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Industry Solution

Odoo for Finance: Complete Control of Cash Flow and Automation of Reporting

Get a single window for managing budgets, settlements, and taxes. Automate accounting according to Ukrainian standards without manual data entry.

Фінансовий звіт P&L та баланс в Odoo ERP

Odoo ERP unifies accounting, budgeting, reporting, and payment operations in a single digital environment where every transaction is automatically reflected across all financial documents

Accounting

Automatic journal entry generation from all operations
Maintaining accounts under P(S)BO (П(С)БО) and IFRS (МСФЗ) simultaneously
Counterparty reconciliation control
Electronic document management
Bank integration for automatic statement import

Payment Operations

Payment calendar management
Accounts receivable and payable control
Automatic payment-to-invoice reconciliation
Multi-currency accounting with automatic conversion
Payment system integration

Reporting

Automatic balance sheet and income statement generation
Management reporting with custom parameters
Tax reports (VAT, income tax data)
Consolidated reporting for groups of companies
Financial indicators and KPIs on dashboards

Budgeting and Planning

Budget creation and execution control
Cash flow planning and forecasting
Multi-level budgets with approval workflow
Real-time plan vs. actual variance analysis

Key Benefits

Ukrainian Localization

Full compliance with TCU (НКУ), P(S)BO (П(С)БО), and IFRS (МСФЗ) requirements

Unified Database

Financial data is automatically synchronized with all ERP modules

Real-Time Mode

Up-to-date financial information available 24/7

Routine Automation

The system automatically generates journal entries and calculates depreciation

Scalability

Add new companies, currencies, and departments without limitations

Transparency and Control

Full audit trail for every operation

Self-ERP

Accounting for Ukraine by Self-ERP

Thanks to the accounting and tax module developed specifically for Ukraine, you get a full-featured solution that complies with Ukrainian legislation.

Tax accounting in accordance with the TCU (НКУ)
Ukrainian-standard primary documents
Electronic reporting to the State Tax Service
Payroll and HR accounting
Bank integration

"Accounting for Ukraine" does not work standalone — it is part of a full-featured ERP system that interacts with other modules: sales and procurement, warehouse and logistics, project and task management, payroll and HR.

Accounting for Ukraine
Інтеграція Odoo з банківськими виписками (Bank Sync)

Implementation Results

SPEED INCREASE

Period closing reduced from 10 days to 2 days

ACCURACY IMPROVEMENT

Accounting errors reduced by 85%


Thanks to built-in connectors, Odoo automatically imports statements fromPrivat24andMonobankin real time. The system independently recognizes counterparties by the EDRPOU code or payment purpose and automatically "closes" the corresponding accounts for payment. This reduces the time spent on manual posting of bank transactions by 90%.

In Odoo, you can see the current status of each deal. The system automatically sends polite reminders to clients about upcoming payment deadlines or the occurrence of debt via email or messengers. The financial manager always has a reportAged Receivables, which shows the structure of debts by the timing of their occurrence.

The "Budgeting" module allows you to set financial goals for each department and track their achievement. Thanks to the integration of all modules (Sales, Purchases, Inventory), Odoo builds a reportCash Flow Forecast, which shows future revenues and expenses based on planned payments and confirmed orders to suppliers.

Yes, in addition to standard accounting reports, Odoo has a powerful financial reporting builder. You can customize the appearance of the profit and loss report (P&L) or Balance Sheet to see the dynamics of income and expenses across individual branches, managers, or product categories. All data is updated instantly after any financial transaction in the system.

Thanks to localization by UBM Soft, Odoo automatically generates tax liabilities and credits based on primary documents. The system allows for the export of tax invoice registers in formats compatible with popular reporting submission services (e.g., M.E.Doc), significantly simplifying the accountant's work and minimizing the risk of technical errors in VAT calculation.


EFFICIENCY OPTIMIZATION

Accounting team time savings of up to 40%

Ready to Automate Your Business?

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📞 +380733450795
✉️ info@ubmsoft.com.ua

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