Odoo has developed a robust integration with Kenya’s Electronic Tax Invoice Management System (eTIMS) to streamline and automate the invoicing process for businesses. This integration ensures compliance with Kenya Revenue Authority (KRA) regulations by allowing businesses to automatically generate and transmit tax invoices directly from Odoo to eTIMS in real time. This eliminates the need for manual submission of invoices, thereby reducing errors and saving time.
Odoo is now seamlessly integrated with eTIMS, and Kenya’s businesses are experiencing a game-changing transformation. Imagine effortlessly issuing invoices through Odoo’s streamlined sales and accounting processes, with automatic submission to KRA’s customer portal in real time.
Effective 31st March 2024, all businesses, whether VAT registered or not, are supposed to have on-boarded eTIMS. Failure to comply means locking away your customers’ expense claims, leaving them stranded when filing income tax returns. Do not let your valued customers miss vital deductions!
Key Features of Odoo’s Integration with eTIMS
- Real-Time Invoice Submission: Invoices generated in Odoo are automatically sent to the KRA’s eTIMS system, ensuring compliance and real-time visibility of transactions.
- Comprehensive Tax Management: The integration supports the specific requirements of Kenyan tax laws, including the generation of QR codes, unique invoice identifiers, and capturing buyer PINs when necessary.
- Localized Features: Odoo has tailored its solutions to fit the Kenyan market by incorporating features like the Kenyan Chart of Accounts and support for local payment methods such as Mpesa, Airtel Money.
- Multi-Branch Support: For businesses with multiple branches, the integration allows for separate management and reporting of invoices per branch, ensuring accurate compliance and reporting across all operations.
- User Training and Support: Odoo provides extensive training and ongoing support to help businesses transition smoothly and maintain compliance with any updates or changes in the eTIMS requirements.
MGK Consulting Limited: Your Trusted Odoo Partner
MGK Consulting Limited, a dedicated Odoo partner in Kenya, is committed to delivering customized Odoo ERP solutions for various industry sectors. We focus on addressing the specific needs of both SMEs and corporate entities, ensuring that our solutions are tailored to fit the unique requirements of each business.
By integrating with eTIMS, Odoo helps businesses stay compliant with local tax regulations and enhances overall operational efficiency, reducing administrative burdens and improving financial accuracy.
For more detailed information on how to integrate Odoo with eTIMS and the numerous benefits that Odoo ERP offers, reach out to MGK through enquiries@mgkconsult.co.ke
Stay compliant, efficient, and ahead of the competition with Odoo and MGK Consulting Limited. Your business’s transformation begins here!