Odoo Accounting by Novobi

Enhanced Features

See at a glance the new features and enhancements we’ve made to Odoo’s native Accounting app to make it easier and more intuitive for North American bookkeepers and accountants.  New Features are those designed and developed by Novobi to bring extra functions to Odoo Accounting, Enhanced Features are improvements or localizations to Odoo’s native Accounting functions.   


New Feature by Novobi

Enhanced Feature by Novobi

Managerial Accounting

Budgeting & Forecasting    
Company-wide budget planning   

Cashflow forecasting 

Dashboard & KPIs    
Executive Dashboard with configurable KPIs



KPI Alerts (Email/Slack/SMS)  

Custom KPIs for individual user

Aging monitoring  

AR/AP charts
Advanced audit trail


Financial Accounting 


Manufacturing & Retail Verticals    
Multi-channel Revenue Recognition
Job Costing for ETO/Manufacturing
Standard journal entry structure for Manufacturing & Inventory  
Inventory valuation report
Quickbooks-style Bank Reconcilliation     
Undo bank reconciliation
Support unlimited splits for bank rules
Credit card transaction reconciliation
Check transaction reconciliation      
Support statement balance in reconciliation
Support reconciliation per bank statement period
Support Segregation of Duties (SOD) in bank reconciliation  
Undo applied transactions
Bank reconciliation detail report
Post-reconciliation change tracking
Sales to Cash    
Invoice aging management    
Batch Payment (Deposit) with adjustment option
Option to choose invoice(s) to apply to a payment
View payment information from paid invoices

Apply part of credit note to a customer invoice
View total, open, and overdue balances in customer lists

Manage sales deposit
Invoice write-offs
Enhanced customer statement
Print customer statements in bulk
Purchase to Payment    
Purchase deposit management
Check printing using US-standard check paper
View payment info from paid vendor bills
Apply partial refund
Show total, open, and overdue balances in vendor lists

Choose bill(s) to apply to a payment
Billable expense management


1099 tax reporting & tracking
Recurring Transactions

Issue Checks Without Vendor Bills
US-localized Profit and Loss report
Posted transaction deletion/cancellation  
Freeze column headers in list views
Search and filtering enhancement for all types of transactions
Search and filtering enhancement in list views

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