Accounting · Odoo glossary
Intercompany Transactions
Intercompany transactions are sales, purchases, services or other transfers between entities in the same corporate group.
Definition
In general ERP practice
Intercompany transactions are sales, purchases, services or other transfers between entities in the same corporate group. They are recorded in each entity’s books and may require elimination in group reporting.
In Odoo
Odoo’s multi-company settings can generate counterpart commercial documents for transactions between configured companies. Product sharing, company settings, taxes and access must be aligned; document automation and consolidation elimination are distinct steps.
Official Odoo documentation
The Odoo-specific explanation above is based on the documentation for Odoo 19. Features and workflows can differ in other versions.
Related glossary terms
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