| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Discuss (mail)
• Invoicing (account) |
| Lines of code | 172 |
| Technical Name |
eg_internal_transfer_payment_enterprise |
| License | OPL-1 |
| Website | http://www.inkerp.com |
| Versions | 16.0 17.0 |
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Discuss (mail)
• Invoicing (account) |
| Lines of code | 172 |
| Technical Name |
eg_internal_transfer_payment_enterprise |
| License | OPL-1 |
| Website | http://www.inkerp.com |
| Versions | 16.0 17.0 |
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Payment Internal Transfer
The Payment Internal Transfer feature in Odoo simplifies and automates fund transfers between internal journals, such as bank-to-bank or bank-to-cash movements. It ensures accurate accounting by automatically creating paired send and receive payments with corresponding journal entries. Each transfer is seamlessly reconciled, maintaining balanced and transparent records across journals. Designed for efficiency, it offers a streamlined user experience directly within Odooâs payment interface, helping businesses save time, reduce manual errors, and maintain precise internal fund tracking.
Features
Screenshots
Support
Service
Features
Automated Internal Transfers
Instantly create paired send and receive payments between journals. Ensure both source and destination entries are generated automatically. Eliminate manual processing for faster and more accurate fund movement.
Accurate Journal Entries
Automatically record balanced debit and credit lines for every transfer. Maintain clear accounting between bank and cash journals. Guarantee reliable financial data without manual reconciliation errors.
Seamless User Experience
Manage all internal transfers directly within Odooâs payment interface. simple intuitive workflow for quick fund management. Save time with built-in automation and clear journal tracking.
Screenshot
1.) Internal Transfer Payment Form
This view enables users to create and manage internal fund transfers between journals in Odoo. By selecting the Internal Transfer option, users can define both the Source and Destination Journals (e.g., Bank to Cash). The system automatically prepares paired transactions and journal entries to ensure accurate accounting. This form simplifies internal movement of funds and maintains clear financial records.
Navigation : Invoicing → Vendors → Vendor Payments
2.) Automatic Paired Transfer Creation
When a user creates an Internal Transfer and saves the record, Odoo automatically generates a paired payment record in the destination journal. For example, creating a transfer from Bank to Cash automatically creates a corresponding Cash to Bank record. This automation ensures both journals reflect accurate, synchronized transactions without manual entry. It improves efficiency, prevents duplication errors, and keeps journal balances aligned in real time.
Navigation : Invoicing → Vendors → Vendor Payments
3.) Automatically Created Paired Transfer Record
When an internal transfer is created, Odoo automatically generates a paired record in the destination journal. The paired entry reflects the opposite side of the transaction for accurate synchronization. This ensures both journals stay balanced without manual effort.
Navigation : Invoicing → Vendors → Vendor Payments
4.) Automatic Journal Entry Creation
When the Confirm button is clicked, Odoo automatically generates journal entries for both transfer records. It posts a debit in the Liquidity (Current Asset) account of the destination journal and a credit in the Liquidity (Current Asset) account of the source journal. This ensures an accurate and synchronized accounting entry for the internal fund movement between Bank and Cash journals.
Navigation : Invoicing → Vendors → Vendor Payments
5.) Automatic Journal Entry Creation
When the internal transfer is confirmed, Odoo auto-creates the reverse payment record. It generates the corresponding journal entry to complete the transfer between the Bank and Cash journals. This ensures both journals reflect accurate Liquidity (Current Asset) movement for seamless fund tracking.
Navigation : Invoicing → Vendors → Vendor Payments
6.) Automatic Bank Journal Entry
Once confirmed, Odoo automatically posts a journal entry in the Bank Journal. It records a debit to the Bank account and a credit to Current Assets, completing the internal fund transfer. This ensures accurate tracking of cash movement between the two liquidity accounts.
Navigation : Invoicing → Vendors → Vendor Payments → Journal Entry
7.) Automatic Cash Journal Entry
After confirming the payment, Odoo posts a Cash Journal Entry automatically. It records a debit to Current Assets and a credit to Cash, showing money transferred out from cash to the bank. This ensures both liquidity accounts remain balanced during internal transfers.
Navigation : Invoicing → Vendors → Vendor Payments → Journal Entry
8.) Vendor Payment Overview
This view lists all vendor payment records, showing payment method, journal, and amount. It displays both cash and bank transactions for clear visibility of internal transfers. You can create new payments or review completed transactions directly from this screen.
Navigation : Invoicing → Vendors → Vendor Payments
User Guide
Teams
team@inkerp.com
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Odoo Proprietary License v1.0 This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file). You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one). It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software. The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
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