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2021-11-17T15:58:47Z

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Assets are everything of value that is owned by the company, for example equipment, vehicles, buildings and stock. In Openbravo ERP, you can record the value of assets and their amortization.

You can amortize an asset by:

*Percentage
*Time

Amortization by percentage means that a specified percentage of the total value of the asset is recorded each amortization period (monthly or yearly). For example 1% of the total value per year until the amortization is complete.
Amortization by time means that the full amortization figure is split according to the amortization period, for example 10,000 euro recorded as 1000 euro a year for ten years.

===Asset groups===
Asset groups enable you to group assets together in categories. For example you could create groups for buildings, company vehicles or IT equipment.

To create an asset group:

#Log into Openbravo ERP with an admin role.
#From the Application menu, select '''Financial Management > Assets > Asset Category'''.
#Click '''New'''.
#In the '''Name''' field, type the name of the asset group.
#In the '''Help/Comment''' field, type a brief comment about the asset category if required.
#Click '''Save'''.

===Setting up Assets===
To set up individual assets and record their value and amortization.

#Log into Openbravo ERP with an admin role.
#From the Application menu, select '''Financial Management > Assets > Asset Category'''.
#Click '''New'''.
#From the '''Organization''' list, select the organization that the asset belongs to. If the asset spans all organizations, select '''*'''.
#The '''Document Number''' field is populated automatically by the next available number, but you can edit it if a particular format is required.
#In the '''Search Key''' field, type a short expression to be used as a quick search term.
#In the '''Name''' field, type the name of the asset.
#In the '''Description''' field, type a brief description of the asset, if required.
#To make the asset visible and available for selection, select the '''Active''' checkbox. Clear the checkbox to deactivate the asset.
#If the asset is also a product (for example stock), select it from the '''Product''' list.
#If the asset belongs to an asset group, select the group from the '''Asset Category''' list.
#In the '''Quantity''' field, type the number of the asset that the company owns.
#If the asset is a product and has an attribute associated with it (for example size or color) click the '''Attribute Set Value''' selector and choose a value from the '''Attribute''' box.
# If the asset is amortized, select the '''Depreciate''' checkbox. The following options then become available:
#*Depreciation Type: Only linear amortization is available.
#*Calculate Type:
#*For depreciation by time, select whether the amortization takes place '''monthly''' or '''yearly''' and specify the '''Usable life of the product''' in months or years as appropriate.
#*Purchase Date: Type the date when the asset was purchase, or select it using the calendar tool.
#*Annual Depreciation %: If the asset is amortized by percentage, specify the percentage of the total purchase amount recorded each year.
#In the '''Purchase Date''' field, type or select the date on which the asset was purchased.
#From the '''Currency''' menu, select the
#In the '''Depreciation Start Date''' field type or select the date on which the amortization period begins.
#In the '''Asset value''' field, type the total current value of the asset.
#In the '''Depreciated value''' field type the value of the asset once the amortization process is complete.
#In the '''Depreciation Amount''' field, type the amount of the asset purchase value that you want to amortize. By default, the full purchase amount appears in the field, but to amortize less than the full value, edit the amount.
#Click '''Save'''.

== Asset Accounting ==
Accounting is automatically inherited from the defaults configured within the '''[Defaults]''' tab of the '''General Ledger Configuration''' window (using the Company Admin role). However, you can and should change it within the '''[Accounting]''' tab. See [#Accounting_0440468244762261 Accounting] section for more details.

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[[Category:Business Flows Configuration]]

Configure Asset Acquisition to Disposal - Revision history

Wikiadmin: Created page with "{{Languages}} {{Hierarchy_header}} Assets are everything of value that is owned by the company, for example equipment, vehicles, buildings and stock. In Openbravo ERP, you can..."