Customer advances credit a current-liability account, vendor advances debit a current-asset account, so deposits and prepayments appear correctly on the balance sheet.

A banner appears on any invoice or bill whose partner has outstanding advances. One click opens a wizard to apply the amount you choose, partially or in full.

Applications reconcile through Odoo's standard mechanism and show in the partner ledger. Every journal entry links straight back to its Advance Payment.

A proper Advance Payment record with its own sequence and status, separate from regular payments, for both customers and vendors.

Set the customer and vendor advance accounts once in Accounting Settings. They pre-fill each advance and stay editable per record.

Apply one advance across several invoices, or several advances to one invoice. The remaining balance updates automatically.

An alert tells you when a partner has outstanding advances, and the Apply Advance wizard lists exactly which ones can be applied.

The bank side posts to the journal's Outstanding Receipts or Payments account, just like a standard payment, so bank statement matching still works.

Advance accounts are kept reconcilable automatically, and entries tied to an advance are protected from accidental reset so balances stay consistent.

Return any unused advance to the partner in one click, full or partial. The module posts a reversing entry, reconciles the advance account, and marks it refunded.

Every advance shows how much is applied, refunded and still available, and moves through its status on its own as you use it.

Debit Bank or Outstanding Receipts, credit Advance from Customers, a current liability.

Debit Advance from Customers, credit Accounts Receivable, reconciled against the invoice.

Debit Advance to Vendors, a current asset, credit Bank or Outstanding Payments.

Debit Accounts Payable, credit Advance to Vendors, reconciled against the bill.

In Accounting Settings, choose the default customer advance liability account and vendor advance asset account. They are made reconcilable automatically.

Create an Advance Payment of type Customer or Vendor, pick the journal, enter the amount and post it. The advance now sits in the correct balance-sheet account.

When the invoice or bill is posted, click Apply Advance, choose how much of which advance to apply, and confirm.

The module posts the transfer entry and reconciles it against the document, reducing the amount due and updating the partner ledger.

Each advance shows how much is applied and how much remains, and moves through Posted, Partially Applied and Applied on its own.

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