Transferring an item from inventory to asset in Odoo isn't too complex, but there are a few steps to watch out for. First up, make sure your asset management thing is set up right. After that, you'll wanta remove the item from your sellable inventory. You do this by creating an inventory adjustment and moving the quantity out - make a note of it for auditing.

When registering it as an asset, go over to the Asset Management moduel. Create a new asset record, fill in the item details, and set the depreciation rules based on its useful life. Watch out for missing essentials like purchase date and value; they can really mess up depreciation.

From what I've seen, double-checking your asset categroy setup is key in Odoo. It makes sure depreciation aligns with your accounting practices. For those using specific localization settings or tax rules, verify those categorizations match what your financial reporting needs. It can be tricky, especially if you're not too cozy with Odoo's UI. Odoo's doc or community forums can come in handy if you're lost at any step.

Sorting this out might feel fiddly, especially if you're new to Odoo's interface, but with practice, you'll get it. It gets easier, trust me. Shout if there's something you're stuck on - odoo’s logic there can be wierd, I had to tweak this once myself.

I still have no idea what is the right way to do this. When company purchase something, the item is always added into inventory as we transfer some sell-able products to our own use as company assets and office equipment.

At the moment I'm thinking of:

#1 - Remove manually from inventory the number of units transferred to Asset #2 - Create manual journal entries, deducting inventory and moving the inventory to the corresponding asset account #3 - Create the particular asset and designate the depreciation #4 - Create a manual internal move and create a new location called <company name="">/Asset

Is this the right method to account for this?