Deferred entries consolidation
by CLuedoo https://www.cluedoo.com/shop/lic-clu-set-acc-0053-deferred-entries-consolidation-6505$ 200.00
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Community Apps Dependencies | Show |
| Lines of code | 656 |
| Technical Name |
fal_deferred_entries_period |
| License | OPL-1 |
| Website | https://www.cluedoo.com/shop/lic-clu-set-acc-0053-deferred-entries-consolidation-6505 |
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Community Apps Dependencies | Show |
| Lines of code | 656 |
| Technical Name |
fal_deferred_entries_period |
| License | OPL-1 |
| Website | https://www.cluedoo.com/shop/lic-clu-set-acc-0053-deferred-entries-consolidation-6505 |
STORY BEHIND THE FEATURES
ODOO BEHAVIOUR
In Odoo, when an invoice or bill has an accounting date in a specific month (e.g., August 2024), the system automatically creates deferred revenue or expense entries starting from the invoice's initial period (e.g., June 2024). However, if previous periods (like June or July 2024) are already closed, Odoo does not have a mechanism to prevent entries from being posted into these locked periods.
CLUEDOO BEHAVIOUR
Cluedoo introduces enhanced functionality to address the limitations of deferred revenue and expense management in Odoo. It provides two key features: the ability to select the start date for deferred entries and an option to group these entries by product . Users can decide how to handle deferred entries for closed periods, either assigning them to the current bill month (based on the invoice date) or pushing them to the first open period . "Deferred Original Date" column was also added to track the theoretical date easier. Additionally, the “ Group by Product ” option for deferred entries ensures that journal items are organized by product, offering clearer tracking and better categorization in accounting records.
MODULE +
Cluedoo’s new feature streamlines deferred entry management by ensuring compliance with closed-period rules and enhancing the visibility of product-related details. This improvement simplifies reconciliation, minimizes errors, and provides a more accurate and flexible accounting workflow.
OUR FEATURES AS SOLUTIONS
Consolidate deferred entries in Invoice Date/First Open Period
"Deferred Original Date" column in Deferred Entries
HOW TO USE THIS MODULE
|
Go to
Settings
>
Accounting
>
Deferred Entry Adjustment
, there are 3 options:
- En dash (Odoo standard) : posting past entries monthly - Consolidate in Invoice Date : posting past entries in the current bill month - Consolidate in First Open Period : posting past entries in the first available month of the periods lock Note: Install fal_account_periods_lock |
|
|
1. Odoo standard Go to Accounting > Invoices/Bills > Fill in the necessary information > Checkbox Deferred Revenue/Expense > Confirm > Deferred Entries smart button will appear |
|
|
Deferred entries are distributed monthly |
|
|
2. Consolidate in Invoice Date Go to Accounting > Invoices/Bills > Fill in the necessary information > Checkbox Deferred Revenue/Expense > Confirm > Deferred Entries smart button will appear e.g. Start Date = 1 June 2024, End Date = 31 May 2025, Invoice Date = 15 December 2024 |
|
|
All the past entries (June-November 2024) will be shifted to the current bill month (based on Invoice Date) which is December 2024 You have the option to Group by Product as well. |
|
|
3. Consolidate in First Open Period 3.1 Go to Accounting > Periods Lock > Click Lock Period to close the months that you want to lock e.g. Periods from Jan to Jun 2024 are CLOSED |
|
|
3.2 Go to Accounting > Invoices/Bills > Fill in the necessary information > Checkbox Deferred Revenue/Expense > Confirm > Deferred Entries smart button will appear e.g. Start Date = 1 Jan 2024, End Date - 31 Dec 2024 |
|
|
All the past entries (Jan-Jun) will be shifted to the first open period (July 2024) You also have the column Product for easier tracking |
|
|
4. Deferred Original Date
We added
Deferred Original Date
column to track the
theoretical date
- the date of the original move for which the deferred entries were
created (both past and future date)
|
|
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