| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Discuss (mail)
• Invoicing (account) |
| Lines of code | 523 |
| Technical Name |
ol_cheque_management |
| License | LGPL-3 |
| Website | https://www.odolution.com/ |
| Versions | 16.0 17.0 18.0 |
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Discuss (mail)
• Invoicing (account) |
| Lines of code | 523 |
| Technical Name |
ol_cheque_management |
| License | LGPL-3 |
| Website | https://www.odolution.com/ |
| Versions | 16.0 17.0 18.0 |
Why Cheque Management?
The Cheque Management app streamlines the financial handling of cheques by automating journal entry creation based on predefined configurations. It enables finance teams to manage the entire lifecycle of cheques such as marking them as Cleared, Dishonoured, or Returned to Office while ensuring accurate and compliant accounting entries. The system intelligently selects debit and credit accounts either from the configured setup or based on the selected bank or cash clearing method. Each action updates the cheques status and posts the relevant journal entry, reducing manual workload and enhancing traceability. This configuration-driven approach allows businesses to implement client-specific cheque handling policies without altering core logic, ensuring flexibility and reliability in financial operations.
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Key Attributes of Cheque Management
Lifecycle Management
Manage the full lifecycle of cheques, including Cleared, Dishonoured, and Returned to Office, ensuring proper status tracking and financial compliance.
Automated Journal Entries
Generates and posts accurate journal entries for each cheque action, streamlining the accounting process and reducing manual effort.
Configuration-Driven Accounting
Define and manage cheque-related accounts dynamically using configuration settings for debit, credit, and journal handling.
Dynamic Account Selection
Selects the correct bank or cash accounts for clearing based on user input, ensuring accurate transaction records.
Partner and Date Integration
Integrates partner and accounting dates with each journal entry, enabling efficient reporting and financial tracking.
Cheque Management
The MARK AS UTILIZED method processes the cheque as utilized by updating its status and posting the appropriate journal entry based on the configured debit or credit accounts.
When marked as utilized, it generates the corresponding journal entries, including the debit and credit accounts.
The RETURNED TO OFFICE updates the cheque status to "Returned to Office" and posts the relevant journal entry reflecting the return transaction.
The MARK AS CLEARED marks the cheque as cleared and posts the appropriate journal entry based on the selected clearing method (debit or credit).
All the journal entries related to these actions are displayed. They are shown in the list below for your reference.
Details of the journal entry for the cheque are displayed. It shows the debit and credit entries along with the associated accounts.
Cheque configuration
Open your database and navigate to Cheque Management
The cheque configuration for 'Mark as Utilized' is presented. This configuration includes details regarding the debit account, credit account, and journal. If the 'Is Clear By' option is selected for either the debit or credit account, the corresponding account for the journal entry will be chosen based on the selected clearing option in the cheque form.
The cheque configuration for 'Mark as Cleared' is displayed. It shows the debit account, credit account, and journal details.
The cheque configuration for 'RETURNED TO OFFICE' is displayed. It shows the debit account, credit account, and journal details.
The cheque configuration for 'RETURNED TO Customer' is displayed. It shows the debit account, credit account, and journal details.
The cheque configuration for 'AGAIN DEPOSIT' is displayed. It shows the debit account, credit account, and journal details.
The cheque configuration for 'MARK AS DISHONOURED' is displayed. It shows the debit account, credit account, and journal details.
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Support Ticket
To get assistance, please visit www.odolution.com to create a support ticket. Simply register on our platform and provide the details of the issue, and our team will work to resolve it promptly.
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