Description
Odoo Sales Order Advance Payments helps you manage customer prepayments easily. It keeps all advance payments in a separate account, making them easy to track and manage.
It works directly with invoices, so when an advance payment is made, it shows up as a credit. This module works well with the Sales and Accounting modules, making sure advance payments are shown correctly in customer orders and financial records
Why do we need Odoo Sales Order Advance Payments?
Imagine a catering business that requires a 50% advance payment to confirm bookings. For a $1,000 event, the customer pays $500 upfront. Odoo Sales Order Advance Payments module records this prepayment and links it to the sales order.
When the final invoice is created, the $500 advance is shown as a credit, leaving the customer with a $500 balance to pay. This ensures the business manages its finances smoothly, avoids confusion, and provides the customer with clear and accurate payment details.
Highlighted Features of Odoo Sales Order Advance Payments
Simple Advance Payment Handling
Quickly add advance payments to sales orders and apply them to invoices for smooth payment tracking.
Automatically Applied to Invoices
Advance payments are automatically deducted from the final bills, showing the remaining amount.
Flexible to Use
In Odoo sales order advance payments module, Customers can use advance payments for different orders.
Clear Payment Records
Keep advance payments separate with a dedicated account which makes it well-organized.
Check Payment Status
Track payments based on their status, whether "In Process" or "Paid," across multiple orders. View detailed information for each transaction to ensure smooth payment management.
- Track payments by their current status: In Process or Paid.
- View all payments made by a customer, including completed and pending transactions.
- Drill down into payment details such as invoice number, payment date, and amount paid.
- Easily apply payments to multiple orders for same customer.
Advance Payment Handling
Odoo Sales Order Advance Payments module ensures that advance payments are clearly shown on invoices, with automatic deductions and the remaining balance displayed.
- Show advance payments clearly on customer invoices.
- Automatically deduct advance payments from final invoice.
- Display the remaining balance on invoices to avoid confusion.
- Maintain accurate invoices and reduce billing mistakes.
Dedicated account for easy management.
Create a separate account for advance payments to make it easier to manage and keep your financial records clear and correct.
- Set up accounts and rules for managing advance payments.
- Create dedicated accounts for tracking advance payment.
- Keep all payment records organized and easily accessible.
- Automate payment tracking to reduce manual efforts and errors.
Support
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