What this module does

In Venezuela, IGTF (tax on large financial transactions) often applies when operations involve foreign currency. This app plugs that into Odoo Accounting so your team does not have to calculate IGTF outside the system.

• Payments in another currency — When you register a payment in a currency other than your company currency, Odoo can compute the IGTF complement on that payment.
• Correct accounts & journal — You choose the IGTF journal and keep receivable / payable IGTF accounts consistent with your chart of accounts.
• Clear audit trail — A dedicated journal entry can be created and linked to the payment, so IGTF is traceable in your books.

Key features

• Company configuration — Enable IGTF, set the percentage, and define accounts for IGTF receivable and payable (plus optional IGTF journal on payments).
• Payment register wizard — When the payment currency differs from the company currency, IGTF fields appear: rate, IGTF journal, computed IGTF amount, and total including IGTF.
• Posted payments — IGTF amounts and links to the related IGTF journal entry on the payment form when applicable.
• Invoices — IGTF total from matched payments is shown on the invoice form (when non-zero) and in the invoice PDF layout.
• Accounting clarity — Designed for teams that need compliant handling of foreign-currency payments together with visible IGTF on documents.

How to configure and use

1. Install Quantum IGTF — Venezuela (Accounting) from Apps.
2. Go to Settings → Companies, open your company, and open the Venezuela IGTF tab. Enable IGTF, enter the rate, and set the receivable and payable accounts (and use the payment screens to pick an IGTF journal when registering payments).
3. Create or open an invoice, then use the standard Register payment flow. When the payment is in a foreign currency, complete the IGTF fields and post.
4. Review the invoice and printed report for IGTF totals; verify the IGTF journal entry from the payment when needed.

Screenshots

1. Company — Venezuela IGTF tab

Configure IGTF rate, eligibility on foreign-currency payments, and receivable / payable accounts.

2. Posted customer invoice

Standard invoice in company currency before registering a foreign-currency payment.

3. Register payment — IGTF on foreign currency

Payment wizard with IGTF rate, journal, computed IGTF amount, and total including IGTF.

4. Invoice — IGTF from payments

IGTF from matched payments shown in the invoice totals while the document is in payment.

5. Payment — Venezuela IGTF section

Posted payment with IGTF configuration, amounts, and link to the IGTF journal entry.

6. Journal entry — IGTF foreign-currency charge

Balanced entry posting the IGTF complement to bank and payable accounts.

7. Printed invoice — IGTF (payments) on PDF

Proforma / report layout with IGTF line in the totals block.

Odoo services — Point of Sale expertise

At Quantum Spire we are specialized in Odoo Point of Sale. Our experienced team designs and delivers complex POS structures—multi-store and multi-channel flows, tailored payment and receipt logic, integrations (payments, hardware, e-commerce), performance, and a solid link to stock and accounting.

If your business needs consulting, customization, implementation, migration, training, or long-term support for Odoo POS, we are here to help—not only for this module, but for your full checkout and in-store operations.

Contact us by email: support.quantumspire@gmail.com  — describe your Point of Sale needs and we will get back to you.