A Module For Interest for Overdue Invoice Calculation while Creating Invoice.
Interest for Overdue Invoice
Key Highlights
Easy to Calculate Interest for Overdue Invoices
This module will manage journal items while you calculate Interest in overdue invoice.
Interest Can be Calculated for Different Period.
Also, Interest can be calculated for different period ratios (daily, weekly and monthly).
Compatibility
Designed to work with both Odoo Community and Enterprise editions.
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Configuration
Enable the checkbox in payment term configuration to get the Interest calculation in Overdue invoices for the selected payment term. And set the values required for interest calculation, and the account for interest jornal entries can be changed from here. This is the details example for immediate payment term with daily period based interest.
Set Payment Terms
After the payment configuration we can use that payment term in invoice creation. Also set the invoice details ,use the update interest button to calculate.
Interest Amount In Line
Here you can get updated value of interest and amount.
Invoices
The interest details are included in new invoices.
Automatic Interest Update
You can also enable this automatic script for automatic interest update.
Warning on Updating Invoice Twice
Warning on updating invoice twice or more in a selected interest period.
Easy to Calculate Interest for Overdue Invoices
Available in Odoo 17.0 Community, Enterprise and Odoo.sh
Simple and less time-consuming.
The module automatically calculates interest on overdue invoices during invoice creation, helping businesses manage late payments and improve cash flow.
Yes, you can set and customize the interest rate based on your business policies, allowing for different rates for various customers or invoice types.
Yes, the module can include the calculated interest in the invoice total, providing a clear breakdown of the amount owed by the customer, including any late fees.
Latest Release 18.0.1.0.0
30th September, 2024- Initial Commit
