183.56

v 14.0 Third Party 4
Required Apps Invoicing (account)
Lines of code 196
Technical Name account_bank
LicenseSee License tab
Websitehttps://www.fossinfotech.com
Also available in version v 11.0 v 12.0 v 13.0
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Required Apps Invoicing (account)
Lines of code 196
Technical Name account_bank
LicenseSee License tab
Websitehttps://www.fossinfotech.com
Also available in version v 11.0 v 12.0 v 13.0


Bank Reconciliation made simple


This Module further simplifies the default Bank Reconciliation process of Odoo 14 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 14 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 14 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

    Go to 'Accounts' module -> Under respective Journal's dashboard menu-> select 'Reconciliation Report'


    5. Bank Reconciliation Report - After Reconciliation

    Go to 'Accounts' module -> Under respective Journal's dashboard menu-> select 'Reconciliation Report'



    Read User Guide

    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'.

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