The “Assets” module allows you to keep track of your fixed assets like machinery, land, and building. The module allows you to generate monthly depreciation entries automatically, get depreciation board, sell or dispose of assets and perform reports on your company assets.
Video Contents:
00:00 Introduction
00:52 Odoo Accounting Dashboard
04:57 Types of Depreciation Methods
06:45 Computing Depreciation
14:31 Whar is Accelerated Degressive
15:24 How to Sell or Dispose of Asset
Odoo Accounting Services:
For starting: Accounting – Accounting – Assets
Using this module you can manage the assets owned by your company or by an individual and keep track of the depreciation that occurred on those assets.
Before creating an asset you have to create the asset type, for that go to Accounting – Configuration – Asset Types And create an asset type as follows.
You can compute the depreciation based on different types of asset types. Also, you can sell or dispose of the assets.
Generate Asset Entries:
The option generates asset entries that allow you to generate the asset entries until the date that you have given. It will automatically generate the entries for the assets.
Balance Sheet
The balance sheet report gives you a snapshot of a company’s asset, liability, and equity. Equity is calculated by deducting the liability from the asset.
An asset report
The asset report shows an analysis of the asset. You can see pivot analysis and the graph view of the asset as shown.
record the sale or disposal of an asset?
If you sell or dispose of an asset, you need to deprecate completly this asset. Click on the button Sell or Dispose of. This action will post the full costs of these assets but it will not record the sales transaction that should be registered through a customer invoice.
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