Assets Management (Depreciation) | Odoo 15 Accounting | Odoo 15 Enterprise Edition

Asset management is a systematic process to organize, monitor, and sell the assets of an organization in a cost-effective way. #odoo15accounting

By monitoring the assets and their current working conditions, will help the business to understand the loss/gain, equipment failures, etc. #odoovideos

Odoo 15 also provides the feature of asset model and asset creation to manage the assets in a company. The asset model is a feature to manage the asset entries for an asset. #odoo15videos

The depreciation for the asset can be set for a particular duration. A single asset model can be used for creating multiple assets.

To create an asset model, Go to the Accounting module - Configuration - Management - Asset Model - Create.
Create an asset model by adding details as required in the form such as:
Asset Model
Name
Depreciation Method(Straight line, Declining, Declining then Straight line)
Duration
Prorata Temporis

Accounting:
1. Fixed Asset Account: The account which was used to document the purchasing of the asset at its original cost
2. Depreciation Account: Account used to record the depreciation entries
3. Expense account: Accounts used to report the expense portion of the asset.
4. Journal

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