Purchase

Buying products for your own use or to sell later is done following these steps:

1.  Select or create the Vendor *

2.  Select or create the Product

3.  Register the Quantity and Cost per Product

Register all relevant information of the Purchase Transaction including Vendor logo or Product picture 


Odoo creates the Purchase Transaction that needs to be Validated (one click). Ideally, attach relevant documents to the sales transaction.


NB: Unpaid transactions can be reversed (Set to Draft) for correction, or can be deleted. This function is protected by user rights + all changes are logged for the audit trail. 

Sales

Sell your products to your customers following these steps:

1.  Select or create the Customer *

2.  Select the Product

3.  Register the Quantity per Product

Register all relevant information of the sales transaction, including customer logo or picture 


Odoo creates the sales transaction.

* For walk-in customers, the Point-of-Sale (PoS) module includes the payment in the sales transaction.


NB: Unpaid transactions can be reversed (Set to Draft) for correction, or can be deleted. This function is protected by user rights + all changes are logged for the audit trail.   

Payments

A payment transaction is always related to an originating transaction - a Purchase, a Sales, or an Internal Transaction such as a Salary Payment from Payroll .

The Payment process is as follows:

1.  Select the transaction to be paid

2.  Select the Payment Method (bank, cash or creditcard)

3.  Register the Payment Amount


Odoo creates the Payment Transaction linked to the original transaction. The original transaction now gets the status 'PAID'.  


NB: Reversing a Payment Transaction returns the original transaction to the status 'VALIDATED' after which it can be simply reversed ...