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Business Process

Bank process in Odoo​

Current bank process originally from Odoo.

Original Odoo Bank

From the display, Odoo could only process Bank from the bank statement. The journal only created from bank statement if only the selected invoice (to pay or receive payment) has no payment record and no journal record.

Here's the journal created on Account Receivable transaction from Customer Invoice to Payment and after Bank statement input/upload.

Journal Receivable

Here's the journal created on Account Payable transaction from Vendor Bill to Payment and after Bank statement input/upload.

Journal Payable

The payment could be done by:

  1. Register payment directly in Customer Invoice or create a payment document in Invoicing > Sales > Payments for Account Receivables.
  2. Register payment directly in Vendor Bill or create a payment document in Invoicing > Purchases > Payments for Account Payables.
  3. Newly added module Payment Order.

Usage of Clearing Account in Bank Statement Journal Posting​

The clearing account usage in bank statement journal posting, is one of the modification requested by user for easier bank reconciliation due to volumes of transactions daily. The modification will be done on Journal settings if the journal type is bank. Don't forget to set the CoA of clearing account to enable reconciliation.

Chart of Accounts allow reconciliation

Here's the journal view before the modification.

Journal type Bank before modification

The journal view after the modification.

Journal type Bank after modification

The journal function will be explained in details on Journal. The modification for bank statement journal posting with clearing account done by added 1 new field of "Statement Account". The clearing chart of accounts will be filled on fields "Default Debit Account" and "Default Credit Account". The bank chart of accounts will be filled on fields "Statement Account".

The requirement of journal entry on send money after modification in usage of clearing account.

Journal entry on send money

The requirement of journal entry on receive money after modification in usage of clearing account.

Journal entry on receive money

While the requirement of enable posting journal bank from bank chart of account to clearing chart of account, means the journal payment should be modified too.

The requirement of journal entry on vendor payment after modification in usage of clearing account.

Journal entry on vendor payment

The requirement of journal entry on customer payment after modification in usage of clearing account.

Journal entry on customer payment

Upload MT940 file in Bank Statement​

Guides on how to read MT940 file from bank. The guides below, confirmed applied to MT940 file from BCA.

Template on MT940