Direct Debit Mandates - Odoo 17 Enterprise Book

Direct Debit Mandates

The Mandates are a document that your customer signs authorizing you to take money directly out of their accounts on a regular basis. Using Odoo17's EURO SEPA Service, you can quickly accept consumer payments. With the integration of SEPA Direct Debit, you can obtain signed mandates from clients authorizing you to withdraw funds from their associated bank accounts. For procedures involving recurring payments, this capability is helpful.

The Accounting module's Settings panel, as illustrated below, allows users to activate the SEPA Direct Debit feature. Enter the Creditor Identifier for your business in the space provided after enabling this function.

Odoo 17 Accounting

From the Customers menu, you can now set up a new Direct Debit Mandate. You merely need to create a SEPA Direct Debit (SDD) XML file containing this action and send it to your bank to actually receive payment once an invoice has been created in Odoo17 for a customer with an active mandate on the invoice date.

Odoo 17 Accounting

The Customer section allows you to enter the customer id whose payments are to be handled by this mandate. You can add the customer's account to receive payments in the IBAN box. SEPA Direct Debit payments from this mandate will be sent to the Journal listed in the relevant form. You can specify the SDD Scheme, the special identifier for this mandate, the Start Date, the End Date, and the Company in the corresponding fields. You can validate this mandate by clicking the Validate button after filling out all required fields. Invoiced Paid utilizing this mandate and the money to be collected from this customer are both visible in the corresponding smart buttons in the window.



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