diff --git a/accounting/overview/process_overview/customer_invoice.rst b/accounting/overview/process_overview/customer_invoice.rst index 1b0a0662d..2e584e6fb 100644 --- a/accounting/overview/process_overview/customer_invoice.rst +++ b/accounting/overview/process_overview/customer_invoice.rst @@ -3,9 +3,9 @@ From Invoice to Payment Collection ================================== Odoo supports multiple invoicing and payment workflows, so you can -choose and use the ones that match your business needs. Whether you want +choose the ones that match your business needs. Whether you want to accept a single payment for a single invoice, or process a payment -spanning multiple invoices and taking discounts for early payments, you +spanning multiple invoices or take a discount for early payments, you can do so efficiently and accurately. From Draft Invoice to Profit and Loss @@ -22,16 +22,16 @@ Invoicing in most countries occurs when a contractual obligation is met. If you ship a box to a customer, you have met the terms of the contract and can bill them. If your supplier sends you a shipment, they have met the terms of that contract and can bill you. Therefore, the terms of the -contract is fulfilled when the box moves to or from the truck. At this +contract are fulfilled when the box moves to or from the truck. At this point, Odoo supports the creation of what is called a Draft Invoice by -Warehouse staff. +the warehouse staff. -Invoice creation +Invoice Creation ================ Draft invoices can be manually generated from other documents such as Sales Orders, Purchase Orders,etc. Although you can create a draft -invoice directly if you would like. +invoice directly if you want to. An invoice must be provided to the customer with the necessary information in order for them to pay for the goods and services ordered @@ -42,9 +42,8 @@ Draft invoices ============== The system generates invoice which are initially set to the Draft state. -While these invoices - -remain unvalidated, they have no accounting impact within the system. +While these invoices remain unvalidated, they have no accounting +impact within the system. There is nothing to stop users from creating their own draft invoices. Let's create a customer invoice with following information: @@ -65,7 +64,7 @@ The document is composed of three parts: - the top of the invoice, with customer information, - the main body of the invoice, with detailed invoice lines, -- the bottom of the page, with detail about the taxes, and the totals. +- the bottom of the page, with details about the taxes, and the totals. Open or Pro-forma invoices ========================== @@ -101,7 +100,7 @@ customer via the 'Send by email' functionality. :align: center A typical journal entry generated from a validated invoice will look -like as follows: +like this: +-----------------------+---------------+----------------+-------------+--------------+ | **Account** | **Partner** | **Due date** | **Debit** | **Credit** | @@ -121,8 +120,7 @@ accounting entry has been reconciled with the payment entries. If there has not been a reconciliation, the invoice will remain in the Open state until you have entered the payment. -A typical journal entry generated from a payment will look like as -follows: +A typical journal entry generated from a payment will look like this: +-----------------------+---------------+----------------+-------------+--------------+ | **Account** | **Partner** | **Due date** | **Debit** | **Credit** | @@ -137,7 +135,7 @@ Receive a partial payment through the bank statement You can manually enter your bank statements in Odoo, or you can import them in from a csv file or from several other predefined formats -according to your accounting localisation. +according to your accounting localization. Create a bank statement from the accounting dashboard with the related journal and enter an amount of $100 . @@ -165,7 +163,7 @@ reconcile them to pay this invoice. " .. image:: ./media/invoice09.png :align: center -Apply the payment. Below, you can see that the payment has been added to +Apply the payment. Now you can see that the payment has been added to the invoice. .. image:: ./media/invoice10.png @@ -186,7 +184,7 @@ invoice has passed a certain number of days. If there are other overdue invoices for the same customer, the actions of the most overdue invoice will be executed. -By going to the customer record and diving into the "Overdue Payments" +By going to the customer record and going to "Overdue Payments" you will see the follow-up message and all overdue invoices. .. image:: ./media/invoice11.png @@ -212,7 +210,7 @@ Profit and loss =============== The Profit and Loss statement displays your revenue and expense details. -Ultimately, this gives you a clear image of your Net Profit and Loss. It +This gives you a clear image of your Net Profit and Loss. It is sometimes referred to as the "Income Statement" or "Statement of Revenues and Expenses." @@ -232,5 +230,5 @@ assets and equity at a specific moment in time. :align: center For example, if you manage your inventory using the perpetual accounting -method, you should expect a decrease in account "Current Assets" once -the material has been shipped to the customer. +method, you should expect a decrease in the account "Current Assets" once +the product has been shipped to the customer.