > Payment Providers

Toss Payments, an online payment service from South Korea, is available as a payment provider in Odoo 20. It can be installed from the list of payment providers. Businesses selling to customers in South Korea can use it to accept online payments through this service. Toss Payments appears in Invoicing > Configuration > Payment Providers, where it is installed and configured like other providers.

Invoicing > Configuration > Payment Providers > Buckaroo/Worldline > Payment Methods

Wero, the European wallet, is available as a payment method through the Buckaroo and Worldline providers. The method is added to both providers and mapped to each provider's own payment code. It is managed in the Payment Methods tab of either provider. Merchants using Buckaroo or Worldline can let European customers pay with Wero. Each provider uses its own code for the method.

Settings > Technical > Scheduled Actions

Pending wire transfer payments are confirmed automatically. A scheduled action, 'Wire Transfer: Confirm paid transactions', looks for bank statement lines whose reference, partner, currency and amount match a pending transaction and marks that payment as done. This can also confirm the linked sales order. The scheduled action can be viewed in the technical settings with developer mode on. No manual matching is required.

Xendit accepts payments in Malaysia, Thailand and Vietnam. MYR, THB and VND are among its supported currencies, and local payment methods such as FPX are available. The settings are found on the Xendit payment provider. Businesses selling in these markets can use Xendit to collect online payments in the local currency. The provider settings are under Invoicing > Configuration > Payment Providers > Xendit.

Expenses > My Expenses > select multiple > Print

In Odoo 20 several expenses can be selected in the expenses list and printed together. Odoo produces one report in which all selected lines appear in a single table with one total, followed by the receipts. The lines are grouped by employee and payment mode with totals. Employees and managers use it to hand over or archive a set of expenses as one document rather than one page per expense.

Expenses > Configuration > Expense Categories > Limits

In Odoo 20 each expense category has a Limits list, which sets a maximum amount per job position or one default limit for everyone. When an expense goes above its limit, the employee sees a warning. The approver sees the limit along with a Cap Reimbursement to Policy button, which splits off the part above the limit so only the allowed amount is reimbursed.

Expenses > Configuration > Expense Categories > Payroll Group

When Payroll is installed in Odoo 20, an expense category has a Salary Rules field in its Payroll group. When an expense is reimbursed through a payslip, Odoo uses the rule set on the expense's category for the employee's salary structure. This lets different kinds of expenses be computed correctly on payslips. Payroll and expense managers set the rule on each category that is reimbursed through payroll.