diff --git a/trytond/trytond/modules/account_invoice_defer/account.py b/trytond/trytond/modules/account_invoice_defer/account.py
index 09929e7..c58e120 100644
--- a/trytond/trytond/modules/account_invoice_defer/account.py
+++ b/trytond/trytond/modules/account_invoice_defer/account.py
@@ -4,6 +4,7 @@
 from trytond.i18n import gettext
 from trytond.model import ModelSQL, ModelView, Workflow, fields, Unique
 from trytond.model.exceptions import AccessError
+from trytond.modules.account.exceptions import AccountMissing
 from trytond.pool import PoolMeta, Pool
 from trytond.pyson import Eval, If
 from trytond.transaction import Transaction
@@ -357,9 +358,17 @@ class InvoiceDeferred(Workflow, ModelSQL, ModelView):
         if invoice.type == 'out':
             balance.account = configuration.get_multivalue(
                 'deferred_account_revenue', company=self.company.id)
+            if not balance.account:
+                raise AccountMissing(gettext(
+                        'account_invoice_defer.'
+                        'msg_missing_deferred_account_revenue'))
         else:
             balance.account = configuration.get_multivalue(
                 'deferred_account_expense', company=self.company.id)
+            if not balance.account:
+                raise AccountMissing(gettext(
+                        'account_invoice_defer.'
+                        'msg_missing_deferred_account_expense'))
         balance.debit, balance.credit = income.credit, income.debit
         if balance.account.party_required:
             balance.party = invoice.party
diff --git a/trytond/trytond/modules/account_invoice_defer/message.xml b/trytond/trytond/modules/account_invoice_defer/message.xml
index cccdb09..28d1f88 100644
--- a/trytond/trytond/modules/account_invoice_defer/message.xml
+++ b/trytond/trytond/modules/account_invoice_defer/message.xml
@@ -12,5 +12,11 @@ this repository contains the full copyright notices and license terms. -->
         <record model="ir.message" id="msg_invoice_deferred_delete_draft">
             <field name="text">You cannot delete invoice deferred "%(deferral)s" because it is not in "draft" state.</field>
         </record>
+        <record model="ir.message" id="msg_missing_deferred_account_revenue">
+            <field name="text">There is no deferred account revenue configured.</field>
+        </record>
+        <record model="ir.message" id="msg_missing_deferred_account_expense">
+            <field name="text">There is no deferred account expense configured.</field>
+        </record>
     </data>
 </tryton>