How to Setup Renewal of Subscription in Odoo 18
- 1. How to Setup Renewal of Subscription in Odoo 18 Enterprise
- 2. Enterprise A subscription is a recurring plan where you set a subscription period, such as weekly, monthly, or yearly. Based on this period, the subscription renews automatically. In Odoo 18, you have the flexibility to manage renewals either manually or automatically. Introduction
- 3. Enterprise For the renewal process to work, you need a confirmed initial quotation. Go to Subscriptions > Quotations, and select a quotation.
- 4. Enterprise If the initial payment has not been made, create an invoice, confirm it, and process the payment by clicking 'Pay.' The state will then change to ‘IN PAYMENT’.
- 5. Enterprise After the initial payment, the quotation status changes to a sale order. You will see an 'In Progress' tag and also a 'Renew' button.
- 6. Enterprise To create a renewal quotation, click the 'Renew' button. A 'Renewal Quotation' tag will appear in the newly created quotation. Click 'Confirm' to finalize it.
- 7. Enterprise Check the chatter as well—it will indicate that this subscription is a renewal of the original subscription.
- 8. Enterprise After confirming, you will see several smart buttons, including 'Sales History' and 'MRR' (Monthly Recurring Revenue).
- 9. Enterprise 'Sales History' displays all sale orders linked to the subscription along with their statuses.
- 10. Enterprise MRR provides an analysis of the Monthly Recurring Revenue for this subscription.
- 11. 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