Hi Ray, may I know what internal transfer means? does this mean entering accounting move of depositing Cash got from Sales to Bank account? could you please explain with screen-shots, so that everyone will understand better. Thank you

An Internal Transfer is moving money from one bank account to another (to withdraw and deposit), or moving money from one bank account to a credit card account (to pay the card) or moving money from petty cash to the bank (or vice versa). We have documented this at https://www.odoo.com/documentation/user/14.0/accounting/bank/misc/interbank.html#register-an-internal-transfer-from-one-bank-to-another

Hi Ray, you mean if we want to make internal transfer, we need to create two payment for send and receive,right? In v13, we can make only one payment,right?

Yes two in v14. One for send. One for receive. In v13 you needed just one.

Hi Ray - I'm always thankful for your activity on these boards. There are many times to provide the answers that are missing or incomplete in the documentation.

Thank you for stating that v14 has moved to a model where two transactions are needed for an internal transfer. Can I make some suggestions on how to improve the v14 documentation that you've posted here?

- the steps in the documentation are very detailed and deliberate, as readers we are spoon-fed the steps which is helpful

- so when steps are missing, we most likely just assume the system is going to take care of anything not stated

- this v14 version of the documentation is likely based on the v13 docs when only 1 transaction was needed, it should be updated to walk v14 users through the 2 Tx approach

- For example add another paragraph like:

<Log the second matching internal transfer>

The second step is to register another internal transaction to receive money against the receiving bank. To do so go into your accounting dashboard, click on the more button of your receiving banks and select New ‣ Internal transfer.

- Also, I think it would be helpful to know if there is any functionality tied to the 'Recipient Bank Account' field?

- Take the example of a transfer from Savings to Checking

- I make the first internal transfer in journal Savings and choose the Send Money option.

- I now know that I also need to log an internal transfer in journal Checking and choose the Receive money option.

- both of these forms show an optional field named Recipient Bank Account. Should that be hidden in v14 when is_internal_transfer = True? It implies that a single Tx might be enough, but I think that field doesn't do anything. What are your thoughts?

Well, I created a transfer TO in my chq account. I also create an unrelated Receive from my cash account. Great. Now I have two completely unrelated journal items.

When I try to reconcile the checking account which is pre-populated by Yodlee. I see both of these entries sitting in blue available. I try to reconcile the BNK/ item and it refuses - "User Error - You can only reconcile posted entries". But it is posted; on the BNK/ entry that I created it says "POSTED".

Is there some intermediary step that is new to Odoo 14 that I am unaware of?

I get a bit frightened when my books won't balance because of an upgrade. Is there anywhere that explains these new changes to internal transfers? Experimenting on my live books seems... dangerous.

I'm going to set the books aside for today and hope Ray has some love for me.

I see this hasn't been updated in a while but this upgrade truly has caused some confusion. I echo @Geoff Petkus in regards to the 'Recipient Bank Account' field. Is that even needed? Unless it is used in a background operation, it doesn't make much sense as to what this is for.
Some clarification on this would be much appreciated.

The "Recipient Bank Account" is only needed when Odoo is used in countries that support direct payment (banks call this "credit transfer, direct deposit, direct debit", etc) to recipients via a message or file from Odoo to the bank. This is NACHA in the USA and SEPA in Europe.

@ray So can this just be ignored and allow whatever Odoo sets the field to by default as the value with no risk of any issues? Thanks for the help, our accounting department is confused.

It can be ignored if you don't need to process NACHA payments in the USA and/or SEPA payments in Europe.