ERP Odoo with solutions on your due payments!
How does it feel when your business cycle stops ,you cannot pay your suppliers , your monthly employee wages and other vast factors affecting your business are held back . Just because your customer paid you late.
DELAY !DELAY! DELAY ! No body loves DELAY !Specially on money????
Isn’t too aggressive and waste of time to first involve with the specific customer who paid you late and then spent your time and money with his excuses.Here is what you can do to move out of such problems.
You can purpose a plan before invoicing on goods (as regularly payment terms are generally up to 30 days)get him on a contract ,If he is late in his payment he will be charged extra penalty on fixed percentage or amount of his invoice and invoice must include a invoiced date and a due date ,along with a remainder as a mail before his due date.
OUR MODULE
In person getting this solution will be so expensive and hard .So why dont try an ERP system ! Just sit around any part of the world and follow up your income and payment .One of my best ERP system is Odoo an open source programme so easily configurable and very volatile features.
So in #Odoo consisting this kinda module“jt_penalty_on _due _invoices” by Jupical will help you managing all these things.Various of its feautures are :
- You can either select penalty or interests on your due invoices.
- It will automatically charge penalty on due invoices.
- Penalty can be charged either in percentage or on fixed amount.
- Interests can be charged monthly if the customer hasn’t paid for the previous month,the interests will increment based on the terms
Once you buy this module from our app store :
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Following are the steps how this module works:
- Once you install the app from the data base follow forward to choose a penalty or interests from settings tab and enable penalty or interests on due invoice from here
- Choose penalty or interests charge on due invoices
- Auto added a new product of penalty and interest charge with a service type
- Added cron job to trigger auto charged on due invoice, you can change interval time of cron according to you needs.
Go through Settings >> Technical >> Automation >> Scheduled Actions >> Due invoice charges
- Can apply charges in two ways.
- Penalty
- Interest
Penalty can be charged in two ways, Interest is applicable with percentage(%) only
- Fixed amount
- In percentage
Configure days to make penalty after Due dates.
- Allow # of days after due
Note :-If you choose Interest option than it will allow you to add interest percentage Annually.
- New Invoice created for the interest of due invoice.
- Invoice for the interest of next month due invoice will added.
- Choose Penalty and Percentage.
- New Invoice created for the penalty of due invoice.
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