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Customer Credit Limit & Sale Payment Dues Restriction

by
Odoo

$ 29.09

v 17.0 Third Party 2
Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies • Invoicing (account)
• Sales (sale_management)
• Discuss (mail)
Lines of code 220
Technical Name rr_partner_credit_limit
LicenseLGPL-3
Websitehttps://www.upwork.com/freelancers/~01cade382007623f02
Versions 14.0 15.0 16.0 17.0 18.0 19.0
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Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies • Invoicing (account)
• Sales (sale_management)
• Discuss (mail)
Lines of code 220
Technical Name rr_partner_credit_limit
LicenseLGPL-3
Websitehttps://www.upwork.com/freelancers/~01cade382007623f02
Versions 14.0 15.0 16.0 17.0 18.0 19.0
Community
Enterprise
Odoo.sh

Optimize Your Odoo Workflow with Smart Credit Limit & Payment Term-Based Restrictions

Key Highlights

Credit Limit Management – Set and enforce credit limits for partners to control outstanding balances

Payment Term-Based Restrictions – Restrict transactions based on overdue payments and defined payment terms!

Automated Enforcement – Block orders or invoices if credit limits or payment terms are exceeded!

Sales Manager Approval – Allows sales managers to override restrictions and approve orders when necessary!

Multi-Company Support – Enable From configration credit limit and payment term restrictions per company.!

Customizable Rules – Configure restrictions based on business needs for better financial control!

Seamless Odoo Integration – Works effortlessly within Odoo’s sales, invoicing, and accounting modules!

  • How It Works

    • Navigate to → Apps → install this rr_partner_credit_limit module

    Navigate to Settings → Invoicing → Enable Credit limit For partner to use Credit limit , As Well Payment due Restrictions, Also it's work With multi-company Environment So it's only work with That Company which have enable this configration settings. !

    After enabling the credit limit, two additional fields become visible: Allocated Credit Limit and Remaining Credit. The Allocated Credit Limit allows you to define the partner's credit amount. The Remaining Credit is automatically updated upon saving, factoring in any outstanding dues. If the customer has an existing due amount, it is automatically deducted from the allocated limit, and the remaining credit is displayed. When the customer makes a payment, the remaining credit is updated accordingly.

    Let's proceed with the sales order. When you select a customer, their credit limit will automatically be displayed in the header..

    After the conform that sale order we created invoice for customer

    Let's check the customer Credit limit ,now we can see that customer have zero remaining limit, if they pay this invoice it's automatic get added in remaining credit balance

    Now, for this customer, we are unable to create a sales order; only quotations can be generated. There are two options: the first option is to settle the previous outstanding amount And Second one is the sala manager access which is mention in next stage

    This model enforces two key restrictions: Credit Limit – Determined by the customer's allocated credit limit. Outstanding Balance – Based on the customer's payment terms and any previous dues. To override these restrictions, the Sales Manager has the authority to approve exceptions.

    To enable the Payment Due Restriction, it must first be activated in the configuration settings. This functionality is fully compatible with a multi-company environment, so ensure it is enabled for the relevant companies. Now, let's navigate to the invoice. Here, we can see that there is an overdue payment, as the payment term due date has already passed.

    Let's go to the sales module and create a sales order for that customer. You will now see the restriction in place, which applies only to customers who have missed the due date according to the defined payment terms.

    Version 17.0.1.0.0|Released on:21st March 2024

    Initial Commit for Customize Signup.

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