SAME PAYABLE & RECEIVABLE ACCOUNT IN PARTNER

This module helps to set the same account for account payable and account receivable. Normally, Odoo keeps two separate accounts for account receivable and account payable. For some business scenarios, the buyer and seller may be the same partner, so keeping two separate accounts for the same partner will complicate the accounting process. This module helps the user to set the same account for both and simplifies the accounting process.

Before installing the module

Customer Creation Form

After installing the module

After the installation, this module will set the same account for account payable and account receivable.

Keep Separate Accounts

To keep separate accounts, click on the Keep Separate Accounts field and choose the account for account payable and account receivable as usual.

Benefits of keeping the same account

Customer Invoice

A sales is made to Maxwell.

Vendor Bill

A purchase is made from Maxwell.

As a buyer, you have to pay Maxwell. Select the vendor bill and below you can see outstanding debits with the sales invoice number and amount. Click on the Add button and reconcile the invoice.

The vendor bill is paid.