How to Create Automatic Transfers in Odoo Accounting | Odoo 18 Accounting Tutorials | Odoo 18 Videos

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Published on March 6, 2025 12:00:44 PM ● Video Link: https://www.youtube.com/watch?v=Sfc0VRfEXTs

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Accounting (2016)

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Automatic transfers in Odoo Accounting can be used for various purposes, such as:

Inter-company transactions (when dealing with multiple companies in Odoo)
Currency revaluation (adjusting accounts based on exchange rates)
Accrual accounting (recognizing revenue/expenses in the correct period)
Bank statement reconciliation (moving funds between accounts automatically)
🔹 How to Set Up Automatic Transfers in Odoo Accounting?
Configure Transfer Accounts
Odoo needs a dedicated account to track transfers. You can set it up in:
Accounting → Configuration → Chart of Accounts

Create a new account (e.g., "Internal Transfers")
Set the type as "Current Assets" or "Bank and Cash"
 Enable Multi-Step Transfers (For Bank Transfers)
Go to Accounting → Configuration → Settings and activate:

✅ Enable Multi-Currency (if needed)
✅ Enable Inter-Bank Transfers
 Set Up Recurring Transfers (Automated Journal Entries)
For scheduled transfers, create a recurring entry:

Navigate to Accounting → Journal Entries → Recurring Entries
Click Create, set frequency (daily, weekly, monthly)
Select debit and credit accounts for the transfer
Confirm & activate
Automate Transfers Using Odoo Rules (For Advanced Cases)
You can set up Automated Actions in Settings → Technical → Automated Actions
Define triggers (e.g., bank transaction detection)
Link to a custom Python function or journal entry creation
Use Odoo’s Inter-Company Transfers (For Multi-Company Setup)
If handling multiple companies, enable Inter-Company Transactions in settings
Odoo will automatically post corresponding journal entries
 Example: Automatic Transfer Between Bank Accounts
Odoo detects a deposit in Bank Account A
Automatically creates a journal entry moving funds to Bank Account B
Posts the transaction in respective accounts

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