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Interest on Overdue Invoice
This module enables businesses to apply interest charges on overdue invoices directly within Odoo. It simplifies late payment management by automatically calculating and updating interest amounts based on defined payment terms, ensuring accurate journal entries and improved financial tracking.
Video Tutorial
Features
Screenshots
Support
Service
Features
Automatic Interest Calculation
Calculates interest on overdue invoices using Scheduled Actions (Cron), reducing manual effort.
Flexible Periods
Interest can be configured for daily, weekly, or monthly periods, allowing businesses to adapt to different policies.
Customizable Payment Terms
Users can enable interest rules in payment term configuration and set specific rates and accounts for journal entries.
Warnings for Duplicate Updates
Provides alerts if an invoice is updated multiple times within the same interest period, preventing errors.
Screenshot
1) Payment Terms Menu
Start Setting up payment terms
Navigation : Invoicing → Configuration → Payment Terms
2) Payment Term Form View
Here you can create payment terms for daily, weekly, and monthly interest.
3) Set Access Right
Users assigned Sales Administrator rights are authorized to reset the interest rate details.
4) Daily Interest
This invoice displays the calculation of daily interest.
5) Warning
Updating interest a daily invoice more than once per day may raise Warning if payment terms is daily interest.
6) Validated Invoice
Once an invoice has been validated, you cannot reset the interest; you can only update it.
7) Monthly Interest
This invoice displays the calculation of Monthly interest.
8) Warning
Updating interest a monthly invoice more than once per month may raise Warning if payment terms is monthly interest.
9) User Without Admin Access
Users with basic access rights cannot reset the interest.
10) Posted Invoice
Users with basic access rights cannot reset the interest after validate invoice.
11) Automatic Interest Update
You can also enable this automatic script for automatic interest update.
User Guide
Teams
team@inkerp.com
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| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Sales (sale_management) • Discuss (mail) |
| Lines of code | 263 |
| Technical Name |
eg_interest_on_overdue_invoice |
| License | OPL-1 |
| Website | https://www.INKERP.com |
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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