WHAT IS FINANCIAL REPORTING ?
Financial reporting is much more than just a table of numbers. It is a proper business management tool that allows leaders to make informed decisions based on reliable accounting and analytical data.
In practical terms, it consists of synthetic reports that translate your accounting, budgetary, and analytical data into management indicators, including revenue, margins, profitability by activity, expense trends, and cash flow monitoring.
Transform your financial data
At We Doo Accounting, an accounting firm specialising in Odoo, we transform your financial data into strategic indicators, including revenue, margins, profitability, cash flow, expenses, and budget variances.
But above all, we ask the right questions:
Where is the company generating revenue?
Which products or services are harming profitability?
Are expenses under control?
Are we aligned with our forecasted objective?
Financial reporting does not just explain the past.
It guides your future decisions.
Why is reporting essential for managing a business?
Even though at WDA we believe that up-to-date and quality accounting on Odoo is a springboard for analysing your data, it is not enough to effectively manage a growing or transforming business.
Good financial reporting is a lever for strategic management and a central governance tool for the company:
Accurate performance measurement
Well-designed reporting enables the precise evaluation of the company's economic performance by activity, site, product, or client.
It avoids biased interpretations or decisions based on impressions.
Monitoring variances & detecting deviations
By regularly comparing actual data with budgeted objectives, reporting highlights significant variances.
This monitoring facilitates the quick detection of deviations (decline in revenue, increase in expenses, cash flow slippage…).
Aiding strategic decision-making
Reporting provides leaders with relevant indicators to adjust their actions :
- cost arbitrations,
- resource reallocation,
- price or commercial policy adjustments,
- launching or stopping an activity.
It clarifies decisions, structures them, and facilitates their justification.
Improved internal & external communication
Clear reporting enhances the readability of results for internal teams (management, managers, profit centre leaders).
It is also a tool for enhancing transparency and credibility with third parties, including shareholders, banks, investors, and business partners.
Regular management ritual
By establishing a monitoring ritual (monthly or quarterly), reporting enables a shift from a reactive to a proactive approach.
It is a key element for structuring growth, better managing risks, and improving long-term performance.
Financial reporting is not a formality or a control tool.
It is a structuring management lever that aligns strategic vision with the economic realities on the ground.
Why Choose Odoo for Your Financial Reporting?
Odoo, a powerful, modular ERP, is a key asset for structuring financial reporting and enhancing business management. It centralises accounting, management, production, HR… on a single platform.
🔄 Real-time data :
No more delays, everything is connected.
📊 Consolidated indicators :
Consistency of figures across departments.
⚙️ Automation:
Data extraction, KPI calculation, formatting.
📐 Advanced customisation:
Tailored dashboards.
🌐 Accessibility :
From mobile or PC, at any time.
The features in Odoo are numerous :
Odoo is not limited to displaying numbers. It structures the data, connects them, and allows for the Automation of the entire reporting process.
Real-time financial statement construction
Odoo automatically extracts data from general and analytical accounting to generate:
- Monthly or quarterly income statements,
- The balance sheet as of the date,
- cash flow situation,
- margin indicators (overall, gross, net).
These statements are customizable: you can adapt the sections, group or filter accounts, and create your own formats.
Interactive financial statements
The power of Odoo allows you to navigate between reports and accounting documents with a simple click on the data that interests you—no need to open multiple windows on your PC. One click is all it takes to get your information.
Would you like to view the details of your sales from the income statement? One click on the amount and a new screen instantly appears to provide you with all the details.
Quickly visualise
▶️ Reports that can be saved and exported
All reports can be saved and exported efficiently and professionally.
▶️Analysis by multiple analytical axes
With integrated analytical accounting, Odoo allows you to break down costs and revenues according to several axes
- By activity or product line,
- by customer or market segment,
- by project or site,
- by location, entity, or responsibility center.
Each axis is usable in financial reports, allowing you to quickly visualise the profitability of each segment without manual adjustments (see also our "Analytical Accounting" offering).
Setting up interactive dashboards
Odoo allows you to create customised dashboards, with:
- Key performance indicators (KPI),
- dynamic charts (bars, lines, pie charts),
- multiple filters (periods, teams, geographical areas),
- visual alerts or thresholds on specific indicators.
These dashboards are automatically updated with each new entry or synchronisation (see also our "Dashboard" offer).
Budget Variance Tracking
Odoo allows you to compare actual results to the budget (or forecast) by:
- Automating the collection of actual data (accounting, purchases, sales, payroll),
- structuring variances by nature (revenues/expenses), by department or project,
- highlighting significant deviations and areas that require monitoring.
Variance tracking thus becomes a continuous management tool, rather than a one-time analysis. (see also our "Budget" offering)
Export, sharing, and traceability
Reports can be:
- Exported in PDF, Excel, or CSV,
- shared with internal users (with restricted access rights),
- automatically archived to ensure the traceability of disseminated data.
This facilitates dialogue with stakeholders, including partners, management controllers, auditors, banks, and other relevant parties.
Do you have multiple companies?
Odoo allows for a visualisation of multi-company reporting. You select your companies, and the financial reports are updated by aggregating the data from these companies. Of course, they are configurable and customizable to meet your needs.
By choosing Odoo for your financial reporting, you gain an integrated, reliable, and scalable environment that can absorb the complexity of your organisation without complicating your management processes.
Why turn to We Doo Accounting, your expert Odoo accounting firm?
Setting up relevant financial reporting in Odoo is not just about assembling a few charts.
It is a foundational task that requires accounting skills, management expertise, data modelling… and a good understanding of your business challenges.
A dual expertise: accounting and management
Our teams master the fundamentals of accounting (GAAP, standards, entries, closing cycles) and the tools of management control (reporting, dashboards, indicators, variances, performance analysis).
We do not simply "reproduce accounting" in tables.
- We develop a clear, coherent, and actionable management vision.
- A perfect knowledge of Odoo
- We Doo Accounting works exclusively with Odoo.
We know its modules, its limitations, its automation possibilities, and its best configuration practices.
We know how to
- Configure multi-dimensional analytical plans,
- link accounting journals to operational flows,
- structure pivot views and dashboards,
- Create dynamic reports that your teams can use.
The result: you get reporting that relies on the right data, structured according to your needs, and scalable.
A tailored support
Every company has different priorities.
We adapt our intervention to your objectives:
- Initial structuring: what indicators to track, with what data, at what frequency?
- Implementation in Odoo: creating analytical axes if necessary, configuring views, and automating flows.
- Skill enhancement: We train your teams to use reporting autonomously.
- Monitoring & continuous improvement: evolving indicators, integrating new needs, simplifying views.
We do not deliver a fixed tool. We provide you with the means to make it a sustainable management lever.
A results-oriented approach
Our goal is not to produce reports for the sake of reports.
It enables you to make better decisions more quickly and with greater confidence.
Because good reporting is not just another tool, it is a tool that enables you to lead more effectively.
With Odoo, you benefit from an integrated, automated, visual, and scalable environment.
With We Doo Accounting, you rely on experts who can transform data into actionable insights and indicators into informed decisions.
You have the numbers. Make them a true driving force for management.