Stock Internal Transfers Accounts

by
Odoo

55.00

v 15.0 Third Party 6
Live Preview
Required Apps Invoicing (account)
Inventory (stock)
Lines of code 189
Technical Name intertransfer
LicenseOPL-1
Websitehttps://www.erpzero.com
Also available in version v 16.0 v 14.0 v 13.0
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Required Apps Invoicing (account)
Inventory (stock)
Lines of code 189
Technical Name intertransfer
LicenseOPL-1
Websitehttps://www.erpzero.com
Also available in version v 16.0 v 14.0 v 13.0

Stock Accounting enhancement

Accounting between different stock locations

Key Highlights

  • Multi Company Supported
  • Tested On community and Enterprise
  • Create Stock Account for Stock Internal Transfers from Different Stock Locations
  • Ability to define Stock Valuation Account for each Stock Location or use Standard
  • Stock Valuation Account Used Also In Purchase Receipts And Sales Deliveries
  • Ability to define Stock Journal for each Stock Location or use Standard
  • Journal Entry for each location
  • Support Storable products with Average Cost only
  • Activate full accounting Features

  • Install any chart of account and activate setting as the following figure

  • Inter-Locations Clearing Account:

Intermediary account used when moving stock from a storage Location to another different storage Location

If you check Box “Activate accounts when transfer between different storage locations”

that means you activated our model in this company to allow the system create journal entry

when you make any internal transfer from stock location to another different stock location

for Storable Products whose cost method follows the “Average Cost (AVCO)” policy

and inventory valuation “Automated” as shown in the following figure

 

 Define “Inter-Locations Clearing Account” as the following figure


 

Ability to define different Stock Account Valuation for each storage location if you want

 that but if not defined that mean you will use the odoo standard Account Valuation defined

in product category as “location-1” in the following figures also you can define different

Stock Journal for each storage location if you want that but if not defined that means

you will use the odoo standard Stock journal defined in product category as “location-2” in the following figures

OR


 

Case Study:

Internal Transfer for storable product from storage location to another different storage

 location as per the previous settings for storable product and settings for storage

stock location “1” and storage stock location 2 with custom stock journal , 

custom stock account valuation used for location “1 “but  standard stock journal

 and standard stock account valuation used for location” 2”

The following figure explain that the system create 2 journal entry for 2 locations for each storable product(s)

 defined in internal transfer without any journal entry for consumable product(s)

Also the system create journal entry for location”1” using the stock journal defined  to location “1”


 

The following figures explain that the system create  journal entry for location “1” with custom

stock journal and custom stock account valuation where we transfer stock from it so

stock account valuation must credit amount

 

The following figures explain that the system create  journal entry for location “2”

with standard stock journal and standard stock account valuation where we transfer stock to it

so stock account valuation must debit amount

 

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