Odoo is the world's easiest all-in-one management software. It includes hundreds of business apps:
CRM | e-Commerce | Accounting | Inventory | PoS | Project management | MRP | etc.
Reconciliation is ofcourse very important. It simply means to close your entries which are satisfied by contra action.
When you have to get paid by your customer, you are waiting ! When he pays you, you close the Hisaab! This closing of expected v/s. received is reconciliation.
http://en.wikipedia.org/wiki/Reconciliation_%28accounting%29 should help you more!
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|Asked: 9/7/13, 2:46 AM|
|Seen: 1195 times|
|Last updated: 3/16/15, 8:10 AM|