TDS & TCS Round Off Value
by BeyonData Solutions Private Limited https://www.beyondatagroup.com/$ 91.02
In-App Purchases| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 127 |
| Technical Name |
bd_tcs_tds_round_off |
| License | OPL-1 |
| Website | https://www.beyondatagroup.com/ |
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 127 |
| Technical Name |
bd_tcs_tds_round_off |
| License | OPL-1 |
| Website | https://www.beyondatagroup.com/ |
TDS & TCS Round Off Value
Key Highlights
TDS & TCS Round Off Value
Standard Round-Off Logic
The module rounds TDS and TCS values to the nearest whole number, where decimal values below .50 are rounded down and .50 or above are rounded up.
Automatic Application on Transactions
The round-off is applied automatically on vendor bills (TDS) and customer invoices (TCS) without requiring manual intervention.
Real-Time Calculation
Rounded values are reflected instantly during invoice and bill creation, ensuring accurate tax visibility.
Seamless Integration with Accounting
The module works smoothly with existing accounting processes in Odoo without impacting standard workflows.
Enable or Disable Option
Users can easily enable or disable the round-off functionality based on business requirements.
Improved Accuracy and Consistency
Ensures uniform rounding of tax values across all transactions and reduces manual adjustments.
Overview
TDS & TCS Round Off Value
The TDS & TCS Round Off Value module enhances the accounting functionality of Odoo by
applying standard rounding rules to TDS (Tax Deducted at Source) and TCS
(Tax Collected at Source) amounts.
In standard Odoo, tax values are calculated with decimal precision.
This module ensures that TDS and TCS amounts are automatically rounded off to the nearest
whole number based on standard rounding logic, where values below .50 are rounded down
and values of .50 or above are rounded up.
The rounding is applied automatically during vendor bills (TDS) and customer invoices
(TCS) without affecting the original tax computation. It integrates seamlessly
with existing workflows and ensures consistent and accurate tax values across all transactions.
SCREENSHOTS
Configuration
Tax Type Configuration (Mandatory)
- To use the TDS & TCS Round Off Value module effectively in Odoo, it is mandatory to select the appropriate Tax Type while configuring taxes.
-
Users must ensure that:
- Sales is selected for TCS-related taxes
- Purchases is selected for TDS-related taxes
- The module applies the round off logic based on this Tax Type selection.
- If the Tax Type is not configured, the functionality of the module will not be triggered.
TDS value without rounding off
Configuration for TDS rounding off functionality
- To use the TDS rounding off functionality, navigate to the Accounting Module, then go to Configuration, select Settings, and enable "Allow TDS Round Off under the Round Off section.
Bill with the TDS Rounded off Amount :
- After enabling the configuration, the TDS amount in the vendor bill is automatically rounded off to the nearest whole number based on standard rounding rules.
TCS value without rounding off :
Configuration for TCS rounding off functionality :
- To use the TCS rounding off functionality, navigate to the Accounting Module, then go to Configuration, select Settings, and enable "Allow TCS Round Off" under the Round Off section.
Invoice with the TCS Rounded Off Amount :
- After enabling the configuration, the TCS amount in the Customer invoice is automatically rounded off to the nearest whole number based on standard rounding rules.
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Click Here!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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