Accounting · Odoo glossary
Payment Processing
Payment processing manages incoming and outgoing payments, their methods, authorization and matching to obligations.
Definition
In general ERP practice
Payment processing manages incoming and outgoing payments, their methods, authorization and matching to obligations. A recorded payment instruction is not necessarily confirmed bank settlement.
In Odoo
Odoo supports linked and standalone payments, configured journal payment methods and supported batch files. Reconciliation connects bank transactions and accounting records; availability of a banking method depends on the installed localization and configuration.
Official Odoo documentation
The Odoo-specific explanation above is based on the documentation for Odoo 19. Features and workflows can differ in other versions.
Related glossary terms
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