Chapter: 4 - Financial management aspects of vendors and customers with Odoo Accounting

Batch payment configuration

Your business will have numerous regular customers who are trustworthy and the ones you know in person building up the confidence to trust each other in business as well as personal aspects. These sorts of relationships can be well seen in small and medium scale businesses other than large scale and multinational organizations. One such aspect of trust can be seen in the payment where the customer will be paying for the invoices in advance as well as in total at the end of a term.

The Odoo platform supports the aspects of Batch payments that will help the business to post a payment in batches which will be beneficial for the business to be running smoothly. You can deal with the Batch payment configuration in the Odoo Accounting module under the Customers tab. On Selecting the menu options, you will be depicted with all the Batch payments that have been defined. Moreover, just like any menu in Odoo, there are definite Filtering as well as Group by available options.

To create a new Batch payment, you can select the Create option available which will depict you with the window as shown in the following screenshot. Here you can create new Batch payment configuration aspects, firstly you need to define the Batch Type, Bank details as well as the Payment Method, Date, and the reference of the respective Batch payment.

Batch payment configuration

Further to define the Batch Content there is a distinct menu where you can add the invoices for the batch payment by selecting the Add a line option. Upon selecting the Add a line option you will be depicted with a pop-up window as shown in the following screenshot where all the Payments which have to be done will be described. The Payment will be depicted based on what Batch Type for the Batch payment has been configured. If it's Inbound all the Payments which the customer should pay towards the company will be depicted. If it's Outbound all the payments which the company is liable for to be paid to the Vendor will be depicted. Furthermore, there are Filters as well as Group By options available in the Add: Payments menu helping to filter out the respective payments to be added to the Batch payment which is to be defined. There is also a Batch payment configuration menu concerning the Vendor operations in Odoo which will be explained in the latter part of this chapter.

Batch payment configuration

Once all the Payments are selected to be added to the Batch payment you can confirm the operation and the respective Payments will be added to the Batch. Further, when the Batch Payments have been confirmed, all the Payments in the Batch have been marked as Sent. The Batch payment operations will be an advantageous tool helping the business to bring a structure to the whole payment of invoices done by the customer at the end of a term or based on the customer finances. As we are clear on the aspect of Batch payment configuration let's now move on to the next section where the Follow-Up Reports of the Odoo Accounting operations will be defined.



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