Odoo is the world's easiest all-in-one management software. It includes hundreds of business apps:
CRM | e-Commerce | Accounting | Inventory | PoS | Project management | MRP | etc.
How do I properly record an Inter Company Cash Transfer? Odoo permits this even when there is no balance to transfer and allows me to do so without a secondary currency.
I am using Odoo Enterprize 9 editions having multi-company architecture. I created multiple Bank accounts into it. My queries are below:
1- When i am trying to transfer any amount from X accounts to Y accounts, odoo permits me to do so even i have zero balance into my X accounts.
2- While Transferring the amount from X account to Y account, it gives me an warning that please set Secondary Currency of the account and when i remove the currency from the X account, it allows me to do the same.
What settings, i am missing into accounting. Logically is it correct to transfer the amount from zero balance account ?
1) It is an intended behavior that you are able to send money out of an account that has a null balance. Some companies can have agreements with their bank allowing them for instance to go negative.
2) Multi currency bank accounts/journals: if you want to manage a bank journal into another currency, you should set that very currency both on the journal as well as on the account linked to that journal. More here https://www.odoo.com/documentation/user/9.0/accounting/others/multicurrencies/how_it_works.html
Hope this helps.
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|Asked: 10/16/16, 3:03 PM|
|Seen: 293 times|
|Last updated: 10/17/16, 6:38 PM|