Odoo
Implementation
Advance Payment | Advance Account Payment | Customer Advance Payment | Vendor Advance Payment | Account Payment Advance
by Creyox Technologies https://www.creyox.com
Odoo
$ 199.41
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Accounting (accountant)
• Invoicing (account) • Discuss (mail) |
| Lines of code | 652 |
| Technical Name |
cr_advance_account_payment |
| License | OPL-1 |
| Website | https://www.creyox.com |
| Versions | 13.0 14.0 15.0 16.0 17.0 18.0 19.0 |
Community
Enterprise
Odoo.sh
Advance Account Payment
Overview
This module enhances Odoo's accounting functionality by enabling the management of advance payments for both customers and vendors. Users can mark specific accounts for advance payments, track these payments through journal entries, and apply. Key features include the ability to define incoming and outgoing accounts for advance payments, automatic reconciliation, and seamless integration with existing accounting workflows. This module simplifies and streamlines the handling of advance payments in your Odoo system.
Hot Features
Automatic Advance Payment Allocation
Advanced Customer & Vendor Payments
Easy Advance Payment Account Setup
Auto Reconciliation for Advance Payments
Advance Payment Returns Support
Features
Supports advance payments for both customer invoice and vendor bills.
Enables easy setup of incoming and outgoing accounts for advance payments.
Automatically reconciles advance payments with open invoices, reducing manual effort and potential errors.
Also supports return advance payments for both customer invoice and vendor bills.
Multiple advance payments can be applied to multiple invoices/bills.
Advance Account Payment
- Add an (Advance Payment?)boolean field to the Chart of Accounts. Accounts in which that field is true will be used for advance payment. Additionally, create new accounts specifically for customer and vendor advance payments.
- Create new Journal for Advance Payments.
- Add new configuration in accounting settings, and set Default Configuration for Advance Payments.
- Add new menu name Advance Payments under the Customer menu.
- Choose the Payment Amount, Payment Journal, and Customer. When the customer has made payment, specify the Payment Date as well. Unless you need to modify it, the default configuration that you established for the advance payment account will be displayed. In order for the advance payment to be posted, save it as a draft or confirm it.
- Posted advance payment can now be used to apply advance payments on invoices.
- When an advance payment is posted, a journal entry will be created.
- Add (Apply Advance Payment)button in Customer form view. On click this (Apply Advance Payment)button open a Advance Payment Wizard.
- Click on the (Apply Advance Payment) button and the Advance Payment Wizard will open. And click on Apply button apply payment for invoice.
- The chosen advance payments will be added to the Advance Payments tab when you click the wizard's Apply button.
- When applied on the invoice, payment will be shown below the invoice Total and in Advance Payments tab.
- Applying an advance payment to invoices will generate a journal entry, where the accounts used are based on the invoice's account and the advance payment account from the payment. The amount recorded (as a debit or credit) will be the total of all advance payments applied.
- Add new menu name Advance Payments under the Vendor menu.
- Choose the Payment Amount, Payment Journal, and Vendor. When the vendor has made payment, specify the Payment Date as well. Unless you need to modify it, the default configuration that you established for the advance payment account will be displayed. In order for the advance payment to be posted, save it as a draft or confirm it.
- Posted advance payment can now be used to apply advance payments on bills.
- When an advance payment is posted, a journal entry will be created.
- Add (Apply Advance Payment)button in Vendor form view. On click this (Apply Advance Payment)button open a Advance Payment Wizard.
- Click on the (Apply Advance Payment) button and the Advance Payment Wizard will open. And click on Apply button apply payment for bills.
- The chosen advance payments will be added to the Advance Payments tab when you click the wizard's Apply button.
- When applied on the bills, payment will be shown below the bills Total and in Advance Payments tab.
- Applying an advance payment to bills will generate a journal entry, where the accounts used are based on the bill's account and the advance payment account from the payment. The amount recorded (as a debit or credit) will be the total of all advance payments applied.
- Add (Return Advance Payment)button in Advance Payment form view. Click on the (Return Advance Payment) button, and your advance payment is returned. Note that this button will be shown only if there is amount to return.
- Enter the amount to be refunded, the return date, and journal. Confirm the payment to process the refund for the advance payment. The posted refund will be reconciled with the original advance payment.
- When an advance payment is returned, a journal entry will be created.
Customer Invoice Payment
Vendor Bill Payment
Return Advance Payment
Our Services
- Yes, the module allows you to create separate advance payment accounts for customers and vendors. You can configure them in the Chart of Accounts.
- The remaining balance stays in the advance payment account and can be used for future invoices.
- Yes, journal entries are automatically created when an advance payment is recorded.
- No, this app will not work for Odoo Online.
- Please contact us on support@creyox.com
- Yes, we give free support when you buy these app for 60 Days.
- Yes, you need to pay different prices of app version wise.
- You can raise a Ticket on support@creyox.com we'll get back to you with fixes.
Our Services
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.
Please log in to comment on this module