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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.

on 10/16/16, 3:03 PM 854 views

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 ?

On 3/5/17, 3:29 AM

I am also unable to figure this out.  Anyone have an answer to intercompany bank transfers?


Hi Chainika, 

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.


+1, Having the same issue

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Asked: 10/16/16, 3:03 PM
Seen: 854 times
Last updated: 3/5/17, 3:29 AM