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Accountinginternal-transferv17
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Stephen M Paulsen

I have five companies in my database.  I frequently move money between them as Owner's Withdrawals and Owner's Investments.


What is the best way to record the withdrawal from Company A's checking account and the deposit into Company B's checking account?

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Ray Carnes (ray)
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Have you seen https://www.odoo.com/documentation/17.0/applications/finance/accounting/payments/internal_transfers.html


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Stephen M Paulsen
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Hi, Ray.

Yes, thank you. My roadblock is that BANK A is configured in COMPANY 1, and BANK B is configured in COMPANY 2. I may be overestimating the capabilities of the software. Since it can record sales and purchases between companies, I thought it could do straight-up transfers of money too.

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