Internal transfers¶
Internal money transfers can be handled in Odoo. At least two bank or cash accounts are needed to make internal transfers.
See also
How to add an additional bank account
Configuration¶
An internal transfer account is automatically created on your database based on your company’s localization and depending on your country’s legislation. To modify the default Internal Transfer account, go to and scroll down to the Default Accounts section.
Register an internal transfer from one bank to another¶
When money is transferred from one bank or cash account to another, that amount appears as two transactions on the corresponding journals, whether the transactions are created manually, via import, or via bank synchronization. When reconciling the transaction, select the Internal Transfers reconciliation model button. This reconciliation model button writes the transaction off to the Internal Transfer account.
Tip
Remember to reconcile the transaction for both the outgoing transaction on the journal that sends the payment and the incoming transaction on the journal that receives the payment.
Example
Take, for example, a transfer of $1000 from Bank A to Bank B:
Bank journal (Bank A)
Account
Debit
Credit
Bank A account
$1,000
Internal transfer account
$1,000
Bank journal (Bank B)
Account
Debit
Credit
Bank B account
$1,000
Internal transfer account
$1,000