Interest on Overdue Invoice in Odoo

by
Odoo 5

70.61

v 15.0 Third Party 59
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Required Apps Invoicing (account)
Sales (sale_management)
Lines of code 264
Technical Name interest_on_overdue_invoice
LicenseOPL-1
Websitehttps://www.browseinfo.in
Also available in version v 8.0 v 9.0 v 10.0 v 11.0 v 13.0 v 12.0 v 14.0
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Required Apps Invoicing (account)
Sales (sale_management)
Lines of code 264
Technical Name interest_on_overdue_invoice
LicenseOPL-1
Websitehttps://www.browseinfo.in
Also available in version v 8.0 v 9.0 v 10.0 v 11.0 v 13.0 v 12.0 v 14.0

Interest/Penalty on Overdue Invoice Odoo Apps

This Odoo apps is helps to calculate daily,monthly or yearly Interest Penalty on Overdue Invoices based on payment term configuration.Payment term is something that accountant emphasis on most , delay payment can cost as late payment fee , so when payment get over due , interest needs to be charges in order to get payment sooner, this odoo module does perfect job this payment over due method , automatically calculate interest on overdue payments this odoo apps apply financial charges on overdue invoices. When your invoice is validated and overdue than everyday/monthly it automatically updates the interest/penalty of invoice based on interest rate assinged on payment terms configuration.calculation of invoice will be done based on invoice due date.

The Interest will be calculated on the draft invoice only.

Multi Language Translation Available

We have added Translation using google translate for English (US), Arabic, French / Français, Spanish / Español and Dutch / Nederlands, if you want to change translation terms or add new translation provide us translation, we will add that without any cost.

English Arabic French Spanish Dutch

Features

Automatic interest calculation.

User can calculate the interest on invoice based on the payment term(monthly or daily).

Schedular for automatic calculation.

Activate schedular for automatic interest calcultion.

Dynamic interest calculation.

User can calculate interest with two configuration i.e., monthly and daily.

Reset button in the invoice.

Officer get the facility of reset the interest in the invoice.

Set Payment Term

This is the details example for monthly payment term.

This is the details example for daily payment term.

User with officer rights configuration

This is the user with sales officer rights. User with this rights can reset the details of interest rate.


Montly interest example for the officer


Daily interest example for the officer


User without officer rights configuration

User with no sale office right will not able to see reset button in the invoice.

Warnings

Warning on updating montly invoice twice or more a month.

Warning on updating daily invoice twice or more a day.

After validate invoice user can only see update button.

As the invoice moved to the open state user can only able to see update button,reset button will become invisible.

Here you can get updated value of interest and amount.

You can also enable this automatic script for automatic interest updation.

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At BrowseInfo we offer end to end solution for Odoo services. Which includes analysis & consultation on the workflows and integration part. Please note that You're not allowed to distribute this module after purchase! Incase of any question regarding this module feel free to email us on ticket@browseinfo.in or raise a ticket on support.

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by
marc@alpiek.nl
on 7/12/22, 10:45 AM

Hello,

Does this module take into account the payments received on the invoice when calculating the interest?

Thanks,

Marc


Re:
by
BrowseInfo
on 7/13/22, 3:31 AM Author

Hello Sir,

Yes sir the interest is calculated on the invoice due amount only sir. 

Regards