Auto-Reversing Journal Entries

by
Odoo

23.26

v 13.0 Third Party 2
Required Apps Invoicing (account)
Lines of code 155
Technical Name xf_account_auto_reverse
LicenseOPL-1
Websitehttps://xfanis.dev
Also available in version v 14.0 v 15.0
You bought this module and need support? Click here!
Required Apps Invoicing (account)
Lines of code 155
Technical Name xf_account_auto_reverse
LicenseOPL-1
Websitehttps://xfanis.dev
Also available in version v 14.0 v 15.0

Auto-Reversing Journal Entries

Scheduled auto-reversing for journal entries

Auto Reverse Posted General Journals in Odoo

This module helps to schedule auto reverse for posted journal entries.

Utilizing Auto-Reversing Journal Entries is quite easy to forget to manually reverse out certain entries at the beginning of new account period.

Auto-reversing journal entries are used to avoid errors in reporting in situations where some accrued revenue or expenses from one accounting period should not remain on the books in the next account period.

How it works

After installation of the module, the new tab appears:

Account Move Form

In this tab accountant can select whether the system should reverse this entry automatically at the selected date.

Auto-Reversal Date is the date when particular entry will be reversed.

Accountant can specify specific accounting date for reversal entry to be posted.

Also user can select the option "Journal Entry Date", so that reversal entry will be posted using origin journal entry date.

In addition, there is the option to post reversal entry in a different accounting journal.

The system administrator can configure the execution time of the scheduled action or run it manually if needed:

Cron Form

When scheduled action is executed the system reverses entries:

Reversal Account Move

As you know in Odoo v14 the data model for invoices and account moves is the same. So automatic reverse/refund functionality is available in the invoice form too.

Auto Reverse/Refund Settings
Auto Reversed
Auto Credit Note
If you use free accounting module by Odoo Mates, please note that this module is fully compatible and works correctly.
Contact me for Support, Customization, Implementation:
Email: odoo@xfanis.dev
Telegram: https://t.me/xfanis
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