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Invoice Retention Management

by
Odoo

$ 54.40

v 14.0 Third Party 7
Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies • Invoicing (account)
• Discuss (mail)
Lines of code 469
Technical Name invoice_retention
LicenseOPL-1
Websitehttp://www.mcgeorgeconsulting.com
You bought this module and need support? Click here!
Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies • Invoicing (account)
• Discuss (mail)
Lines of code 469
Technical Name invoice_retention
LicenseOPL-1
Websitehttp://www.mcgeorgeconsulting.com

Invoice Retention Management

Here you can manage Invoice Retention Management. Below are the steps, how to manage the retention fess in invoice as well as the bill.

Create a Retention fees Product

Go to the Inventory > Products > Products.

Now click the create button for create a retention fees product like the below image.

You need to set the product Income account and product expense account inside the accounting tab.

Retention Fees Configuration

For retention fees configuration go to settings > User & Companies > Companies and select the company.

Now select company and go to the Retention Configuration tab and select the retention product and set the Retention Percentage like below image.

Create a Bill

For create a Bill go to Accounting > Vendors > Bills and click the create button for create a new bill.

Now create a Liability journal entry and fill up the necessory information inside the vendor bill.

Add Retention

For add the retention in bill you need to tick the Add Retention Fee field. After you can see the Add line option near the add retention fee. You need the click the Add line option then automatically adds a new line inside the invoice lines and calculate the retention fees and deduct from the total amount.

Journal Items

You can see the journal items inside the bill journal items and see the journal items entry inside it.

Now confirm the Liability Journal and do the register payment of the bill.

Pay the Retention

For Generate the Retention fees invoice go to the Accouting > Vendors > Vendors and select the particular vendor.

Now go to the actions and select the Invoice Retention.

When you click the Invoice Retention you can see the new formview. Inside the formview display the particular vendor invoice that is contains the retention fees.

Now if you want to un pay the some invoices or vendors bill the delete from the list. Now press the Create Invoice button for generate the retention invoice.

See the Retention Invoice

For Check the invoice go to the Particular vendor and click the Supplier Retention smart button. You will get the Retention invoice list.

Here is the list of all Retention invoices of particular vendors.

Open the Bill for payment of Retention amount

Select the record of the retention and click the Payment Invoice field.

Confirm and Payment of the retention bill

Now confirm and do the register payment of the retention bill that amount is same as invoice in which retention is used.

Used the Retention in Customer Invoice

For generating the customer invoice go to Accounting > Customers > Invoices. Click the create button.

You can see the invoice formview. Now Fill up all the information in customer invoice.

Add the Retention Line

Click the Add Retention Fee checkbox. When you click the checkbox Add Line button visible to customer invoice. Click that button the you retention line added automatically and calculate the retention amount in customer invoice.

Journal Items of Invoice

For Journal item go to the Journal Items tab. Inside the journal Items tab you can see the journal entry of the invoice.

Now confirm and paid the invoice.

Retention invoices list of a Customer

For get the retention invoices of the particular customer go to the invoices > Customers > Customers. After select one customer that you want to show the retention invoices.

Now click the action button and select the Retention invoice inside it.

When you click the Retention Invoice after one formview is display. Inside that formview list of invoices is display which have contains the retention line of that particular customer. You can see the formview like below image.

Generate the Invoices for the retention list

Now press the Create Invoice button or Create and view invoice button for generate the invoices of that retention lines.

List of Retention Invoices

Inside the customer formview you will get the Customers Retention smart button.

After you will get the retention invoices list. click the one invoice.

Click the payment invoice field. That fields is contains the retention invoice of amount of the retention fee.

Confirm and payment retention fee invoice

Now click the payment invoice you will see the customer invoice of retention fee confirm it and after do the register payment of it.

List of Retentions Fee Invoices

For get the List of Retention fee invoices go to Accounting > Vendors > Invoice Retentions

Contact / Support

Need help or want extra features?

Need help with the configuration or want this module to have more functionalities? Please contact on mail : info@mcgeorgeconsulting.com 

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