Video:

Setup

1. Create a ‘deferred revenue’ account as a liability type.

2. Set the ‘deferred revenue’ account in the ‘product category’ ‘down payment’ section.

Workflow

1. Create a sales order for a random product $25 per unit for 10 units.

2. Create ‘down payment’ invoice for 10%

3. Down payment invoice impact the ‘deferred revenue’ account for $25 (10% of the sales order)

4. When the user creates a normal invoice for $250, Odoo deducts the down payment.

5. Odoo will debit (offset) the deferred revenue from the down payment and book the total sales order amount $250 to the ‘product sales’ or ‘revenue’ account.