Saturday, March 29, 2014

Account Payments in OpenERP

Hi all,

I would like to share different ways of payment in OpenERP. I have found four ways to do that as below:

1. Invoice --> Payment
2. Invoice --> Bank Statement --> Payment
3. Invoice --> Bank Statement --> Manual Reconciliation --> Payment
4. Invoice --> Bank Statement --> Automatic Reconciliation --> Payment

First of all, you need to install account_voucher module for this.

1. Its very simple way to manage payment. You can register a payment from Invoice itself.

Here are the steps:
  • Create an Invoice.
  • Validate it.
  • Make Payment by clicking on Register Payment and Invoice will be validated.

2. You can import an Invoice from Bank statement to make its payment.

Here are the steps:
  • Create an Invoice.
  • Validate it.
  • Create a Bank Statement.
  • Import that Invoice that you just validate it.
  • Note that You can import only those invoice which are in Open state. (Validated Invoice only)
  • Confirm that Bank Statement.
  • Invoice will be Paid once you confirm the bank statement.

3. You can make payment of Invoices by Manual Reconciliation wizard.

Here are the steps:
  • Create an Invoice.
  • Validate it.
  • Create a Bank Statement.
  • Create a Bank Statement Line manually with that Partner and Amount that you want to pay.
  • If that amount will be match with invoice, It will be Full payment otherwise Partial Payment.
  • Confirm that Bank Statement.
  • Open Manual Reconciliation wizard.
  • You will see two entries : One for Sales Journal and another for Bank Journal.
  • Select those entries and Reconcile it.
  • Amount of that invoice will be affect.
  • If it will be same amount in Bank statement as like in Invoice, Invoice will be in Paid State otherwise Remaining amount will be appear as in Balance field in Invoice.

4. You can make payment of Invoices by Automatic Reconciliation wizard too.

Here are the steps:
  • Create an Invoice.
  • Validate it.
  • Create a Bank Statement.
  • Create a Bank Statement Line manually with that Partner and Amount that you want to pay.
  • If that amount will be match with invoice, It will be Full payment otherwise Partial Payment.
  • Confirm that Bank Statement.
  • Open Automatic Reconciliation wizard.
  • Add accounts which you want to reconcile.
  • It will automatically select related Sales and Bank accounting entries and Reconcile it.
  • Amount of invoices will be affect.
  • If it will be same amount in Bank statement as like in Invoice, Invoice will be in Paid State otherwise Remaining amount will be appear as in Balance field in Invoice.