Odoo finance Creating Invoices, Make Payments, Get Report

Odoo finance Creating Invoices, Make Payments, Get Report

Accounts tracking being the backbone of any business organization, here are the few know-hows of the finance software that one must be aware of to maintain their records Odoo finance Creating Invoices, Make Payments, Get Report.

  1. Creating Invoices
  2. Payments
  3. 1. Making Partial payments
  4. 2. Making Full Payments
  5. 3. Making Advance payments
  6. Reports
  7. 1.Profit & Loss Report

How to Create Invoices in ODOO 10 and 11 versions

Add the company/Organization and the type of service/the product before creating the Invoices.

Follow the below steps:

  1. Go to Accounting menu.
  2. Then move on to Customer Invoices.
  3. Now Create new invoice.

Find the below images for the steps:

Odoo finance Creating Invoices, Make Payments, Get Report
Once the Invoice created the status of the created Invoice remains Draft initially. And then the transition of status would be from Draft -> Open -> Paid.

Once you opened the Invoice you need to pay the invoice amount.

How to Make Payments in Odoo ERP 10 and 11 Version

You can make payments in odoo in three different methods like below:

  • Making Partial payments
  • Making Full Payments
  • Making Advance payments

 

Make Partial Payments in odoo

 

Payments can be registered in the below ways for Partial Payments:

  1. Keep open Partial Payment
  2. Mark Invoice as Fully Paid

 

Keep open Partial Payment

If the user has paid partially then the payments can be entered by the following steps:

How to Make Payments in Odoo ERP 10 and 11 Version

  1. Select the specific Invoice.
  2. Now click on Register payment.
  3. Enter the partially paid amount
  4. Now select Keep open.
  5. And Validate.

That is it.

Mark Invoice as Fully Paid

 

Suppose if the customer has paid fully but the company might have spent for bank charges, etc., then in that case the amount spent can be allocated to some other accounts by entering the customer payment entry as partial. To do so, follow the below instructions:

  1. Click on the specific Invoice
  2. Select Register payment.
  3. Enter the partial Payment Amount.
  4. Now Mark invoice as fully.
  5. Select the Post Difference In.
  6. Click Validate.

Then the status of the invoice would change to Paid.

Also you can check here Full payments and Advanced Payments in Odoo 10 and 11 ERP.

For more you can refer official odoo.com Website.

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