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diff --git a/addons/stock_account/__init__.py b/addons/stock_account/__init__.py
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+++ b/addons/stock_account/__init__.py
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+# -*- coding: utf-8 -*-
+# Part of Odoo. See LICENSE file for full copyright and licensing details.
+
+from . import models
+from . import report
+from . import wizard
+
+from odoo import api, SUPERUSER_ID, _, tools
+
+def _configure_journals(cr, registry):
+    """Setting journal and property field (if needed)"""
+
+    env = api.Environment(cr, SUPERUSER_ID, {})
+
+    # if we already have a coa installed, create journal and set property field
+    company_ids = env['res.company'].search([('chart_template_id', '!=', False)])
+
+    for company_id in company_ids:
+        # Check if property exists for stock account journal exists
+        field = env['ir.model.fields']._get("product.category", "property_stock_journal")
+        properties = env['ir.property'].sudo().search([
+            ('fields_id', '=', field.id),
+            ('company_id', '=', company_id.id)])
+
+        # If not, check if you can find a journal that is already there with the same name, otherwise create one
+        if not properties:
+            journal_id = env['account.journal'].search([
+                ('name', '=', _('Inventory Valuation')),
+                ('company_id', '=', company_id.id),
+                ('type', '=', 'general')], limit=1).id
+            if not journal_id:
+                journal_id = env['account.journal'].create({
+                    'name': _('Inventory Valuation'),
+                    'type': 'general',
+                    'code': 'STJ',
+                    'company_id': company_id.id,
+                    'show_on_dashboard': False
+                }).id
+            env['ir.property']._set_default(
+                'property_stock_journal',
+                'product.category',
+                journal_id,
+                company_id,
+            )
+
+        # Property Stock Accounts
+        todo_list = [
+            'property_stock_account_input_categ_id',
+            'property_stock_account_output_categ_id',
+            'property_stock_valuation_account_id',
+        ]
+
+        for name in todo_list:
+            account = getattr(company_id, name)
+            if account:
+                env['ir.property']._set_default(
+                    name,
+                    'product.category',
+                    account,
+                    company_id,
+                )