Accounting Section Overview

In Odyssey, the Accounting section is designed to streamline your printshop's financial management processes. This guide provides a detailed overview of the functionalities available under the ‘Accounting’ tab.

Navigational Menu

The Accounting section includes the following options:

• Chart of Accounts: Manage and review your detailed listing of all accounts—assets, liabilities, expenses, and more.
• Invoices: Issue and manage invoices sent to your clients.
• Statements: Generate financial summaries for a particular period.
• Credit Memos: Create credit memos to correct or modify previously issued invoices.
• Receive Payments: Record and manage payments received from clients.
• Bank Deposit: Prepare and record deposits made to your bank accounts.

Reports

• Distribution Report: Analyze the distribution of financial transactions across different accounts.
• Aging Report: Review the duration that invoices have been outstanding.
• Sales Report: Obtain detailed insights into sales performance over a period.
• Sales Tax Report: Prepare reports detailing collected sales taxes.

Settings

• Invoice Settings: Configure preferences regarding what needs to appear on all Odyssey invoices.
• Receive Payments Settings: Set the default account to deposit funds into.

Usage Tips

• Regular Updates: Regularly update Odyssey's Chart of Accounts and review reports to keep financial records accurate and up to date.
• Settings Customization: Customize invoice and payment settings to match your printshop's workflow and customer handling procedures.
• Efficiency: Utilize the Reports section for efficient tax preparation and financial analysis to aid decision-making.