Overview

The Partner Outstanding Credit/Debit Balance module provides a clear, real-time financial view for every customer and vendor in Odoo. It introduces a dedicated Balance field inside the Contact form, displaying whether the partner owes your company money (debit) or whether your company owes the partner (credit).

This module is designed for businesses that need simple and reliable tracking of customer outstanding amounts, vendor outstanding amounts, receivables, payables, and overall partner financial status without navigating through multiple accounting reports.

Step-by-Step Usage Guide

1. Install the Module
   Install Partner Outstanding Credit/Debit Balance from the Odoo App Store.
   After installation, a new Balance field is added automatically inside every Contact record.
2. Access the Balance in Contacts
   Open the Contacts module.
   Select any customer or vendor.
   The Balance field displays the partner’s current outstanding amount.
   This value represents the partner’s net financial position based on invoices and vendor bills.
3. Create a Customer Invoice
   Go to Accounting → Customers → Invoices.
   Create a new invoice and confirm it.
   Result:
   The partner’s debit amount increases.
   A positive balance means the customer owes your company.
4. Process Additional Invoices
   Each confirmed invoice increases the partner’s Outstanding Debit Balance.
   The updated balance can always be viewed directly from the contact record.
5. Create a Vendor Bill
   Navigate to Accounting → Vendors → Bills.
   Create and confirm a bill for the same partner.
   Result:
   The partner’s credit amount increases.
   A negative balance means your company owes the vendor.
6. Balance Interpretation
   Positive Balance (Debit)
   The partner owes money to your company.
   This is the partner’s outstanding receivable.
   Negative Balance (Credit)
   Your company owes money to the partner.
   This is the outstanding payable.

Key Features

• Real-Time Partner Balance
  Automatically shows the partner’s Outstanding Balance, updated instantly as invoices or vendor bills are validated.


• Automatic Debit and Credit Updates
  Confirmed Customer Invoices increase the partner’s debit balance.
  Confirmed Vendor Bills increase the partner’s credit balance.
  The system continually maintains an accurate and cumulative balance.


• Clear Financial Interpretation
  A positive balance indicates the partner must pay your company (receivable).
  A negative balance indicates your company must pay the partner (payable).


• Full Odoo Integration
  Works seamlessly with:
  Odoo Accounting
  Odoo Contacts
  Customer Invoices
  Vendor Bills
  Sales and Purchase workflows
  No configuration is required. The feature activates immediately after installation.