Introducing
Managing company assets efficiently is essential for accurate accounting, transparency, and compliance. While Odoo previously offered a built-in Asset Management feature, it was deprecated in Odoo 12.0, leaving many companies searching for a reliable solution.
Although the Asset Management module still exists in the Odoo Enterprise version, it is missing in the Community edition, creating a significant functionality gap for many users.
To bridge this gap, we developed the SKIT Asset Management module, a modern, robust and user-friendly solution that brings back the full functionality of the original asset system for Community users, enhanced with additional capabilities and improved usability.
Why We Built This Module
When the core Asset Management feature, businesses struggled with:
* Tracking fixed assets manually
* Managing depreciations in spreadsheets
* Creating depreciation journal entries by hand
* Lack of automation for vendor bill-based asset creation
Our goal was simple:
Reintroduce a powerful, easy-to-use asset management system that fits seamlessly in community versions.
The SKIT Asset Management addon delivers exactly that: a complete asset lifecycle management tool built to support accountants, finance teams and small to large businesses.
Key Features
1. Complete Asset Lifecycle Management
Create, track and manage assets directly under
* Invoicing → Accounting → Assets.
2. Asset Types Configuration
Define different asset categories under
* Invoicing → Configuration → Asset Types.
3. Automatic Depreciation Computation
Once an asset is created, simply click Compute Depreciation.
The system automatically generates depreciation lines based on:
* Asset cost
* Useful life
* Depreciation type
* Residual value
4. Journal Entry Generation
The module automatically creates journal entries for depreciation lines.
Options include:
* Confirming individual depreciation entries via the circular icon
* Bulk generation using Generate Asset Entries (Developer mode)
5. Modify Depreciation Schedule
Need to change the depreciation count or value?
Use Modify Depreciation and the system will update:
* Remaining depreciation lines
* Residual amount
* Future schedule
Business Benefits
* Accurate Financial Reporting
* Time Savings & Reduced Manual Errors
* Improved Compliance
* Seamless Integration with Odoo
* Better Asset Visibility
Get the skit_asset_management module now on the Odoo App Store:
https://apps.odoo.com/apps/modules/13.0/skit_asset_management
Conclusion
The SKIT Asset Management module brings back the powerful fixed asset functionality that many businesses relied on in earlier Odoo versions. With automated depreciation, easy journal entry posting, vendor bill integration, and a smooth accounting workflow, this module is the perfect solution for companies that need accurate and efficient asset tracking.
If you're looking to streamline financial operations and maintain compliant, error-free asset records, the SKIT Asset Management addon is the ideal choice.