Odoo
Cyllo

# Account Payment Mode

This module adds a new object account.payment.mode, that is used to better classify and route incoming/outgoing payment orders with the banks.

The introduction of the account.payment.mode module enhances the system's ability to classify and route incoming and outgoing payment orders with banks. By providing a structured approach to managing payment modes, it improves the precision of payment handling and streamlines the routing process. This facilitates more efficient communication and transaction execution with banking institutions, ultimately optimizing payment operations within the software. Overall, the module represents a significant advancement in the system's functionality, improving both efficiency and integration with external financial systems.

#### Key Features

- Payment Mode
- Payment Method

##### Payment Mode

Payment mode in Odoo enables precise categorization and streamlined routing of incoming and outgoing payment orders, enhancing efficiency and integration with banking systems.

##### Payment Method

A payment method refers to the designated manner in which financial transactions are executed and recorded within the system.

##### Payment Method

Go to > Invoicing > Configuration > Management > Payment Method

##### Payment Method

We can fill necessary details like this

##### Payment Mode

Go to > Invoicing > Configuration > Management > Payment Mode

##### Payment Mode

We can fill the details like, payment method, journals etc..

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