| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 345 |
| Technical Name |
finance_charge |
| License | OPL-1 |
| Website | https://sodexis.com/ |
| Versions | 17.0 14.0 13.0 15.0 16.0 |
Finance Charge
Description
This module is configured to generate a draft invoice with Finance Charge for the contact who has posted overdue invoices.
Configuration
- In Accounting settings, navigate to “Finance Charge Configuration”
- Set the Finance Charge Product (service item to use on the invoice line)
- Set the Monthly Finance Charge Percentage (The percent of the total of all selected overdue invoices)
- Set the Finance Charge Payment Terms (The default terms that will be used on the invoice)
- Set Finance Threshold (Minimum for a finance charge amount to meet before an invoice is created)
Functionality
Go to Contacts and select any contact.
Set the “Finance Charges” boolean on the contact (Sales & Purchase tab). This defines that a contact will be considered for finance charges.
Note: This boolean is selected by default for new contacts.
Finance Charges can be generated in multiple ways:
- From a contact
Click the action dropdown, “Create Finance Charges”.
- From an invoice
Click the action dropdown, “Create Finance Charges”.
- For all contacts at once
Accounting - - > Customers - - > “Create Finance Charges”
- For a specific list of contacts
In list view of contacts, select the checkbox for all the contacts you want, then use the action dropdown, “Create Finance Charges”
- For a specific list of invoices
In list view of invoices, select the checkbox for all the invoices you want, then use the action dropdown, “Create Finance Charges”
Once selecting “Create Finance Charges”, you are given a window to select a date.
“Due Date Prior To”, ex. 09/01 to run charges for August.
Any invoices with a due date prior to the date you select, will be considered for finance charges.
If finance charges are calculated, a new draft invoice will be created for each customer.
Case Scenarios:
- Due date is before the due date prior to and the invoice is not paid, then charge the finance charge.
For the below two scenarios, Go to Accounting - - > Customers - -> Create Finance Charges.
- Due date is 7/15 and payment is made 7/30 then no charge.
The above condition is applied for two customers as shown below:
- Due date is 7/15 and payment is made after 8/1, then apply the finance charge.
The above condition is applied for two customers as shown below:
Credits
Contributors
- Sodexis <apps@sodexis.com>
This module is maintained by Sodexis.
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.
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