How payment terms are configured in Odoo 18
- 1. How payment terms are configured in Odoo 18 Enterprise
- 2. Enterprise Payment terms in Odoo 18 help define the conditions for when invoices are due. This feature can split payments into multiple parts and automate due dates based on specific rules. Introduction
- 3. Enterprise 1. Navigate to the Sales Module and access Configuration > Settings. 2. Enable Online Payment, Online Signature, and ensure the Automatic Invoice option is activated. 3. Create a quotation, send it via email, and proceed with the payment (full or partial). 4. After payment, the quotation status updates to Sale Order; create an invoice to confirm and track the invoiced amount. Steps
- 4. Enterprise Navigate to the Sales Module
- 5. Enterprise Access Configuration and Select Settings
- 6. Enterprise Configure Settings for Quotations and Orders
- 7. Enterprise In the settings, under the Quotations and Orders section: ● Enable Online Payment and Online Signature options. ● Ensure that the Online Payment percentage is specified. For example, set it to 30% in this case. Explanation
- 9. Enterprise ● Next, ensure that the Automatic Invoice option is enabled in the settings. This allows invoices to be generated automatically upon order confirmation. ● After making the specified changes, ensure that you click the Save button to apply and retain the updated settings. Explanation
- 11. Enterprise Navigate to Sales and Create a Quotation
- 12. Enterprise
- 13. Enterprise Send the Quotation by Email
- 14. Enterprise ● After creating the new quotation, click the Send by Email button and send the email to the customer. ● After sending the quotation via email, complete the payment process as specified. Explanation
- 15. Enterprise Proceed with the Payment
- 16. Enterprise Proceed with the Payment
- 17. Enterprise ● Validate the order, and you will see the full amount displayed as 1,437. ● Alternatively, a down payment option is available, allowing you to pay 431 as a partial payment. ● Select the preferred payment method and click Pay to complete the process. Validate the Order and Process Payment
- 19. Enterprise ● After the payment is completed, the system will redirect to a confirmation tab displaying the message: "Your payment has been successfully processed." ● After completing the payment, navigate back to the same quotation. You will notice that its status has been updated to Sale Order. Validate the Order and Process Payment
- 22. Enterprise After the quotation changes to a Sale Order, proceed to create an invoice. You will see that the order is already invoiced, and the Amount to Invoice field reflects the remaining balance or zero if fully paid. This ensures that the payment and invoicing process is correctly tracked in the system. Explanation
- 23. Enterprise Configuring payment terms and processing orders in Odoo 18 ensures a streamlined workflow from quotation to payment and invoicing. By enabling key features like online payments, automatic invoicing, and setting clear payment rules, businesses can efficiently manage customer transactions. This process simplifies tracking, improves accuracy, and enhances the overall customer experience. Conclusion
- 24. For More Info. Check our company website for related blogs and Odoo book. Check our YouTube channel for functional and technical videos in Odoo. Enterprise www.cybrosys.com