| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Contacts (contacts)
• Invoicing (account) • Discuss (mail) |
| Lines of code | 285 |
| Technical Name |
o2b_finance_charge |
| License | OPL-1 |
| Website | https://www.o2btechnologies.com |
| Versions | 9.0 10.0 11.0 12.0 13.0 14.0 15.0 16.0 17.0 18.0 |
Finance Charge
This module enables Odoo users to generate the finance charge invoice from the customer contacts. If the customer didnât make payment for the invoice as per the payment terms. The finance charge will be generated for all the pending invoices of the customers with the exceeded due dates. We have developed a module that helps you get the payments on time otherwise you can charge the customers an extra amount for the late payment. You only have to activate the finance charge on the customer by adding the details like finance type and finance tax.
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Highlights
Keeping a Tab on Customer's Unpaid Invoices
Key Features
- Easily generate a new customer invoice for the finance charge.
- Option to activate the finance charge for a specific customer.
- Specify the finance type such as, it would be charged on daily basis or monthly.
- Define the percentage of the finance charges on each customer.
- The finance percentage charge can be different for each customer.
- Select the due date for applying finance charges.
- Moreover, finance charge depends on the payment terms.
- No compound interest on finance charges invoices.
Finance Charge : User Guide
Create Finance Charge Products
Go to Invoicing App >> Configuration >> Finance Configuration >> Create Finance Product.
Here add the Finance Product name and Finance Payment Term.
Specify Finance Charge Details On Customers Record
Go to Customers >> Sales & Purchase tab and add the finance information like Fiscal position, Finance type ( it can be Daily or Monthly), and Finance % Charge.
Defining Finance Type and Finance % Charge is mandatory.
If you set Finance Type as Daily, it means the finance percentage will be applied on the daily basis, for example if you set 5% and the invoice is due for 8 days, the finance charge for the due invoice would be 40% of the total amount of the invoice.
You can add the finance percentage as per your requirements, it means the percentage can vary from customer to customer.
Generate Finance Charges for Customer's Unpaid Invoices
Click on the Action button and select Generate Finance Charges, you will see a Pop-up for adding Due date, add the date and click on the Finance Charges button.
As soon as you click on the Finance Charges button. It will immediately calculate the finance charges for the unpaid invoices and generate the finance charges invoices for that customer.
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Need Any Help?
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