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Internal Payment Transfer

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Required Apps Invoicing (account)
Discuss (mail)
Technical Name internal_payment_transfer
License OPL-1
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Technical Name internal_payment_transfer
License OPL-1

Introduction

The Internal Payment Transfer module for Odoo enhances your accounting system by allowing direct internal transfers between journals or accounts—such as moving funds from one bank to another or between cash and bank journals. It removes the manual burden of creating offsetting entries, ensuring that both sides of the transfer are recorded properly. Ideal for companies managing internal liquidity, interdepartmental transfers, or multi-account cash flows, this module ensures accuracy and simplifies fund reallocation.

Key Features

  • Transfer funds between internal journals (e.g. bank to cash, cash to bank) as payment entries

  • Automatic generation of sending and receiving journal entries to maintain balance

  • Reconciliation compatibility so internal transfers can be matched cleanly in bank reconciliation

  • Configure journal settings to designate which journals can act as sources or destinations

  • User-friendly interface aligned with accounting workflows (Payment menus, internal transfer options)

Benefits

  • Ensures accounting accuracy by automatically balancing both sides of internal fund movement

  • Saves time by removing manual journal entry creation for internal transfers

  • Improves transparency in internal liquidity shifts across journals and accounts

  • Simplifies reconciliation by treating transfers as paired, traceable payments

  • Reduces risk of errors when moving money internally, especially in multi-account setups

Compatibility & Technical Details

  • Technical Name: internal_payment_transfer

  • Required Modules: Invoicing / Accounting (account), Discuss / Mail (mail)

  • License: Odoo Proprietary License v1.0 (OPL-1)

  • Installation Steps:

    1. Ensure the Accounting and Mail modules are installed.

    2. Install the Internal Payment Transfer module in your Odoo environment.

    3. Configure journals: mark which journals should behave as “incoming” and “outgoing” in internal transfers (in journal settings).

    4. Use the internal transfer option (often under Payments → Internal Transfer) to select source and destination journal/accounts and the amount.

    5. Confirm the transfer; corresponding journal entries for both sides will be auto-created.

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.