Credit Card Payments

by
Odoo          
v 7.0 Third Party 1293
Download for 7.0 series
You bought this module and need support ? Click here !
Technical name account_payment_cc
LicenseAGPL-3
Websitehttp://www.ursainfosystems.com
Repositorylp:~rcarnes/openerp-shared/7.0
Required Apps eInvoicing & Payments (account_voucher)
eInvoicing (account)
Technical name account_payment_cc
LicenseAGPL-3
Websitehttp://www.ursainfosystems.com
Repositorylp:~rcarnes/openerp-shared/7.0
Required Apps eInvoicing & Payments (account_voucher)
eInvoicing (account)

Credit Card Payments

Cleaner management of credit card expenses, and credit card statements.

This module provides a way to record Credit Card purchases, to have the associated AP moved from the provider of the product or service to the credit card company, and to pay them like you pay a regular Supplier Invoice.

Review Detailed Documentation

Rationale

Without this module, if Supplier Invoices are used to record Credit Card purchases, the liability (AP) from the Supplier/Vendor must be moved to the Credit Card Company via a Manual Journal Entry.

Because a Journal Entry contains less information than a Supplier Invoice, there may be a loss of information that affects book keeping accuracy and the ability to properly reconcile the AP amount when the Credit Card statement arrives and needs to be settled.

This method also requires and additional step not needed when a Supplier Invoice is paid via bank or cash.

Without this module, if Manual Journal Entries are used to record Credit Card purchases, there may be a loss of information that affects book keeping accuracy and the ability to properly reconcile the AP amount when the Credit Card statement arrives and needs to be settled.

This method also requires a different workflow to the one that is used when a bank or cash payment is made.

Details

This module automates the creation of the Manual Journal Entry required to move the AP to the Credit Card Company, retains all information about the purchase in an Invoice document, and leverages the standard purchase and payment workflow already in place for bank and cash payments.

It supports as many Credit Cards as are needed, configured in the same way an additional payment method would be (i.e. via the creation of a new Journal).

To settle a Credit Card statement, the regular workflow to record a Supplier Payment is used allowing the removal of charges not included in the statement. Non purchase transactions like fees for annual membership, balance transfers, cash advances and foreign transactions; as well as charges for late payments and returned checks; can be entered either as Supplier Invoices or Manual Journal Entries as users elect. Both of these methods will allow these items to be settled when making a payment to the Credit Card Company.

This module also supports payment cancellation and re-entry (in the case a mistaken amount is entered) as well as refunds (where the purchase is returned and a credit from the Credit Card Company will be issued).

We want to hear from you!

Ursa is always looking for feedback on our contributions.

If you have anything you want to share with us based on your use of this module, please let us know.

You can email contact@ursainfosystems.com.

To learn more about us and what we do, visit us on the web at www.ursainfosystems.com

Please log in to comment on this module

Please choose a rating from 1 to 5 for this module.