| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 118 |
| Technical Name |
iwesabe_advance_payment |
| License | AGPL-3 |
| Website | https://www.iwesabe.com/ |
| Versions | 14.0 15.0 16.0 17.0 18.0 |
Customer/Vendor Advance Payment.
Advance Payment Reconcile helps you effortlessly manage and reconcile your advance payments.
You can create Advance payments for customers and vendors and can post it if the payments are received.
If a customer/vendor has made an advance payment, the invoice/bill generated for them will be automatically reconciled with the received payment when posted.
About Us
iWesabe
is an Odoo Gold Partner and
leading Odoo ERP
Implementation and Odoo customization company operating from Saudi Arabia, UAE, Bahrain and India. We
encompasses on the planning, development, implementation, and application of existing and new
technologies and systems that provide for the process of collecting, storing, and organizing information
for its future retrieval, exchange, use, and delivery. Knowing and understanding a customers unique
needs and being able to fulfill them not just to their satisfaction but also often beyond expectation is
the hallmark of a customer-centric organization. At iWesabe, we are committed to achieving and exceeding
this level of performance at all times. We are single-mindedly devoted to provide the most reliable and
highest-quality of products and services in the realm of IT services.
In short, we are a one-stop web solutions company. iWesabe with its multiple sections, each
concentrating on specific areas of interest. We provide various other services that suites your need at
affordable prices, quality and satisfaction guaranteed.
If you feel that this module can be helpful for your business, feel free to email us on odoo@iwesabe.com
Our Services
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Not compliant with IFRS
The main purpose of the advance is to report the advances as per IFRS standards. In the case of a customer, when you receive an advance, you register payment, and it will credit your receivable account, which is against the nature of an asset. The correct entry should be bank Dr and Cr advance from customer, which is liability in nature. Same goes for advance given to supplier; the entry should be cr bank and debit to advance to supplier, which is current asset, while your system just debit the account payable, which is again the nature of GL. Please work on that
The main purpose of the advance is to report the advances as per IFRS standards. In the case of a customer, when you receive an advance, you register payment, and it will credit your receivable account, which is against the nature of an asset. The correct entry should be bank Dr and Cr advance from customer, which is liability in nature. Same goes for advance given to supplier; the entry should be cr bank and debit to advance to supplier, which is current asset, while your system just debit the account payable, which is again the nature of GL. Please work on that
The main purpose of the advance is to report the advances as per IFRS standards. In the case of a customer, when you receive an advance, you register payment, and it will credit your receivable account, which is against the nature of an asset. The correct entry should be bank Dr and Cr advance from customer, which is liability in nature. Same goes for advance given to supplier; the entry should be cr bank and debit to advance to supplier, which is current asset, while your system just debit the account payable, which is again the nature of GL. Please work on that
Module changes the default payment sequencing
After installing the module, I realized that it changes the default payment sequencing to match that of advance payment. Initially, for cash payments would be PCSH and bank PBNK. Even uninstalling the module does not reverese that such that both payments and advance payment have the sequence ADV/PYMT/PCSH and ADV/PYMT?PBNK making them indistinguishable from regular payment. Kindly assist.