| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 210 |
| Technical Name |
account_bank |
| License | See License tab |
| Website | https://www.fossinfotech.com |
| Versions | 11.0 12.0 13.0 14.0 |
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 210 |
| Technical Name |
account_bank |
| License | See License tab |
| Website | https://www.fossinfotech.com |
| Versions | 11.0 12.0 13.0 14.0 |
Bank Reconciliation made as simple
This Module further simplifies the default Bank Reconciliation process of Odoo 13 by automatically creating Bank statements based on Payment entry and reconciles against the same.
Highlights
Bank Statement Reconciliation made simple.
Simplifies Bank Reconciliation process of Odoo 13 by creating & reconciling statements automatically.
Similar to Tally
Bank Reconciliation is made similar to Tally process.
Link to the Original Record
Provides Link between Payments and respective Bank statement (Automatically created)
Supports Single & Bulk Reconciliation
This module supports both Single & Bulk Reconciliation of Payments.
Default Bank Reconciliation
Default Odoo 13 Bank Reconciliation process is unchanged & works as usual.
1. Customer Invoice Reconcilation
Go to 'Accounts' module -> Under 'Sales' menu select 'Payments' -> Choose payment type as 'Receive money' -> Enter all required details including the newly added field 'Bank Date
Single payment Reconciliation process
Step 1 : Filter and select only 'Validated' State Entries as they can only be reconciled. Step 2 : In Payments Screen, 'Bank Date' is a mandatory in order to reconcile. Step 3 : Click on the 'Reconcile' Button visible in payments form. Step 4 : In Wizard, specify the 'Starting Balance' for the Journal first time alone. Step 5 : Click on 'Reconcile' button to reconcile the entries. NOTE : In Pop-Up Wizard, Specify the Starting balance for all the Journals only once (First time) and while processing the next transaction, kindly don't provide the starting balance for the same journal as current balance will be auto calculated and considered. Destination Account Type should be "Receivable" (Default Configuration), Other Account Type Should be 'Bank and Cash'
Bulk payment Reconciliation Process
Step 1 : Group by 'Payment Type' & 'Journal' in 'Payments' Screen. Step 2 : Only 'Validated' State Entries can be reconciled. Step 3 : In 'Payments' Screen, 'Bank Date' is mandatory in order to reconcile. Step 4 : Select multiple Payment(s) from list view --> Click 'Action' menu --> Click 'Reconcile' Button Step 5 : In Wizard, specify the 'Starting Balance' for the Journal first time alone. Step 6 : Click on Reconcile button to reconcile the entries. (first time only, as it will be calulated and updated automatically there after.)
Bank Statement created automatically
Automatically created Bank statement can be viewed in respective Journal's bank statement master. Note: Bank statement Name auto created with concatenating (Journal name + Date Time when reconciled) Respective Payment Name(sequence) is passed as Reference in Bank statement line. 'Memo' field from a payment form is passed in 'Label' field in respective auto created Bank statement's line item. NOTE: The Journal Type should be 'Bank', Only then It will be displayed in Bank Statements Menu
Cancel / Revert option
In order to Cancel or Revert confirmed Bank reconcilition(s) -> Go to respective Payment and click on 'Reset to Draft' button --> Click on 'Cancel' button Note: Bank statement(s) are UN-reconciled automatically when "Reset to Draft" button is clicked.
Bank Statement Un-Reconciled
Once a Payment is cancelled -> Respective Journal items are first Unreconciled and then automatically removed from bank statement's line item. Note: When a 'Payment' entry is cancelled by clicking on 'Reset to Draft' button followed by 'Cancel' button -> In case it is subject to Reconciliation again, a new Bank statement will be created.
2. Vendor Bills Reconcilation
Go to 'Accounts' module -> Under 'Purchase' menu select 'Payments' -> Choose payment type as 'Send money' -> Enter all required details including the newly added field 'Bank Date'
Single payment Reconciliation process
Step 1 : Filter and select only 'Validated' State Entries as they can only be reconciled. Step 2 : In Payments Screen, 'Bank Date' is a mandatory in order to reconcile. Step 3 : Click on the 'Reconcile' Button visible in payments form. Step 4 : In Wizard, specify the 'Starting Balance' for the Journal first time alone. Step 5 : Click on 'Reconcile' button to reconcile the entries. NOTE : In Pop-Up Wizard, Specify the Starting balance for all the Journals only once (First time) and while processing the next transaction, kindly don't provide the starting balance for the same journal as current balance will be auto calculated and considered. Destination Account Type should be "Payable" (Default Configuration), Other Account Type Should be 'Bank and Cash'
Bulk payment Reconciliation Process
Step 1 : Group by 'Payment Type' & 'Journal' in 'Payments' Screen. Step 2 : Only 'Validated' State Entries can be reconciled. Step 3 : In 'Payments' Screen, 'Bank Date' is mandatory in order to reconcile. Step 4 : Select multiple Payment(s) from list view --> Click 'Action' menu --> Click 'Reconcile' Button Step 5 : In Wizard, specify the 'Starting Balance' for the Journal first time alone. Step 6 : Click on Reconcile button to reconcile the entries. (first time only, as it will be calulated and updated automatically there after.)
Bank Statement created automatically
Automatically created Bank statement can be viewed in respective Journal's bank statement master. Note: Bank statement Name auto created with concatenating (Journal name + Date Time when reconciled) Respective Payment Name(sequence) is passed as Reference in Bank statement line. 'Memo' field from a payment form is passed in 'Label' field in respective auto created Bank statement's line item. The Journal Type should be 'Bank', Only then It will be displayed in Bank Statements Menu
Cancel / Revert option
In order to Cancel or Revert confirmed Bank reconcilition(s) -> Go to respective Payment and click on 'Reset to Draft' button --> Click on 'Cancel' button Note: Bank statement(s) are UN-reconciled automatically when "Reset to Draft" button is clicked.
Bank Statement Un-Reconciled
Once a Payment is cancelled -> respective Journal items are first Unreconciled and then automatically removed from bank statement's line item. Note: When a 'Payment' entry is cancelled by clicking on 'Reset to Draft' button followed by 'Cancel' button -> In case it is subject to Reconciliation again, a new Bank statement will be created.
3. Internal Transfers
Go to 'Accounts' module -> Under 'Sales / Purchase' menu select 'Payments' -> Enable 'Internal Transfer' Boolean -> Enter all required details including the newly added field 'Bank Date'
Single payment Reconciliation process
Step 1 : Filter and select only 'Validated' State Entries as they can only be reconciled. Step 2 : In Payments Screen, 'Bank Date' is a mandatory in order to reconcile. Step 3 : Click on the 'Reconcile' Button visible in payments form. Step 4 : In Wizard, specify the 'Starting Balance' for the Journal first time alone. Step 5 : Click on 'Reconcile' button to reconcile the entries. NOTE : In Pop-Up Wizard, Specify the Starting balance for all the Journals only once (First time) and while processing the next transaction, kindly don't provide the starting balance for the same journal as current balance will be auto calculated and considered.
Bulk payment Reconciliation Process
Step 1 : Group by 'Payment Type' & 'Journal' in 'Payments' Screen. Step 2 : Only 'Validated' State Entries can be reconciled. Step 3 : In 'Payments' Screen, 'Bank Date' is mandatory in order to reconcile. Step 4 : Select multiple Payment(s) from list view --> Click 'Action' menu --> Click 'Reconcile' Button Step 5 : In Wizard, specify the 'Starting Balance' for the Journal first time alone. Step 6 : Click on Reconcile button to reconcile the entries. (first time only, as it will be calulated and updated automatically there after.)
Bank Statement created automatically
In Internal Transfers two bank statements are automatically created and can be viewed in respective Journal(s) bank statement master. Amount is debited from the Source Journal & credited in Destination Journal Note: Bank statement Name auto created with concatenating (Journal name + Date Time when reconciled) Respective Payment Name(sequence) is passed as Reference in Bank statement line. 'Memo' field from a payment form is passed in 'Label' field in respective auto created Bank statement's line item. The Journal Type should be 'Bank', Only then It will be displayed in Bank Statements Menu The Journal Type should be 'Bank', Only then It will be displayed in Bank Statements Menu
Cancel / Revert option
In order to Cancel or Revert confirmed Bank reconcilition(s) -> Go to respective Payment and click on 'Reset to Draft' button --> Click on 'Cancel' button Note: Bank statement(s) are UN-reconciled automatically when "Reset to Draft" button is clicked.
Bank Statement Un-Reconciled
Go to respective Payment and click on 'Reset to Draft' button followed by 'Cancel' button Note: When a 'Payment' entry is cancelled by clicking on 'Reset to Draft' button followed by 'Cancel' button -> In case it is subject to Reconciliation again, a new Bank statement will be created.
4. Bank Reconciliation Report - Before Reconciliation(Only for Enterprise Version)
Go to 'Accounts' module -> Under respective Journal's dashboard menu-> select 'Reconciliation Report'
5. Bank Reconciliation Report - After Reconciliation(Only for Enterprise Version)
Go to 'Accounts' module -> Under respective Journal's dashboard menu-> select 'Reconciliation Report'
Why Choose This Module?
- Simplifies and automates the entire bank reconciliation process, just like in Tally.
- Reconciles payments by simply entering the bank date—no manual matching needed.
- Supports single and bulk reconciliation for all major transaction types.
- Includes auto-linking, cancellation, and reversal features for full control.
- Ready to use with no setup required—fast, efficient, and error-free.
Advantages
- Simplifies the default Bank Reconciliation process of Odoo 13 by Creating & Reconciling bank statements automatically.
- Revised process is made similar to Bank Reconciliation in Tally. Payments are reconciled by just providing Date when the payment is reflected in bank statement.
- Provides Link between Payments and respective Bank statement by automatically creating Bank statement Name with concatenating (Journal name + Date Time when reconciled) Note: If no Time zone is mapped to respective user who does reconciliation, system will take server time zone.
- Supports both Single & Bulk Reconciliation of Payments.
- Reconciles both Payment's and respective auto created Bank statement.
- Provision to Revert / Cancel payements is provided which automatically Unreconciles journal entries of payments and respective bank statement.
Benefits
- No Configurations required. Can be used out of the box. Note: Default conditions already available- Journal(s) and respective Accounts mapped to them must be of type Bank / Cash.
- Creation , Updation, Cancellation & Deletion from the Original record (Bank Statement) is fully automated.
- Bank Reconciliation (Single & Bulk reconciliation) works for all the below transaction types, -> Customer Payments -> Vendor Payments -> Internal Transfers
- Cancel or Revert option provided, which automatically Unreconciles journal entries of both Payment and Bank statement.
Yes, the app works perfectly well with Odoo Enterprise as well as Odoo Community. Odoo Online (Cloud) does not allow installation of third-party apps and hence this app cannot be installed on Odoo Online.
You can contact us to request a customization in the app or you can write to us at sales@fossinfotech.com
Yes, You will get 4 hours Of Free Support, You can write your queries to support@fossinfotech.com
Yes, You can Bulk Reconcile payments of same 'Payment type' & 'Journal'.
Odoo Proprietary License v1.0 This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file). You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one). It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software. The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
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