$ 4.73
| Required Apps |
•
Invoicing (account)
• Discuss (mail) |
| Community Apps Dependencies |
om_account_asset
|
| Technical Name |
ag_asset_sell_dispose
|
| License | OPL-1 |
| Technical Name |
ag_asset_sell_dispose
|
| License | OPL-1 |
ASSET SELL OR DISPOSE
Asset disposal is the removal of a long-term asset from the companys accounting records. It is an important concept because capital assets are essential to successful business operations. Moreover, proper accounting of the disposal of an asset is critical to maintaining updated and clean accounting records. Similarly asset selling is also an important factor to maintain the assets effectively.
Features
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Asset Selling
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Asset Disposal.
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Maintaining Asset Accounting Records.
How to use this module
Here we can see an invoice, for the product Laptop with asset category Computers.
The Price for this particular asset is 12000. Which means we had bought this asset for 12000.
Now, under the accounting menu, in assets an asset for Laptop is created and in the gross value
the price is 14000. Which means we are planning to sell it at price 14000.
From the depreciation lines, we can post manually , now since, first depreciation line is posted one journal
entry gets created. By clicking on sell or dispose we can choose option to sell or dispose the asset.
Here, in the action we can choose sell and the related invoice for the particular asset. Now automatically the Gain Account
is shown, this is because the value in our invoice is 12000 and the gross value is 14000. Since, we are selling for more price
than purchased, it will be posted in the Gain account.
After we click on sell, the journal entries is created and the difference amount between sell and
purchase value is recorded in the gain account.
After posting the entries, it will change the state to close and 2 journal entries are generated, one which we posted manually
and automatically created entry after selling.
Now in the second case if we provide the Gross Value as 10000 which less than the purchase price.
From the depreciation lines, we can post manually , now since, first depreciation line is posted one journal
entry gets created. By clicking on sell or dispose we can choose option to sell or dispose the asset.
Here, it will go to the Loss Account and the difference will be recorded in the Loss Account.
Apart, from selling we can also dispose the asset which is no longer required. From action you
can select dispose to dispose the asset.
After selecting dispose , the amount will be recorded in the loss account automatically.
Odoo Proprietary License v1.0 This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file). You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one). It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software. The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
