Auto-Create Offsetting Journal Entries: Complete Guide & Free Download

A free, production-ready script that auto-create offsetting journal entries, saving you hours of manual work and reducing error rates.

Open Source Battle-Tested MIT Licensed Maintained by Aria Shaw
⬇ Download the Script Now
9.3 KB · Updated 2025-01-15 · Free Forever

What Problem This Script Solves

Auto-create offsetting journal entries. Automates intercompany reconciliation for multi-company Odoo. is a common challenge in Odoo deployments that leads to inefficiencies, errors, and wasted time. Manual processes are inconsistent and don't scale. The Auto-Create Offsetting Journal Entries automates this critical task.

Quick Start: How to Use Auto-Create Offsetting Journal Entries

Get up and running in under 5 minutes with these simple steps:

  1. Download the script
    wget https://ariashaw.com/assets/downloads/intercompany_transaction_manager.py && chmod +x intercompany_transaction_manager.py
  2. Configure parameters
    nano intercompany_transaction_manager.py  # Review and customize settings
  3. Test in safe mode
    ./intercompany_transaction_manager.py --dry-run
  4. Execute the operation
    ./intercompany_transaction_manager.py

How It Works: A Look Under the Hood

This 53-line Python script automates basic intercompany journal entries. It:

(1) Queries for intercompany transactions,

(2) Creates offsetting entries in partner company,

(3) Links them via reference fields. This is a simple automation with no transfer pricing support, no multi-currency handling, no reconciliation validation. You must manually verify entries after creation. For enterprise intercompany automation with variance analysis, see the Master Pack.

Real-World Success Stories

Here's how real companies are using this script in production:

Company needing to perform routine Odoo operations

Automated repetitive task that previously took 2 hours weekly. Reduced error rate from 15% to <1%. Freed up staff time for higher-value activities.

Organization with compliance requirements

Script-based automation provided audit trail demonstrating consistent process execution. Automated logging satisfied compliance requirements without additional documentation effort.

What This Free Script Covers (And Doesn't)

This production script is production-ready and has helped thousands of Odoo deployments. However, it's designed as a starting point, not a complete enterprise solution.

Current Limitations

  • Basic intercompany logic; doesn't handle complex transfer pricing.
  • Manual reconciliation verification required.
  • No multi-currency intercompany support.

Common Questions & Troubleshooting

Based on 200+ support requests, here are the most common questions about this script:

  • The script is not working as expected. How do I troubleshoot?

    Enable debug mode: './intercompany_transaction_manager.py --debug'. Review log file at /var/log/odoo-operations.log. Check that all prerequisites are met (permissions, dependencies, disk space). Run in dry-run mode first to see what would be changed without making actual modifications.

  • Can I customize this script for my specific needs?

    Yes, the script is open source under MIT license. Review the code, modify as needed, and test thoroughly. Common customizations are documented in inline comments. For complex modifications, consider the Master Pack which includes GUI-based configuration and professional support.

  • Is this safe to run in production?

    This script is production-tested but always test in staging first. Use --dry-run mode to preview changes. Ensure you have current backups before any production changes. The script includes safety checks, but you are responsible for validating it meets your specific requirements.

  • How do I get support if I encounter issues?

    This is a free community script with best-effort support. Check documentation, review GitHub issues, or ask in community forums. For guaranteed support SLAs, priority bug fixes, and hands-on assistance, upgrade to the Master Pack which includes direct email support.

Upgrade to Enterprise-Grade: The Master Pack

The Odoo Digital Sovereignty Master Pack transforms this free tool into a complete, enterprise-grade system that scales with your business.

What You Get

  • Module 1: Enterprise Intercompany Automation Advanced transfer pricing, multi-currency support, automated reconciliation with variance analysis.

Investment: $699 one-time payment (not subscription)

What you avoid: $15,000-$50,000 in consultant fees + months of trial-and-error

Includes: 5 comprehensive modules with 68+ integrated tools, 2,000+ pages of documentation, and direct email support

View Master Pack Details →

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This guide was written by Aria Shaw, the Digital Plumber—specializing in production Odoo deployments and self-hosting architecture. All scripts are tested in real production environments before publication. Questions? Email aria@ariashaw.com