Odoo 12 Recurring Payments
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INTRODUCTION ● Recurring journal entries are those entries which are recorded periodically. ● The journal entries are to be posted every time whenever these payments are made.This is quite time consuming. ● On the other hand, setting up a recurring payment gives you the option to automatically record every transaction.
â—? Recurring payments module makes the payment recording seamless via generating automatic journal entries based on set conditions. â—? Utilizing the recurring payment module, one can create multiple type of recurring methods(templates) to handle multiple payment types.
Let’s see how it works.. Goto Invoicing : Configuration -> Recurring Templates
Create template -> Change state into “Running� -> Save
Goto Customers -> Recurring Entries
Provide starting date -> Select Template -> Generate Entries
To view journal entries : Goto -> Accounting -> Journal Entries.
For more information, Watch the video: Odoo 12 Recurring Payments
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