Nikhil Dhiman · 13 Jun 2023 · 546 views

POS Payment Installment Module In Odoo

The development and integration of the Payment Installment feature into Odoo's Point of Sale (POS) software at the house of Kanak Infosystems LLP. is the kickstart to a substantial leap forward in achieving streamlined operations and elevating customer satisfaction.

This one-of-a-kind module empowers businesses to transform the purchasing experience by offering multiple and flexible payment options, including installment plans and down payments, directly from their POS screen.

One of the module's distictive features is its ability to seamlessly amalgamate functionality and user-friendliness.

With just a few simple clicks, cashiers or sales associates can effortlessly add products to an order and pick from a range of installment plans which are tailored to meet the diverse needs of customers.

Additionally, the module allows the creation of custom plans, providing businesses like yours with the flexibility to cater to various budgetary requirements and expand their customer base.

And guess what! That’s not all!! The POS Payment Installment module also enables users to include or exclude down payments, giving customers the option to choose a payment structure that is appropriate and in-line with their financial capabilities.

This not just empowers customers to make purchases which may be a necessity but are a little out of their budget but also protects businesses by making sure that a part of the payment is received before fulfilling the order. Another important advantage of this module is its smooth integration with the POS screen.

Users can complete the entire purchasing and payment process, from selecting products to paying for the installment, without having the need to close the POS session or navigate between different systems. This compatible experience saves valuable time for both users and customers, which further results in a smooth and efficient transaction.

Transparency is another key factor of the POS Payment Installment odoo app. Cashiers would be able to easily access and review all installments associated with existing orders directly on their POS screen.

This overall view enables businesses to stay well-informed about the payment schedules, ensuring they are never caught off guard and allowing for effective financial management.

❝ To Conclude, the integration of the POS Payment Installment module into Odoo's Point of Sale software is a complete transformation for businesses looking to enhance customer satisfaction and streamline their operations.❞

With the on-point customization, smooth integration, transparency, and user-friendly interface, this module would empower businesses to offer flexible payment options and create a delightful purchasing experience.

By purchasing this all-in-one solution, businesses can position themselves at the frontline of modern commerce, unlock new opportunities for growth and success, and ultimately build strong and lasting relationships with their customers.

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👉Key features of POS Payment Installment module

1. User-friendly and efficient.

2. Maintains a comprehensive record of all installment orders.

3. Allows you to conveniently select installment plans and down payments directly from the POS, facilitating the rapid creation of installment orders.

4. The POS system provides clear visibility of all orders, including installment orders, and enables easy payment processing with a simple button click for each installment.

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👉How to go about the POS Payment Installment Module?

Payment Method Configuration

Go to the configuration settings and locate the "payment methods" section. Once you're there, proceed to create a new payment method with the option to enable the feature labeled as "Mark as payment installment."

Now, please access the POS settings and find the option to add a new payment method. Once you've located it, proceed to add the payment method you previously created, ensuring that it is included as one of the available payment options in the POS system.

Check Default Products Configuration

In the configuration settings under "Sales," please check the default installment and down payment products.These products should already be set by default, but please verify their configurations to ensure they are properly configured for your requirements.

Enable Installment On Sales

Please access the Sales Settings and enable the option for "Installment On Sales."

👉 POS Payment Installment

Create New Installment Order

To begin a new POS session, please initiate the process and add the desired products to the transaction. Once you have added all the products, proceed to the next step and click on the "Payment" button to proceed with the payment process.

Now select 'Payment Installments' Method.

Please click on the payment plan that you have previously created in order to select it for the current transaction.

You will see the default down payments associated with the selected payment plan displayed on the screen. To add a new down payment, click on the "Add Down Payment" button. This will allow you to create and specify a new down payment amount for the transaction.

Enter the new down payment line details

Once you have entered the details, click on the "Confirm" button to proceed and finalize the addition of the new down payment to the order.

Please select the customer for the transaction. After selecting the customer, press the "Validate" button to confirm and verify the customer's information for the transaction.

Pay for a Down Payment / Installment

Click on 'Quotation / Order' Button

Please click on the Updated Quotation to view the installment details associated with the order

Click ‘Pay’ next to the first down payment to pay for it.

After selecting the down payment or installment, it will be automatically added to your cart. Now, simply click on the "Payment" button to proceed with the payment process.

Please choose a payment method and proceed with validation.

If you navigate back to the quotation order, you will observe that the down payment or installment has been successfully paid and reflected in the order.

Backend Quotation and Invoice created

A quotation for the payment installment order is automatically generated through the POS system. Please open the quotation associated with the order we created to view its details and proceed with any necessary actions.

You can access the 'Installments' tab to review a comprehensive breakdown of all the down payments and installments associated with the order. In this tab, you can examine the details of each installment, including the amounts and scheduled dates.

If the initial installment, known as the 'Advance Payment,' has been successfully paid through the POS system, you will notice its payment status marked as complete within the 'Installments' tab.

Along with the quotation, an invoice is automatically created for the payment installment order. This invoice includes the details of the order, including the advance payments or installments. You have the flexibility to pay the advance payments or installments through both the invoice and the POS system. This allows you to choose the preferred method of payment for each installment, whether it is through the invoice or directly at the point of sale.

POS Payment Installments Module could be a great tool for any business. Wanna know how it works? Book a demo with us now and find out how easy installment methods could become!