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Advance Payment Allocation / Reconciliation

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Required Apps Invoicing (account)
Discuss (mail)
Technical Name oi_payment_allocation
License OPL-1
Also available in version 17.0 14.0
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Technical Name oi_payment_allocation
License OPL-1
Also available in version v 17.0 v 14.0

Introduction

The Advance Payment Allocation module for Odoo enhances the accounting process by enabling businesses to efficiently allocate customer and vendor payments to their respective invoices. This functionality ensures accurate financial records and simplifies the reconciliation process, providing a clear overview of outstanding balances and payments made.

Key Features

  • Payment Allocation: Allocate customer and vendor payments to specific invoices, ensuring accurate financial records.

  • Automated Reconciliation: Automatically reconcile payments with corresponding invoices, reducing manual effort.

  • Multi-Currency Support: Handle payments in multiple currencies, facilitating international transactions.

  • Flexible Payment Methods: Support various payment methods, including bank transfers, checks, and cash.

  • Comprehensive Reporting: Generate detailed reports on payment allocations and outstanding balances.

Benefits

  • Improved Cash Flow Management: Efficiently track payments and outstanding invoices, enhancing cash flow visibility.

  • Enhanced Accuracy: Reduce errors in financial records by automating the payment allocation process.

  • Time Savings: Save time on manual reconciliation tasks, allowing focus on strategic financial planning.

  • Scalability: Adaptable to businesses of all sizes, supporting growth and expansion.

  • Compliance Assurance: Ensure adherence to accounting standards and regulations through accurate record-keeping.

Compatibility & Technical Details

  • Required Modules: Invoicing (account), Discuss (mail)

  • License: Odoo Proprietary License v1.0

  • Technical Name: oi_payment_allocation

  • Installation Steps: Available for download via Odoo Apps; installation requires administrator access within the Odoo platform.

Odoo Proprietary License v1.0
This software and associated files (the "Software") may only be used (executed,
modified, executed after modifications) if you have purchased a valid license
from the authors, typically via Odoo Apps, or if you have received a written
agreement from the authors of the Software (see the COPYRIGHT file).

You may develop Odoo modules that use the Software as a library (typically
by depending on it, importing it and using its resources), but without copying
any source code or material from the Software. You may distribute those
modules under the license of your choice, provided that this license is
compatible with the terms of the Odoo Proprietary License (For example:
LGPL, MIT, or proprietary licenses similar to this one).

It is forbidden to publish, distribute, sublicense, or sell copies of the Software
or modified copies of the Software.

The above copyright notice and this permission notice must be included in all
copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT.
IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM,
DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE,
ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER
DEALINGS IN THE SOFTWARE.