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ImplexUser documentation

Payment terms with a deposit

Quick summary: A deposit is a separate invoice, so the final invoice’s payment terms contain only instalments for the remaining balance.

Open payment terms in Odoo

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30–60–10 example

Section titled “30–60–10 example”

The customer pays a 30% deposit, 60% on the final invoice, and 10% after 30 days. The payment terms apply to the remaining 70%:

  • immediately: 60 ÷ 70 = 85.71%;
  • after 30 days: 10 ÷ 70 = 14.29%.

Configure and use the terms

Section titled “Configure and use the terms”
  1. Open Accounting > Configuration > Payment Terms and click New.
  2. Add instalments of 85.71% immediately and 14.29% after 30 days.
  3. Enter customer-friendly wording and translate both text fields.
  4. Select the terms on the quotation and confirm the sales order.
  5. Use Create Invoice to issue the 30% down-payment invoice. Set its payment terms to Immediate Payment.
  6. Later, create the Regular Invoice. Odoo splits the balance according to the configured instalments.