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Accounting Dashboard
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General Accounting Set up
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Chart of Accounts
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Day to Day Transactions
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Sales
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Banks & Bank Reconciliations
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Fixed Assets
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Year/Month End
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Reports
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Purchase Order approval
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POS
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Purchasing
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Non stock purchasing
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Expense Module
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Shopify Sales
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Invoice Reminders
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Customer Statements
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Tax
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Supplier Batch Payment
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Product Categories
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Inventory Valuation Journals
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Analytic Accounts
Different depreciation methods & Calculation Methods
Technically, we do not need to manually compute our depreciation in Odoo. When we create an Asset, the " COMPUTE DEPRECIATION " is already available. Clicking the said button will make the depreciation board available, presenting the Depreciation for that particular asset.
Lets see what are the available depreciation methods in Odoo
01. Straight Line Method - Cost of the asset will be divided by no of lifetime
02. Declining Method - Depreciation calculated by a declining factor, this process will be repeated till the end of depreciation.
03. Declining & Straight Line Method - Depreciation will be calculated by both of above methods in the backend and odoo will pick the highest value for the period
Depreciation Calculation Methods
01. No pro rata - Regardless of the asset acquisition date depreciation will be calculated for the whole year/ month
02. Constant Periods - Depreciation calculated based on months, and in a particular month, if you select the date, the system will calculate depreciation from the particular date of the selected month.
03. Based on days per period- system will calculate depreciation based on days
Each of above depreciation methods can be calculated with these 03 calculation methods
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