Streamline Your Payment Allocations with ZestyBeanz’s Partner Payment Allocation Module

#Simplifying payment allocation in Odoo

Introduction

Managing payments to suppliers and customers can be a time-consuming task, especially when dealing with multiple invoices and bills. The Partner Payment Allocation module by ZestyBeanz is designed to streamline this process, making it easier to allocate payments accurately and efficiently within Odoo.

Installation

1. Get the module from Odoo App store
   https://apps.odoo.com/apps/modules/17.0/zb_payment_allocation/
2. Extract the file from your system after the download finishes. You will be able to see a folder named- ‘zb_payment_allocation’.
3. Copy and paste this folder inside your Odoo Add-Ons path.
4. Now, open the Odoo App and click on the Settings menu. Here, click on Activate the Developer Mode.
5. Then, open the Apps menu and click on ‘Update Modules List’.
6. In the search bar, remove all the filters and search ‘zb_payment_allocation’.
7. You will be able to see the module in the search result. Click on ‘Install’ to install it.

Workflow

After installing the module, navigate to ‘Settings’ and then ‘Invoicing’. At the bottom, you will find a check box named “Credit/Debit Payment Allocation”. Set this to ‘TRUE’. The image below provides an example for reference.

The image below showcases the “Payment Allocation” within the “Matching” smart button in the Partner Form View.

Create a customer invoice or vendor bill for a customer. The below image provides an example reference.

Open the payment menu under Vendors and create a new one for the partner. When adding the date, the corresponding partner’s bills will be displayed in the payment information tab, as shown in the image below. You can choose either full reconciliation or enter an amount in the allocation field based on the requirements.

The ‘Matched Items’ smart button displays the account move line that was created. The ‘Bill’ smart button displays the account move. Reference images are provided below.

One bill is selected for full reconciliation, resulting in complete payment, while the other bill will be partially paid due to a partial amount being remitted.

Benefits of using the module

• Improved efficiency: Allocate payments faster and with fewer errors, saving time and resources.
• Enhanced accuracy: Reduce the risk of mistakes in payment allocation, ensuring accurate financial records.
• Better visibility: Gain clear insights into payment allocations, improving financial transparency and control.
• Streamlined workflow: Simplify payment management processes for both supplier and customer payments.

Conclusion

Purchase the Partner Payment Allocation module from the Odoo Apps Store to start streamlining your payment allocation processes and experience a more efficient and accurate way to manage your finances in Odoo.
https://apps.odoo.com/apps/modules/17.0/zb_payment_allocation/

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