Get paid through a bank or cash and reconciliation
Getting a payment and keeping track of which invoice the payment is received against, is complex stuff to manage. A customer may make a partial payment pay partial invoice, or pay an invoice in advance. The payment can be received through the bank or as cash. There are many combinations of the payment processing system. Odoo is capable of managing all such business cases out of the box using the Bank or Cash statement.
Let's see how easy it is to manage the statement; for the bank or cash. Create a statement, encode the entries, match the statement with the bank or cash balance, reconcile the entries with the outstanding, and close the statement at the end.
Getting ready
Bank or Cash are managed in Odoo by statements, for the bank transactions, the bank will be provided by a statement that has to be matched with the statement prepared in Odoo. In the statement, you have an opening balance list of transactions (debit or credit), and at the end...
