Required Apps |
Invoicing (account)
|
Technical Name |
round_off_invoices |
License | AGPL-3 |
Website | https://www.cybrosys.com |
Required Apps |
Invoicing (account)
|
Technical Name |
round_off_invoices |
License | AGPL-3 |
Website | https://www.cybrosys.com |
Round Off Invoice Amount
Rounding on Invoice Amount
Cybrosys Technologies

Overview
In any business, rounding of invoice amount is a necessary feature. By default, Odoo ERP doesn't support this feature. But the 'Round off Invoice Amount' app from Cybrosys allows you to round off the invoice amount to the nearest whole amount by excluding the decimal parts. This application also supports you to create separate journal entries for the rounded amounts, which can assure the amount is balanced.
Features
Create separate journal entries for the rounded amounts
Rounding of invoice amount
Screenshots
Goto Accounting -->Settings -->Round Off
Tick the 'Allow rounding of invoice amount' option.
Don't forget to add the Round off Account (Journal entry corresponding to write off amount will be passed to this account)

Goto Accounting –>Customer Invoices -->Create

Here, the 'Total amount' is the actual amount. 'Amount Due' is the amount after rounding off the decimal parts and it is the one customer needs to pay.

Goto Accounting –>Customer Invoices –>Invoice –>Other Info -->Journal Entry
As you can see in the picture a special journal entry is passed to balance the amount.

Goto Accounting –>Journal Items-->Search: 'Round Off'

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Our Industries

Trading
Easily procure and sell your products.

Manufacturing
Plan, track and schedule your operations.

Restaurant
Run your bar or restaurant methodical.

POS
Easy configuring and convivial selling.

E-commerce & Website
Mobile friendly, awe-inspiring product pages.

Hotel Management
An all-inclusive hotel management application.

Education
A Collaborative platform for educational management.

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Any abuse of this reporting system will be penalizedLooks like the reversals are not taken into consideration
On making a refund invoice the rounded off value in the 'round' off account' of the invoice to be refunded should be reversed I think, this is not happening now.
but legally you cannot round off after applying the VAT, and that round off being not subject to VAT