Internal transfers

In Odoo, internal money transfers can be made in a few clicks. You need at least either two bank accounts, two cash journals, or one bank account and one cash journal.

Configuração

An internal transfer account is automatically created on your database based on your company's localization and depending on your country’s legislation. If needed, the default Internal transfer account can be modified by going to Accounting app -> Configuration -> Settings and then under the Default Accounts section.

Register an internal transfer from one bank to another

Let's say you have two bank accounts registered on your database and you want to transfer 1,000 USD from Bank A to Bank B.

Registre uma transferência interna

From the Accounting Dashboard, click on the drop-down selection button (⋮) on one of your banks. In the New column click on Internal Transfer and enter the information related to the transfer.

Save and Confirm to register your internal transfer. The money is now booked in the transfer account and another payment is automatically created in the destination journal (Bank B).

Bank journal (Bank A)

Account	Débito	Crédito
Outstanding Payments account		$1,000
Internal transfer account	$1,000

Automated booking - Bank journal (BANK B)

Account	Débito	Crédito
Outstanding Receipts account	$1,000
Internal transfer account		$1,000

Manage and reconcile bank statements

The next step is to book the bank statements to finalize the transaction by creating, importing, or synchronizing your Transactions lines. Fill in the Ending balance and click on the Reconcile button.

In the next window, choose counterparts for the payment - in this example, the outstanding payment account - then click Validate.

Bank journal entry

Account	Débito	Crédito
Outstanding Payment	$1,000
Bank Account (BANK A)		$1,000

The same steps must be repeated once you receive the bank statement related to Bank B. Book and reconcile your bank statement lines.

Bank journal entry

Account	Débito	Crédito
Outstanding Receipt		$1,000
Bank Account (BANK B)	$1,000