v 15.0 Third Party 4
Required Apps Invoicing (account)
Lines of code 285
Technical Name o2b_finance_charge
LicenseOPL-1
Websitehttps://www.o2btechnologies.com
Also available in version v 13.0 v 14.0 v 9.0 v 11.0 v 10.0 v 12.0
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Required Apps Invoicing (account)
Lines of code 285
Technical Name o2b_finance_charge
LicenseOPL-1
Websitehttps://www.o2btechnologies.com
Also available in version v 13.0 v 14.0 v 9.0 v 11.0 v 10.0 v 12.0

Finance Charge

This module enables Odoo users to generate the finance charge invoice from the customer contacts. If the customer didn’t 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

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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