1.6 How to create custom payment terms and terms and conditions

Creating payment terms

1. 1. Click on Accounting

   

2. 2. Click on Configuration

   

3. 3. Click on Payment Terms

   

4. 4. These are the default list of payment terms provided by Odoo

   

5. 5. Click on New

   

6. 6. Name of payment terms. For example, "40% Down Payment, 60% 30 days after Month end"

   

7. 7. Select a Company, if needed

   

8. 8. Click on Add a line

   

9. 9. Change first line to desired percent. For example, 40%

   

10. 10. Change second line to desired percent. For Example, 60%

    

11. 11. Select Days after end of month

    

12. 12. Example of the payment terms installment will be generated.

    

13. 13. Click on Save manually

    

Creating & editing Terms & Conditions for Invoices

1. 14. Click on Accounting

   

2. 15. Click on Configuration

   

3. 16. Click on Settings

   

4. 17. Check Default Terms & Conditions

   

5. 18. Type the Terms & conditions you want to include. For example, "Baked goods are best consumed after being reheated"

   

6. 19. If T&C is lengthy, you may select Add a link to a Web Page

   

7. 20. Click on Update Terms

   

8. 21. Standard T&C has been provided & its fully editable .Click on Update Terms & Conditions…

   

9. 22. Click on Save

   

Example of Invoice with payment terms & T&C

1. 23. Click on Invoices

   

2. 24. Click on New

   

3. 25. Click on John Doe

   

4. 26. Click on 40% Down Payment, 60% 30 days after Month end

   

5. 27. Click on Bagel

   

6. 28. Type "100"

   

7. 29. Click on Confirm

   

8. 30. Click on Preview

   

9. 31. Click on 1 - Installment of RM 55.00 due on 11/29/2024…

   

10. 32. Click on Baked goods are best consumed after being reheated