Netilligence Business Systems Functional Consultant Interview Questions and Answers

The basic workflow in Odoo involves creating records, processing them, and analyzing the results.

• 1. Create records by entering data into forms or importing data.

• 2. Process records by performing actions such as confirming orders or sending invoices.

• 3. Analyze results by generating reports or using dashboards to track key metrics.

• 4. Customize workflows by configuring automation rules or creating custom modules.

• 5. Collabo...read more

Odoo offers various costing methods including standard, average, FIFO, and LIFO.

• Odoo supports multiple costing methods such as standard, average, FIFO, and LIFO.

• Standard costing method assigns a fixed cost to each product.

• Average costing method calculates the average cost of all units in stock.

• FIFO (First In, First Out) method assumes that the oldest units are sold first.

• LIFO (Last In, First Out) method assumes that th

Odoo supports various inventory valuation methods such as FIFO, LIFO, and average costing.

• Odoo allows users to set up different inventory valuation methods at the product category level.

• Users can choose between FIFO (First In, First Out), LIFO (Last In, First Out), and average costing methods.

• The inventory valuation method selected will impact the cost of goods sold and the value of inventory on hand.

• For example, if FI...read more