Editing customer invoicing

In previous versions of Odoo, the invoicing (formally named Accounting) page was quite intimidating to new users. Thankfully, in Odoo 11, the invoicing page is much simpler and allows you to specify terms and fiscal information.

Here are the available options in the customer invoicing page:

• Customer Payment Term: It is common in many businesses for different customers to have different payment terms. Perhaps, for a lifelong customer, you would extend 30- or even 60-day net terms for them to pay their invoice. For a new customer, you may require immediate payment. Additional terms can be configured in Odoo depending on your needs. The default payment terms included are:
  • Immediate Payment
  • 15 Days
  • 30 Net Days

 For our example, we will set the payment Customer Payment Terms to 15 Days.

• Vendor Payment Term: Much like the Customer Payment Term, this field will determine the payment terms for the supplier. Because a partner can be both a customer and supplier, we have separate terms for each.
• Fiscal Position: The Fiscal Position field is sometimes also known as the tax status, and is in some systems represented simply as taxable. Odoo 9 now provides a robust fiscal position framework that allows you to set up rules for your customers and vendors for almost any scenario. Fortunately, for simple installations you can avoid this field entirely.

Remember to click on the Save button to add your new customer record to the database.