Create asset records with name, purchase date, acquisition cost, and category classification — such as IT Equipment, Vehicles, or Machinery.
Why it matters: A structured asset register is the foundation of every accurate depreciation schedule and disposal audit.
Configure depreciation methods and periods per asset category; the system calculates accumulated value loss automatically without manual intervention.
Why it matters: Automated depreciation eliminates formula errors, missed periods, and the quarterly scramble to reconcile book values.
Every modification to an asset — value changes, category reassignments, revaluations, disposals — is recorded with the action timestamp, the user who made the change, and a description of what changed.
Why it matters: A tamper-evident audit trail is essential for internal controls, external audits, and insurance documentation.
The Asset Disposal Wizard guides users through retiring an asset — recording the disposal method, disposal date, and sale price, then automatically updating the asset status upon confirmation.
Why it matters: Formal disposal workflows ensure no asset is silently removed from the books, keeping finance and operations aligned.
Assign assets to specific business entities; each company maintains its own asset records, depreciation schedules, and disposal histories independently within a single Odoo instance.
Why it matters: Multi-entity organizations need clean separation between subsidiaries to produce accurate per-company financial statements.
Asset records connect directly with the Odoo Inventory module, enabling company-owned assets to appear within unified stock and operations workflows.
Why it matters: When assets and inventory share a single system, cross-department visibility becomes the default — not a reporting project.
