In the real-time operations of the business, you will make numerous purchases from a vendor at various times while the firm is open for business. According to a formal agreement or an arrangement that both parties have reached, you won't be making payments for each individual vendor bill when it comes to the purchases you bought; rather, you'll be paying them all at once. Sometimes the agreement is based on the quantity of bills or invoices rather than their total cash amount.
In order to support the features of the Batch payments on vendor bills, the Odoo platform provides a special menu of operations where all Batch payments relevant to vendor bills are configured. Here, you can find definitions for the Reference number, Bank information, Batch Payment Date, Amount, and Status. To sort out all the declared Batch payments from the extensive list, utilise the Filtering and Group by options that are always available in any menu on the Odoo platform.
To make a new Batch payment on vendor invoices, select the make option, which will lead you to the Batch payments creation window as seen in the accompanying picture. Enter new values for the Bank Type, Bank, Payment Method, Date, and Reference in this situation, or select the relevant options from the drop-down box. Additionally, the Batch Content information where the Payments may be batched can be set by utilizing the available Add a Line option.
When you select to add the payment to the batch, a pop-up window with a list of all the payments that need to be made to the suppliers will display. You can choose from a variety of payments by utilising the provided Tick Box. The relevant payment will be described here, including the date of the invoice, the bill number, the journal information, the payment method, the customer information, the amount, the payment status, the SDD scheme information, and the currency specifications. Using the also available Filtering and Group by options, you may order the defined Payments.
Once the payments have been added to the correct batch, you may approve the transaction and select the Register Payment option to have the batch payments show on vendor invoices.
Now that we've covered how to manage batch payments on vendor bills, let's move on to the next part, which will cover the Products menu based on vendor description.