Asset Management in Odoo 18 - A Complete Guide

To manage with the asset model and its automation.let’s dive into the accounting module and head up into the configuration menu where you can choose the Asset models under the Management.

 

 

So asset modules are the templates of the asset and here you can find Asset model name,the name of the model and under the Depreciation method we can choose different depreciation methods such as straight line,Declining and Declining then straight line.And we can also set the durations in terms of months as well as in terms of year.

As well as we can also choose computation that can be no prorata,constant period and based on days per period.Afterwards we can also set certain accounting details such as the company.And we can also set a depreciation account as well as expense account and this comes under miscellaneous operations.

 

So the depreciation account is set as fixed account,fixed accounts to a systematic way to track the values and manage the company’s long term and the depreciation reflects a decline in the asset value over time, so the depreciation of the asset is rounded as an expense and that will be set in the expense account also and we can say that it is a cumulative effect which is reflected in the cumulative depreciation amount and which reduces the assets book value.

While we are setting with the depreciation account we can also just manage with its automation(internal link of depreciation account).Under the Automation tab.Here we can see that Automate Asset ,we can just create in draft validate the bill when we set it as create in draft automation will be done over there like setting the asset in the draft and when we just set it as create a bill and when we just validate the bill when we set it as create in draft the automation will be done over there like setting the asset in the draft and when we just set it as create and validate then whenever we just confirm  or validate the bill the asset will be created and validate or it will be in running state.and here you can also find a field called manage items.So when this field is checked and we have assets with multiple item then all these assets will be treated as separately and while you are just managing with the asset automation we also just need to set the asset model.And from the accounting tab choose the asset.and move on to the vendor bill by setting the details of the vendor and it is mandatory to set the bill date and choose the product which is laptop and set the fixed asset account then only it will be affected.Now the asset is created.