Odoo Purchase to Pay

Which product type Odoo does NOT track Inventory?

• Service & Storable

• Storable & Consumable

• Service & Consumable

• None of the above

What are the Billing Policies that Odoo have?

• Received quantity and Ordered quantity

• Backorder quantity and Delivered quantity

• Received quantity and Returned quantity

• There is no billing policy on Oodo

How do you set up Purchase Order Approval threshold?

• Accounting app -> Configuration -> Settings -> Purchase Order Approval

• Purchase app -> Settings -> Purchase Order Approval

• Odoo does not have an option to set up the PO Approval

What is the temporary holding account of Inventory stocks in Odoo?

• Expense Account

• Cost of Goods Sold account

• Stock Interim accounts

• Current Asset account

Where do 1099 vendors submit their 1099 forms?

• TAx Agency

• IRS

• Department of Revenue

• They keep it for their own record

What is the account type of Vendor Deposits?

• Bank and Cash

• Current Liability

• Current Assets

• Non-Current Assets

Can we create a bill prior to the receipt if billing policy is on received quantities?

• Yes

• No

• It depends

• On selected POs only

Stock Interim accounts can be setup if Product Category inventory valuation is

• Standard Price

• FIFO

• Manual

• Automated

Novobi Accounting Enhancements are available in what versions?

• All versions

• Version 15

• Version 15 and lower

• Version 16

If you need to return the product to your vendor and it is a Storable type, what transaction/s do you need to create?

• Vendor Bill

• Vendor Return

• Vendor Credit Note

• Vendor Return & Credit Note