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A Module For Interest for Overdue Invoice calculation while creating a invoice
This Odoo apps is helps to calculate daily,weekly or monthly Interest Penalty on Overdue Invoices based on payment term configuration.Payment term is something that accountant emphasis on most , delay payment can cost as late payment fee , so when payment get overdue , interest needs to be charges in order to get payment sooner, this odoo module does perfect job by helping you to calculate interest on overdue invoices. Calculation of interest will be done based on invoice due date and payment term.
Enable the checkbox in payment term configuration to get the Interest calculation in Overdue invoices for the selected payment term.
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.
After the payment configuration we can use that payment term in invoice creation.
After selecting the appropriate payment term and adding the invoice details ,use the update interest button to calculate interest
Here you can get updated value of interest and amount.
You can also enable this automatic script for automatic interest updation.
Warning on updating invoice twice or more in a selected interest period.
The interest details are included in new invoices
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