Asset management
The asset management of the accounting aspects of a company are the financial operations
of the sales, purchase, inventory operations, repairs and many more which are involved
with the business concerning the financial operations. All the financial operations
on these aspects can be planned, executed and monitored. In addition the physical
assets such as land, vehicle, equipment etc. can be configured and subjected to
a strict financial operations concerning the funds spent on them.
The asset model menu can be accessed from the configuration tab of the accounting
module. In the menu all the asset models described will be listed out and the user
can create a new one.
In the new asset creation window the user can assign an asset model, allocate the
depreciation method to be a straight line, digressive or accelerated degradation.
Additionally, allocate the duration and the prorata temporis. Under the accounting
menu the user can describe the accounting aspect of the asset such as fixed asset
account, depreciation account, expense account, journal, analytical account and
analytical tab.
As the asset models are created the user can now create the various assets to be
described in the company operations in the Odoo platform. To allocate an asset to
the company the user can select the asset menu accessible from the accounting tab.
Here all the assets of the model are being described and the user can select to
get a new one.
In the asset creation window the user should initially provide a name, allocate
the asset value of the acquisition price and the date of it. Additionally, the current
values can be described by the asset.
Furthermore, the depreciation method can be allocated and the duration of the depreciation
and the start date of the depreciation can also be allocated. Moreover, the accounting
aspects of the asset can be described under the menu such as depreciation account,
expense account, journal of entry, analytical account and the analytical tab can
be described.
As the asset is being described and this is saved upon verification the user can
view the option to confirm the asset to be described in the platform.
On confirming the asset the user can view the options sell or dispose, set as draft,
pause depreciation, modify depreciation, and save the model.
The depreciation board will be depicted down the depreciation board. Here all the
reference of the asset and the details will be described.
