Learn how to manage asset depreciation in Odoo 20 with this step-by-step tutorial! In this video, we explain how to create fixed assets, configure depreciation methods, generate depreciation entries, and track asset values using Odoo 20 Accounting.
Asset depreciation helps businesses distribute the cost of fixed assets over their useful life instead of recording the entire expense at once. Whether you are an accountant, an Odoo functional consultant, or a beginner learning Odoo 20, this tutorial will help you understand the process with practical examples.
📌 What You Will Learn
What is asset depreciation, and why is it important?
How to configure assets in Odoo 20
How to create and manage fixed assets
How to configure depreciation methods and schedules
How to calculate asset depreciation
How to generate depreciation journal entries
How to manage asset values and accumulated depreciation
How to track asset depreciation from the Odoo Accounting dashboard
A practical example of asset depreciation in a business
💼 Real-World Example
Suppose a company purchases a machine for ₹1,20,000 with a useful life of 5 years. Using the straight-line depreciation method and assuming no residual value, the company records ₹24,000 as depreciation expense each year.
In this tutorial, you will learn how to manage this process in Odoo 20 and understand how depreciation affects the company's financial records.
👨💻 Who Should Watch This Video?
Odoo 20 functional consultants
Accounting and finance professionals
Beginners learning Odoo accounting
Business owners managing fixed assets
Anyone interested in automating accounting operations with Odoo
Watch the complete video to understand how Odoo 20 simplifies fixed asset management and depreciation accounting.
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