Financial Operations Management in Odoo ERP
Most accountants understand tax.
Most 
partners understand software.
M7 understands both.
Odoo Financial Operations & ERP Advisory
M7 helps businesses manage bookkeeping, accounting, tax compliance, and ERP operations directly inside Odoo, improving financial accuracy, operational visibility, inventory reliability, and scalability.
JUMP START
Bookkeeping for your basic financial reporting needs.
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Timely support and comprehensive Bookkeeping
*Emails are answered promptly, weekly client support is provided, and monthly bookkeeping and reconciliation ensure your records stay accurate and up-to-date.
- Accurate monthly books and year-end tax-ready financial packages
- P&L, Balance Sheet, T4s & T5s
Popular Addons
JUMP START & TAX
Full-service bookkeeping and tax filing for seamless financial management.
- Your own dedicated accountant, Aligned with Your Business Goals
- Annual Income Tax Filing for Businesses: Corporations and sole proprietorships
Popular Addons
Self-serve
Do your own bookkeeping with a modern accounting software.
- Easy, step-by-step setup
- Full access to Accounting App
- Full access to Discuss App
- Full access to Documents App
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Book to tax reconciliation
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New Odoo or QBO setups
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Prior month or multi-year bookkeeping projects
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App integrations
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Chart of accounts creation & restructure
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Tax Planning
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Business Registrations
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Business and Individual Taxes
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Tax Defense Services
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Entity Structure & Advisory
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Research & Development Tax Credits
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Payroll Processing
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Time Tracking
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State & Local payroll registrations
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Software setup
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Bonus Payrolls
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Onboarding/Offboarding Employees & Contractors
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AR/AP
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Inventory Management
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Expense Management
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Third-party app integrations
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Projections & Forecasts
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Business & Financial Plans
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Consolidation Reporting
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Capital Deployment Strategy
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Strategic Growth and Vision
Why Odoo Accounting Is Different
Odoo is not just accounting software. It connects sales, inventory, purchasing, invoicing, operations, and reporting in one ERP system.
When Odoo accounting is not configured or maintained correctly, financial reports become unreliable, inventory valuation breaks, reconciliations fall behind, and leadership loses visibility.
M7 specializes in accounting and tax advisory for businesses operating inside Odoo.
Need help with Bookkeeping? Start Here
Yes, we have extensive experience supporting companies in both the Canada and US.
M7 supports a wide range of businesses, including startups, small to medium-sized enterprises, and established companies across various industries.
- Transportation & Logistics: Trucking, freight, and logistics companies.
- Construction & Trade: Construction firms, wholesale distributors, and retail businesses.
- Entrepreneurs & Professionals: Startups, professional service providers, and growth-focused small businesses.
To get started with M7, you'll need to provide your business details, financial records, and access to relevant documents such as bank statements, invoices, and receipts. We'll guide you through the onboarding process to ensure a smooth transition.
The Jump Start and Jump Start + Tax Bookkeeping plans include a $500 setup fee for Odoo and $1,000 for QBO. What’s included in the Odoo and QBO setup process?
- System Configuration: Setting up the chart of accounts, tax rates, and default settings tailored to your business.
- Data Import: Importing existing data, such as customer/vendor details, transactions, and balances.
- Workflow Setup: Customizing workflows for invoicing, expenses, payments, and reporting to ensure efficiency.
- User Training: Providing initial guidance to help you navigate and make the most of your new system.
- The Self-Service plan, starting at $500, is designed for businesses that prefer to take a more hands-on approach while still benefiting from our expertise during the setup process.
For clients who only require a simple duplication of their Odoo database, the setup fee starts at just $100, covering the replication and configuration of your existing data in a new database.
No, everything is transparent and clearly outlined upfront. However, if you choose to access the complete softwares package, such as additional Odoo features or modules, you may need to upgrade for an additional cost.
- Onboarding your business with M7 Tax requires additional time and due diligence over the next 4 weeks working alongside our team to have your business compliant.
- Additional hours and staff are at your disposal to ensure proper coherence between M7.
- Ensure all documents (bank statements, bills, invoices, receipts, cheques, loan/finance agreements) are provided promptly.
- Work alongside current business procedures and implement any necessary systems to minimize cost and time.
- Develop workflow with M7 for a successful relationship between an account manager and your firm.
With our Odoo software access, you’ll receive:
- Full access to the Accounting App for seamless financial management.
- Full access to the Discuss App for streamlined team communication.
- Full access to the Documents App for efficient document organization and storage.
- 200 free AI-powered OCR recognitions for processing bills, receipts, and documents. After the initial 200 OCR uses, additional charges apply based on your business volume.
Yes, bookkeeping support is included with your service. You can ask questions related to bookkeeping at any time. However, tax strategies and advisory services are available as an add-on service. Learn more our Tax Advisor portal.
To calculate your monthly expenses, total all business costs, including rent, utilities, payroll, software subscriptions, supplies, and other recurring expenses. Be sure to include variable costs like marketing, travel, or equipment purchases if applicable.
We aim to provide clear and straightforward pricing. After analyzing various pricing models, we discovered that costs closely align with the complexity of a business while remaining easy to calculate. To recommend the most suitable M7 plan for your business, we also consider factors such as the number of financial institutions, transaction volume, and required support hours.
Yes, when you prepay for a year, your price is locked in for the duration of the term. Any price changes will only apply after the prepayment period ends.
When you use M7, you have two options for managing your taxes:
- M7 Tax Services: Tax preparation is included with the Jump Start + Tax plan. However, for the Jump Start and Self-Service subscriptions, tax preparation is not included and must be purchased separately if you choose to use M7 for these services.
- Work with Your Own Tax Firm: If you prefer to use another tax firm, M7 can seamlessly hand off your prepared books to them. This handoff service is included with your M7 Bookkeeping subscription at no additional cost.
M7 Tax provides comprehensive tax preparation services for Canada, including:
- Federal and provincial income tax preparation for businesses and individuals
- T4 and T5 slip preparation and filing
- Email support for all included deliverables
Yes, with M7 Tax, we can prepare and file your T4s and T5s for employees and shareholders. Our team ensures accurate reporting and compliance with Canadian tax regulations. However, if you are subscribed only to M7 Bookkeeping, these services are not included.
At M7 Group™, we strive to provide exceptional services and accommodate cancellations when necessary. Here’s an overview of our cancellation and refund policy:
One-Time Services
- Full Refund: If the service is canceled before any work begins.
- Partial Refunds: If dissatisfied, clients may request a refund within 5 days of service completion. Refunds are evaluated on a case-by-case basis.
Recurring Billing Services
- Clients may cancel at any time.
- No refunds for the current billing period, but future billing will stop upon cancellation.
- Refunds for overcharges or incorrect billing will be issued upon verification.
General Guidelines
- Refund requests must be submitted in writing (email or letter) and include client details, service information, and the reason for the request.
- Approved refunds will be processed within 2 business days.
- Refunds are denied if the request doesn’t meet the outlined criteria.
Exceptions
- Full refunds may be issued in cases of proven fraud or gross negligence by M7 Group™.
For more information or assistance, please contact us at [email protected] or call (561) 486-9444 / (800) 771-8244.