Odoo 15 - Accounting - Register Payment without using an Outstanding Receipts/Payments Account

This video explains how you can register a cash (or bank) payment against an Invoice in Odoo without using an Outstanding Receipts/Payments Account. It also explains how to resolve the "You can't create a new payment without an outstanding payments/receipts account set either on the company or the Manual payment method...." user error that is displayed when you do not use an Outstanding Receipts/Payments Account.

[@dorisnwanne1139]

This is unbelievably helpful. Thanks a million

[@allthingsodoo]

Thanks Doris. Glad it helped.

[@fenrilra]

Thanks! I didn't knew you could do this! thanks!

[@allthingsodoo]

Thanks. Glad it helped!

[@abdinurahmed6253]

This is helpful and solved by problem thanks a lot Mr. Paresh

[@allthingsodoo]

Thanks Abdi. Glad it helped.

[@shanianoorlathifah9863]

Really helpful, thank you so much Mr Paresh

[@allthingsodoo]

Thanks Shania. Glad it was helpful!

[@mhssoliman]

Very useful.. Thanks for your professional video

[@allthingsodoo]

Thanks Mohamed

[@MohamedAhmed-wz9ws]

that really helped. thank you soooooooooo much

[@allthingsodoo]

Thanks Mohamed. Glad it was helpful.

[@backlogs15]

Thank you!

[@allthingsodoo]

You're welcome!

[@MuhammadIbrahim-kh4io]

Thanks for the informative and useful video. We tried using this and it worked. BUT there is an issue when we do an internal transfer between two such cash account - say we do an internal transfer and send usd 10 from cash journal to petty cash journal and both journals are configured not to use the default outstanding accounts as in your video.
When odoo auto creates another internal trf payment (receive usd 10 in petty cash journal) it posts into the wrong account!! It posts the receive entry and debits the cash account instead of the petty cash account!!!
What is the work around for this?
We use v15. Thanks in advance.

[@LanilMarasinghe]

Thanks 🙏👍

[@allthingsodoo]

Thank you too

[@remcohuijdts535]

This does not seem to be possible with the community Edition, is there another way?

[@sAwAr]

nice Trick explain for us as Odoo User
#SawarKaPakistan

[@allthingsodoo]

Thanks!

[@mohammedsjr786]

Hi Sir , please upload more videos for odoo beginners .

[@allthingsodoo]

Thanks Mohammed. Glad you enjoyed the video. Will do so as time/workload permits.

[@Q-M]

Hello sir, is the accounting app free or paid for? Also can I really register a bank account as payment method without using the accounting app? Thanks🙏

[@allthingsodoo]

The Accounting module is part of the Enterprise edition. It is not available in the Community Edition. There are 3rd party apps in the Odoo app store that provide accounting related functionality for the Community Edition. The automated synchronization with a Bank account is only available in the Enterprise Edition.

[@pabitrapangeni]

It was awesome. I want to know what will be the account type for Suspense account

[@allthingsodoo]

Hi Pabitra. Glad you liked the video. The default Bank Suspense A/c in Odoo is defined as a Current Asset.

[@pabitrapangeni]

@@allthingsodoo Thank you. But if we skip this part of o/s receipt and payment , i think we dnt need to reconcile the bank statement with invoices and bill as the invoices are labelled as "Paid". I was using Odoo 16 community version. I had bank reconcile feature but when i try to validate the entries in reconcile mode, it gave me error. I would be so much glad if you could suggest me some resources or link with simple explanation of bank reconciliation process in Odoo 16 community version. 🙂

[@allthingsodoo]

@@pabitrapangeni The Bank Reconciliation feature is now a part of the Enterprise Edition. There are some 3rd party apps available on the Odoo app store (apps.odoo.com) for the community edition. You may want to check them out to see if they meet your needs.

[@pabitrapangeni]

@@allthingsodoo Sure. I will check that.

[@abdinurahmed6253]

please can you share with how to Import Bank Statements using excel

[@allthingsodoo]

Hi Abdi. The Excel import works like a regular import. Odoo has a short video that talks about Bank Statements and the different ways to create them. Here's a link to the video with the marker set at 4:30 which is where the import is explained. czcams.com/video/uGLd9gFLfWg/video.html Hope this helps.

[@ahmedhassannet7407]

You can save your excel by using save as then change save as type which under file name then choose CSV UTF-8(COMMA DELIMITED) IT WORK WITH YOU

[@Norabdik]

THANKS YOU TEACHER
@USUFULY MOMENT

[@allthingsodoo]

You're most welcome.