| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Purchase (purchase) • Discuss (mail) |
| Lines of code | 786 |
| Technical Name |
purchase_vendorbill_advance |
| License | OPL-1 |
| Website | https://sodexis.com/ |
| Versions | 12.0 13.0 14.0 15.0 16.0 17.0 18.0 19.0 |
Purchase Order Prepayments (down payment)
Description
This module is configured to allow a user to register down payments against purchase orders and apply down payments to the final bill from the vendor.
Configuration
Go to Settings - - > Purchase - - > Products - - > Prepayment.
- Create a Prepayment Product
- Set Expense account on product in the accounting tab
- On the Purchase tab, set the product to “Ordered Quantities”
- Product Type = Service
Functionality
Go to Purchase and create a new purchase order.
Click on Create Vendor Bill - - > Down payment (percentage) or Down payment (fixed amount) to generate a bill. Multiple Down payments can be made on one purchase order.
While creating a vendor bill, choose the option down payment (percentage) with Down Payment Amount as 50%.
Post the vendor bill and register the payment.
We can see that the actual amount is being debited from the downpayment account setup on the downpayment product under Jorunal Items.
Click on Receive Products to receive the products and validate the receipt.
Since the product has been received, we can create the final vendor bill. Now, we need to choose the the Billable Lines (deduct down payments) option to create the final vendor bill.
Validate the vendor bill for the remaining amount to be paid and register the payment.
We can see that the vendor bill payments have been posted.
Case 2: Down payment (fixed amount)
Go to Purchase and create a new purchase order.
Click on Create Vendor Bill and choose Down payment (fixed amount) where we enter the whole amount to be paid.
Post the vendor bill and register the payment where we can no amount is due in this case.
Receive the products and validate the receipt.
Since the product has been received, we can create the final vendor bill. Now, we need to choose Billable Lines (deduct down payments) option to create the final vendor bill.
Since the full amount has been paid as a fixed amount, after registering the payment the vendor bill will be changed to paid.
We can see that the vendor bill payments have been posted.
Case 3: More than one Down payment applied
Go to Purchase and create a new purchase order.
Click on Create Vendor Bill and choose Down payment (percentage) where 50% of the amount is paid initially.
Post the vendor bill and register the payment.
Click on Create Vendor Bill and choose Down payment (percentage) where 25% of the amount is paid.
Post the vendor bill and register the payment.
Receive the products and validate the receipt.
Since the product has been received, we can create the final vendor bill. Now, we need to choose Billable Lines (deduct down payments) option to create the final vendor bill.
Validate the vendor bill for the remaining amount to be paid and register the payment where there is no due amount to be paid.
We can see that the vendor bill payments have been posted.
Case 4: When the deposit is greater than the amount being built.
Go to Purchase and create a new purchase order.
Click on Create Vendor Bill and choose Down payment (percentage) where 100% of the amount is fully paid.
Post the vendor bill and register the payment where there is no amount due to be paid.
Only half of the quantities are to be received and it will create backorder for the remaining quantities. Validate the receipt.
Now, We can create the final vendor bill. Now, we need to choose Billable Lines (deduct down payments) option to create the final vendor bill.
A Vendor Credit Note is created for the remaining products to be delivered as we have already paid the total amount initially and received only half of the products.
Then, receive the remaining products by validating the receipt and create the final vendor bill.
We can actually pay this final bill with the vendor credit note that was created, and we can see there is no amount due.
We can see that the vendor bill payments have been posted.
Credits
Contributors
- Sodexis <apps@sodexis.com>
This module is maintained by Sodexis.
Purchase Order Prepayments (down payment)
Configuration
Settings -> Purchase
Set prepayment product.
Functionality
Allows a user to register prepayments (down payments) against purchase orders and apply prepayments (down payments) to final bill from vendor.
After validating a purchase order, use the Create Bill -> Down payment (percentage) or Down payment (fixed amount). A bill a generated, and you can create a payment against this bill to register the prepayment (down payment).
When creating the final bill, use the Billable lines (deduct down payments) option to apply the down payment to the final bill.
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