As per titled, how do I transfer an inventory item to asset, removing it from the sell able inventory, and then use the asset management to depreciate the item?
Odoo is the world's easiest all-in-one management software.
It includes hundreds of business apps:
- CRM
- e-Commerce
- Accounting
- Inventory
- PoS
- Project
- MRP
This question has been flagged
5
Replies
11670
Views
1. Create a Location Transfer Inventory to Fixed Assets with the correct Asset Account set in it:
2. Record an Internal Transfer from your Stock location:
Assuming you have real-time Inventory valution, you will see in Accounting that you get the following Journal Entry:
capitalize inventory cip
Uh, I did this, and when I open Accounting/Assets it's still empty.
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?
good question. I will wait for answers
have you found a solution to your question? I'm facing the same issue.
I know it's been 6 years since your original post, but any news? :)
Enjoying the discussion? Don't just read, join in!
Create an account today to enjoy exclusive features and engage with our awesome community!
Sign up| Related Posts | Replies | Views | Activity | |
|---|---|---|---|---|
|
1
Mar 15
|
4535 | ||
|
0
Dec 24
|
563 | ||
|
2
Aug 24
|
5262 | ||
|
1
Aug 18
|
4043 | ||
|
3
Jan 25
|
9909 |
Anyone found solution for this?