Deferred management in Odoo 17 - Odoo 17 Slides

The management of deferred entries is now distinct from assets. Create deferred revenues and expenses without setting up deferred models in advance. Now we can take a look in how the how the Deferred entries are managed in odoo 17.

1. Deferred management in Odoo 17 Enterprise

2. Introduction Enterpr ise The management of deferred entries is now distinct from assets. Create deferred revenues and expenses without setting up deferred models in advance. Now we can take a look in how the how the Deferred entries are managed in odoo 17.

3. Enterprise Go to the Accounting Module, Click on Configuration and then settings. There we have option to configure the Default accounts.

4. Enterprise In the Post Deferred entries under Default accounts in settings, we can add Deferred Expense and Revenue accounts and journal.

5. Enterprise From here we can choose when we need to generate entry in the case of Expense and Revenue .

6. Enterprise Odoo allows two options to generate entries. 1. On Invoice/Bill validation : The Deferred entry will generates when we validate the Invoice/Bill. 2. Manually & Grouped : The Deferred entry will generate manually after creating invoice from the deferred revenue or deferred expense menu.

7. Enterprise From here we choose the Amount computation method. In odoo, there have tw o amount compute methods. 1. Based on days : The generated deferred entries will depend on the number of days in between start date and end date. 2. Equal per month : The Invoice/Bill amount will be divided based on the number of months in between start and end date.

8. Enterprise 1. Deferred Entries on Invoice/Bill Validation Now we can take a look into how to create deferred entries when we validate invoice. Go to accounting module and create a Customer Invoice.

9. Enterprise We can add start date and end date to the invoice line by choosing the corresponding check boxes and we can choose the start and end dates from the invoice lines.

10. Enterprise It will create deferred entries once we confirm the Invoice/Bill if we choose ‘Generate Entries’ configuration as ‘On Invoice/Bill validation’ .

11. Enterprise It generates deferred entries after confirming the Invoice/Bill. The generated entries can be accessed through the ‘Deferred Entries’ button.

12. Enterprise When we click on Deferred entries it will shows all the deferred entries based on the selected Amount computation method. The Deferred revenue account to create deferred revenue entries.

13. Enterprise We can create non deferred invoices without select start date and end date for product in the invoice line. In this case it will not generate entries for that product.

14. Enterprise In the same method of Customer invoice, we can also generate the Deferred entries for vendor bill by selecting the start and end dates. It generates deferred entries when we confirm the bill.

15. Enterprise We can get the generated deferred expense entries by clicking the ‘Deferred Entries’ button. The Generated Deferred entries will post in the ‘Deferred Expense’ account that we configured in settings.

16. Enterprise 2. Manually & Grouped Entries. In this method, first we need to create Invoice or bill then we can manually create the deferred expense and deferred revenue entries from the expense menu under the invoice reporting section. Odoo allows you to generate a batch or a group of deferred entries at once.

17. Enterprise Go to Accounting module, In the settings menu under the configuration have option to choose the Generate entries option.

18. Enterprise In this , Odoo does not create Deferred entries automatically when we confirm the Invoice or bill. Instead of that we need to manually create the Deferred entries.

19. Enterprise In the Accounting module, Under the Reporting menu we have separate options for Deferred Expense and Deferred Revenue.

20. Enterprise From here, Generate Entry Button on the top bar and the Filters to filter out the accounts and amounts with detailed representations of the Deferred entries in a specified Time period.

21. Enterprise The Generated draft entries will be posted on the scheduled dates by the auto post accounting scheduler automatically.

22. For More Info. Check our company website for related blogs and Odoo book. Check our YouTube channel for functional and technical videos in Odoo. Enterprise www.cybrosys.com