Asset Management In Odoo

Asset management is a systematic process of deploying operating, maintaining, upgrading, and disposing of assets cost effectively. Odoo supports Asset Management. In Odoo the "Assets" module allows you to keep track of your fixed assets like Land & Building , Machinery etc. Thus, the module helps you to compute depreciation entries automatically.

How to Manage your fixed asset?

Step 1: Install the Asset Management module.

OR

Activate Asset Management.

Select Accounting > Settings > Accounting &Finance  >Features > Select  Asset management.

Step 3: Create Asset type.

(Asset types are used for configure all information about an assets )

Select Accounting menu > Configuration > Management > Asset Type > Create

• Firstly, choose asset type.
• Set Asset & Depreciation of  journal accounts.
• Select Depreciation computation method.

In addition, depreciation computation method have two type Linear & Digressive.

Linear:  In the depreciation method charges cost evenly throughout the useful life of a fixed asset.

• Set Calculation period of Depreciation.

Step 4:  Creation of Asset & computation of depreciation.

Select Accounting > Adviser > Asset > Create.

Once your asset is created, don't forget to Confirm it. You can also click on the Compute Depreciation button to check the depreciation board before confirming the asset.

As a result, you can Create Assets Automatically from a supplier bill.

Accounting > Purchase > vendor bill > Create.

Moreover, Odoo will create depreciation journal entries automatically at the right date for every confirmed asset.