How to Sell an Asset

How to Sell an Asset

To sell an asset in Odoo, first, you need to create an Invoice for the sale.

Step 1 - Create a Sales Invoice

1. Create an Invoice for the Sale of the asset. Go to the Accounting Module > Customers > Invoices 

 
2. Click Create and Fill out the necessary fields:
   * Select the customer
   * Invoice date
   * Payment Reference - Add a reference
   * Label - Add the Label of the Invoice. ( Sale Description)
   * Account - you can use a Sale of an Asset Account. Eg: Sales of Fixed Assets
   * Price -Enter the Selling price of the asset.
   * Taxes - Select the appropriate Tax code

 
3 .Click Confirm
4. Note down the Invoice Number 


Step 2 - Sell the Asset (Creating the Asset Entry)

1. Go to the Accounting Module > Accounting > Assets. 

 
2.  Open the asset that you are going to sell. 

3. Click on the "Modify Depreciation" Button 

 
4. Upon selecting sell option, You will be asked update the following, 
    Date- Select the date of asset's sale
    Customer Invoice - Select the Invoice you created for this sale
    Invoice line - You can select the line from invoice which you have created (if you have multiple lines)
    Loss account - Select "Gain/Loss Account on Asset Disposal"
    Note - You can add any notes 

 
5. Click on SELL to sell the asset. 

 
6. After that, it will create a draft entry for you. Check the Details and click POST.