One company with affiliates in others countries

Question

Hello, I'm on my way to start with Odoo and i'd like to know since is said that you can only set the country 'cause of the accounting issue, what if my company as a global works with affliates in other countries, for example, the main affiliate is based in one country, but it's affiliates are 5 each one in a different country and, what i'm looking for is analyze all the data, accounts, sales, forecast, inventory, etc, for the 6 affiliates as an individual and as a group, so, is there a way these

Jaime Millán Conejero · Accepted Answer

Odoo effectively manages global operations with affiliates in different countries. Enable the multi-company feature to set up each affiliate separately, allowing independent management of transactions. Use multi-currency support and real-time exchange rates for accurate currency conversion. Consolidate financial statements in USD using the consolidation module. Configure local tax rules and generate tax reports for each affiliate. Manage intercompany transactions and centralized inventory across different locations. Utilize Odoo’s BI tools for aggregated data analysis and custom reports. Regularly update exchange rates and ensure tax compliance. This approach efficiently supports global operations with multiple countries, currencies, and tax regulations within one system.

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