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How to PO and SO but pay later ?

By
Alaa Alnajjar
on 6/5/16, 8:52 AM 204 views

Company A is a partner with B , they trade with each other, they don't pay each other for POs or SOs unless they arranged for any payment

If A make a Purchase order from B, is there a way to not pay for it now and pay later? I thought about creating PO but without an invoice,would this work? Would odoo knows that I owe that vendor some money? I think there should be an account that have the total balance of what I owe for that vendor?

and if A make a Sale Order with that vendor, how to tell the system to deduct total amount of SO from the amount I owe for that vendor from the last POs ? do I have to create an invoice without payment or would odoo knows that automatically?



0
Thomas
On 6/5/16, 5:11 PM

As a generally accepted rule for invoicing and accounting - at an international level

The compensations between 2 or more business companies -whether they belong to the same owner or not

ARE NOT ALLOWED.

Now you can bybass this rule, taking the risk to be fined by your local authorities.


From a business point of view, this is not recommended at all, because compensations of debts is a loss of information.


Now with Odoo: if you do not create invoices (based on PO) the system will never know the amounts of the transactions.

As for the due date, you can setup payments terms to a long duration, say 3 or 6 months, and still make your intercompany payments when you decide to do so.

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Asked: 6/5/16, 8:52 AM
Seen: 204 times
Last updated: 6/7/16, 3:52 AM