Sales Advance Payments
by MAC5
| Technical name | account_payment_advance_sale_mac5 |
| License | OPL-1 |
| Website | https://apps.odoo.com/apps/modules/browse?author=MAC5 |
| Included Dependencies | Advance Payments |
Sales Advance Payments
The True Advance Payments / Deposits / Prepayments in Sales Order
Features:
- New button in quotation / sales order to register advance payments
- View registered advance payments in sales order
- Multiple advance payments can be applied to sales orders
- Advance payments will automatically applied to customer invoices
- Includes all the features in the Advance Payments module
Configurations
Create new Accounts for Advance Payments
Create new accounts to be used for customer and vendor advance payments in Accounting > Configuration > Accounting > Chart of Accounts. Make sure that the created account is used for advance payment and reconcilable.
On my example, I created Unearned Revenue which is a liability to be used for customer advance payments.
Create new Journal for Advance Payments
Create new journal to be used for customer and vendor advance payments in Accounting > Configuration > Accounting > Journals. This new journal will be used when advance payment is applied on invoices.
Set Default Configuration for Advance Payments
Set default configuration for the advance payments in Accounting > Configuration > Settings and set the advance payment account and journal that will likely be used often.
Procedures
Create Advance Payments in Sales Order
First, create or select a quotation / sales order to register advance payments. Then click the Create Advance Payment button. Note that this button will not be shown if the sales order is fully paid or the sales order has invoices already.
Update the details of advance payment, especially the payment method, amount and date. If done, confirm the advance payment. Go back to the sales order
Advance payments added in the sales order will now be shown in the form view. Click on that to view the advance payments or continue to invoice the sales order.
Update the details of the created customer invoice if needed. Note that the invoice date and the advance payment date will determine the application date of advance payment to invoice. If all done, confirm the invoice.
After confirmation, the advance payments from sales order will be applied to the customer invoice. You can check the details in the total or the Advance Payments tab.
The Advance Payments tab will show the advance payments applied for the current invoice.
You can also check the reconciliation details of invoice, advance payment and the application of advance payment to invoice.
Compatibility
This module is compatible with Odoo 17.0 Community and Enterprise Editions
Support
Email: [email protected]
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