| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 1171 |
| Technical Name |
account_payment_split |
| License | OPL-1 |
| Website | https://www.vauxoo.com |
| Versions | 16.0 17.0 18.0 |
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 1171 |
| Technical Name |
account_payment_split |
| License | OPL-1 |
| Website | https://www.vauxoo.com |
| Versions | 16.0 17.0 18.0 |
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App
Payment Split
This module allows to specify the amount paid on each invoice in a multi-invoice payment.
*Useful for: Accountants and Finance Managers.
Take control of your payments, splitting them accurately across multiple invoices.
App
Payment Split
This module allows to specify the amount paid on each invoice in a multi-invoice payment.
*Useful for: Accountants and Finance Managers.
Take control of your payments, splitting them accurately across multiple invoices.
Main Features Main Features
Specify the amount paid on each invoice in a multi-invoice payment. Specify the amount paid on each invoice in a multi-invoice payment.
Easily manage payments for multiple invoices from the same partner. Easily manage payments for multiple invoices from the same partner.
Handle multi-currency payments with a smart rounding mechanism. Handle multi-currency payments with a smart rounding mechanism.
Installation
Apps > Payment Split > Activate
Usage
Step 1
Create and validate more than one invoice for the same partner.
Step 2
Select the invoices in the tree view and use the Register Payment action.
Step 3
Select the currency, journal, and amount.
Step 4
You can change the rate using the custom rate for all lines, although the rate field for a specific line is not supported in this version.
Step 5
Check the payment lines for each invoice. Blue lines indicate a correct partial payment, normal lines indicate a correct total payment, and red lines mean the payment amount is larger than the due amount.
Important Note: Smart Rounding for Full Payments
Be aware that when running the wizard for the first time, it will attempt to pay invoices in full. When multi-currency invoices are involved, a special case is performed. We strive to pay invoices in full in the invoice currency to avoid leaving small cents to be paid later.
For example:
- If your company currency is MXN.
- The invoice you are going to pay is also in MXN: MXN 627.68.
- Your payment currency is USD (you have selected a Journal in USD).
- You set a custom rate of 23.00 MXN / USD.
- The computed rate in the line will be approximately: 23.000366434591.
Why is this done this way? Let's use a calculator:
Making the division: 627.68 / 23.00 = 27.290434782608696, which you would typically round to two digits, yielding 27.29 USD.
Now, this amount in USD (27.29) must be booked in MXN (company currency) at your selected rate (23.00) with two digits for rounding: 27.29 * 23.00 = 627.67 MXN.
As you can see, this conversion yields almost the same value that is to be paid for your invoice (627.67 MXN vs 627.68 MXN). However, this would leave a small amount to be reconciled: MXN 0.01.
Therefore, by design, we have decided to round up to the full amount of the invoice. This only happens in the edge case when half of a cent of the foreign currency converted to local currency is greater than the remaining value to be paid in full. That is, 0.01 / 2 * 23.00 = MXN 0.12, which is greater than MXN 0.01.
Consider these values:
- 27.28 USD * 23.00 MXN/USD = 627.44 MXN
- 27.29 USD * 23.00 MXN/USD = 627.67 MXN (This is our value, which is the closest one to 627.68 MXN)
- 27.30 USD * 23.00 MXN/USD = 627.90 MXN
Support
We are committed to the quality of the product and the services offered, so we have a support channel with experts in different areas.
How can we help?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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