Invoices in Compiere ERP
Create invoices using Compiere ERP according to general business rules or based on rules in place with your customer. Generate invoices:
- At once the shipment done
- At once the entire order shipment process completed
- By using customer specific predefined invoice schedule
Ex: An invoice schedule can be established to create summary invoice along with all shipments to the customer yesterday, last week, or last month.
Receipts in Compiere ERP
While creating a Sales Order or Invoice in Compiere ERP, the payment rules allow flexibility in the receipts auto generation:
- Cashbook entry is automatically generated for cash transactions.
- Payment entry is created against the respective bank account for credit card, cheque, and direct debit transactions.
As of now, Compiere ERP supports merchant payment processors via VeriSign and PayFloPro.
Open Items are settled by:
- Entering Payments – Ex: Receiving a check or creating a direct debit
- Creating a Cash Book entry – Ex; Open invoice paid by petty cash later
- Processing of reconciling Bank Statements – Ex: Bank transfers
Compiere ERP make use of the “Automatic Clearing House” benefits of a specified bank to directly debit from the business partner’s bank account. After debit, the invoice is marked as paid and the transaction is stored in the Compiere ERP system stated as “unreconciled payment”.
Make use of Invoice & Receipts option in Compiere ERP
