$ 170.27
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Community Apps Dependencies | Show |
| Lines of code | 5879 |
| Technical Name |
viin_account_onbehalf_payment |
| License | OPL-1 |
| Website | https://viindoo.com/apps/app/17.0/viin_account_onbehalf_payment |
| Versions | 16.0 17.0 |
The service of handling deposits/withdrawals on behalf is a common accounting task that frequently needs to be processed, with typical cases such as:
Logistics Companies
- Collection on behalf (Cash on Delivery - COD): The shipping provider collects payment for goods from the recipient on behalf of the seller, then transfers the funds to the seller.
- Payment on behalf: Covers transportation fees, storage fees, or other costs related to goods.
Financial Service Companies
- Collection on behalf: Banks collect payments on behalf of businesses from customers, such as service bills, insurance premiums, or installment payments.
- Payment on behalf: Banks process payments on behalf of businesses, including employee salaries, service fees, or other requested expenses.
The Problem
In business operations, collection/payment on behalf transactions must be managed and accounted for separately from the business’s own revenues and expenses. This ensures transparency, avoids confusion between financial sources, and complies with legal regulations on accounting and finance.
Principles and Management Practices for Collection/Payment on Behalf Transactions:
- Separate Documentation and Account Recording
- Exclude from Business Revenue and Expenses
- Periodic Reconciliation
- Detailed Reporting
Key Features
- Allow record on-behalf partner on the payments.
- Generate on-behalf entries after post payment to transfer receivable/payable from customer/vendor to on-behalf partner automatically.
- Reconcile receivable/payable of Customer/Vendor automatically.
Journal Entries
The accounting entries for this transaction will be as follows
Payment Entries
| Account | Debit | Credit | Partner | Matching # |
| Bank Account | 200 | 0 | Customer A | |
| Receivable Account | 0 | 200 | Customer A | A1 |
On-behalf Entries
| Account | Debit | Credit | Partner | Matching # |
| Receivable Account | 200 | 0 | Customer A | A1 |
| Payable Account | 0 | 200 | Vendor A |
Editions Supported
- Community Edition
- Enterprise Edition
Odoo Proprietary License v1.0 This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file). You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one). It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software. The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
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