Businesses operating multiple companies in Odoo frequently need to move funds between bank accounts of different companies. Standard Odoo does not provide a native way to handle this cleanly — users must manually create separate journal entries for each company, coordinate the accounts independently, and ensure amounts match on both sides.

Inter-Company Fund Transfer solves this completely. It introduces a dedicated transfer form under Invoicing → Inter-company Transfers → Fund Transfers where you select the source company, destination company, source journal (Bank), destination journal (Bank), currency, and amount. With a single click on Confirm, the module automatically generates both the Source Entry journal entry for the source company and the Dest. Entry journal entry for the destination company simultaneously.

For example, to transfer $1,000 from My Company (San Francisco) to My Company (Chicago), simply fill in the form with the date, source/destination companies, bank journals, and amount — then click Confirm. Two posted journal entries are instantly created — one debiting Current Assets and crediting Bank for Chicago, and one debiting Bank and crediting Account Receivable for San Francisco.

The module also requires configuring Due From Account and Due To Account in Accounting Settings under Inter-company Liquidity Transfer. These intercompany receivable and payable accounts ensure clean accounting separation between entities.

This module is ideal for multi-branch businesses, holding companies, franchise operations, and any Odoo setup requiring regular inter-company fund movements with accurate, automatic journal entries on both sides.