Fixed Asset Management Covers
Odoo allows you to:
Capitalize assets automatically from vendor bills
Track asset values and lifecycle
Calculate depreciation automatically
Post depreciation entries to accounting
Handle asset disposal, sale, or scrap
Generate asset and depreciation reports
Typical assets:
Buildings
Machinery
Vehicles
Office equipment
IT hardware
Furniture
Required Odoo Modules
Enable:
Accounting
- Purchase
Asset Categories (Very Important)
Asset Categories define how depreciation works.
Configuration Path
Accounting → Configuration → Assets → Asset Categories
Key Settings
Asset Type
Fixed Asset
Current Asset
Depreciation Method
Straight Line (most common)
Declining Balance
Duration
Number of years or number of depreciations
Depreciation Frequency
Monthly / Yearly
Accounts
Asset Account
Depreciation Account
Accumulated Depreciation
Expense Account
Example (Office Equipment):
Method: Straight Line
Duration: 5 years
Frequency: Monthly