How to Manage your Payment Orders?

165 CHAPTER FOURTEEN FINANCIAL ANALYSIS This chapter is dedicated to statutory taxation and financial reporting from OpenERP. Whether you need reports about customers and suppliers, or statements for various statutory purposes, OpenERP enables you to carry out a whole range of parametric analyses regarding the financial health of your company. Whether you want to analyze the general health of your company or review the status of an Account Receivable in detail, your company’s accounts are the place to define your various business indicators. To show you the most accurate picture of your business, OpenERP’s accounting reports are flexible, and the results are calculated in real time. This enables you to automate recurring actions and to change your operations quickly when a company-wide problem such as cash reserves dropping too low or receivables climbing too high or a local problem a customer that has not paid, or a project budget overspend occurs. This chapter describes the various reports and financial statements supplied by OpenERP’s accounting modules. It also describes how OpenERP handles purchase and sales taxation, and the related tax reporting. For this chapter you should start with a fresh database that includes demo data, with sale and its dependencies installed and no particular chart of accounts configured.

14.1 Reporting

Open ERP provides many tools for managing customer and supplier accounts. You will see here: • financial analysis of partners, to understand the reports that enable you to carry out an analysis of all of your partners, • multi-level reminders, which is an automatic system for preparing reminder letters or emails when invoices remain unpaid, • detailed analysis of individual partners.

14.1.1 Financial Analysis of Partners

When members of your accounts department sign on to the Open ERP system, they can immediately be presented with the Accounting Dashboard. By default it contains a useful graph for analyzing Receivables. Then look at it using the menu Accounting → Reporting → Dashboard → Accounting Dashboard.