Customer Credit Limit Approval

by
Odoo

101.85

v 15.0 Third Party 2
Live Preview
Required Apps Invoicing (account)
Lines of code 151
Technical Name foss_customer_credit_limit
LicenseSee License tab
Websitehttps://www.fossinfotech.com
Also available in version v 12.0 v 14.0 v 13.0
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Required Apps Invoicing (account)
Lines of code 151
Technical Name foss_customer_credit_limit
LicenseSee License tab
Websitehttps://www.fossinfotech.com
Also available in version v 12.0 v 14.0 v 13.0


Customer Credit Limit & Credit Days


This Module helps us to set the Credit Limit and Credit Days for the Customer's based on their Credits and also based on Customer's Due Amount Approvals can be raised by Users and the same can be approved or processed by Managers based on Customer's.


Highlights


Set Credit Limits

Setting of Credit Limits for a Customer. Credit Limit is the maximum amount of credit that you are willing to offer to a Customer.

Set Credit Days

Setting of Credit Days for a Customer based on their Credit Limits and Payments Terms.


Approvals of Credit Limits and Credit Days

Invoices could be processed when a Customer's Credit Limit and Days is fully utilized after the approval by Managers.

Multicompany

It Works for Multicompany Architecture

Go To - > Sales - > Customers -> Under Sales & Purchase Menu -> Below Payment Terms Field -> Specify the Credit Limit and Credit Days for the Customer. Only Managers will be able to edit Credit Limit and Credit Days Field in Customer Master.


Create a Sales Invoice with the Customer for whom the Credit Limit and Credit Days are given.


Clicking on Post button, the below Warning will be popped up if the Invoice Amount is more than the Credit Limit.


Waiting for Approval Button will be visible in Sales Invoices based upon two conditions. The Conditions are 1) Total Invoice Amount should be greater than the Credit Limit (Note : All the Invoices in Open state of mentioned Customer will be considered for valuation.) 2) Due Date of all the Invoices that are related to this Customer in Open state will be consisdered and button will be made visible if the current date is greater than the sum of credit days and the least due date.


Clicking on Waiting for Approval Button, the Invoice will become readonly and it will be moved to Waiting for Approval State.


Clicking on Post Button, the warning will be popped up as the Invoice is not in Approved State.


Approve Button will be visible only in Manager Logins.


Clicking on Approve button, the invoice will be moved to Approved State.


Even after the Credit Limit and Credit Days is fully utilized by the Customer, after approval of the Invoices, the User can Post the Invoice.


Credit Limit Warning will consider all the Invoices that are related to the Customer which are in Open State.


The Below Invoice is Posted with Due Date less than the Current Date.


Clicking on Post button, the below warning will be popped up if the current date is greater than the sum of credit days and the least due date by comparing all the invoices that are related to this Customer. As per the above approval process the Invoice can be Posted.



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

Based upon Invoice Due Date, the Warning is set in Sales Invoices.

Yes, both Tax Amount and Sale Invoice Amount is taken into consideration in the Credit Limit Warning.

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