Odoo is the world's easiest all-in-one management software.
It includes hundreds of business apps:
Greetings
I have the following scenario, There are assets with depreciations from old years and I need to implement Odoo for only the current year without opening previous fiscal years, so how to register the old assets and their costs and depreciation/ and how I can calculate the remaining depreciation?
The thing is that you cant open the fiscal year. Once it is closed, its closed forever unless you customize. So you can't create depreciation entries with back dates, but I advise to do this: Make the value of the purchase asset equal to the net value which would be at the start of open year. You will loose the old(closed) year depreciation expenses, but you will have the correct asset value and depreciation entries for the current(or opened) years.
Like: Closed Years are: 2013, 2014. Opened is: 2015 Asset value at 01.01.2013 was 100 000. Accumulated depreciation for 2013 and 2014 = 70 000. Then take 30 000 as the purchase value at 01.01.2015 and go on.
This advice lacks the information about old year depreciation and initial asset purchase value, but once years are closed, they are audited, so no worries:)
Even if you create an assets for past date in same fiscal year.. the journal entries will take the current date,
Yes it will take the current date, is it another possible config to make backdate old asset?
Create an account today to enjoy exclusive features and engage with our awesome community!
Sign up| Related Posts | Replies | Views | Activity | |
|---|---|---|---|---|
|
0
Feb 17
|
2957 | ||
|
0
Sep 24
|
662 | ||
|
0
Feb 23
|
3358 | ||
|
0
Mar 25
|
359 | ||
|
0
Jan 25
|
2590 |
1. Use the live chat to ask your questions.
2. The operator answers within a few minutes.
Thanks #Zura I don't have enough Karma to comment on your answer That's exactly what I was thinking to do, and I will mention the original cost for each asset in an additional field as just an info.