What it does

Manage the full lifecycle of your company's assets — from acquisition to depreciation to disposal — with accurate, automated journal entries at every step.

Key Features

Asset Classification

• Organize assets by nature: Tangible, Intangible, Finance Lease, Investment Property, Biological, Deferred Expense.
• Configure reusable Asset Categories with pre-set accounting rules so every new asset is recorded consistently.

Flexible Depreciation

• Three depreciation methods: Straight-line, Declining Balance, and Accelerated Declining Balance.
• Two scheduling modes: by a fixed number of periods, or up to a target end date.
• Pro-rata (daily) calculation for assets acquired or disposed of mid-period.
• Non-depreciable policy for assets held for capital appreciation.

Automation

• Automatically create assets when a vendor bill is posted — no duplicate data entry. When an invoice line has quantity greater than one, individual assets are created for each unit.
• Depreciation entries are generated and posted on schedule with no manual intervention.
• Adjust the remaining depreciation schedule at any time — change the number of periods or the end date, and the board recalculates instantly.

Revaluation & Impairment

• Record upward/downward revaluations and impairment losses directly on the asset.
• The remaining depreciation schedule recalculates automatically after each adjustment.

Disposal, Sale & Reclassification

• Dispose of or sell assets with one click — the module calculates residual value, posts the write-off entry, and optionally generates the sales invoice.
• Reclassify an asset to a different category (e.g. own-use property → investment property) with a proper reclassification journal entry.

Analytics & Reporting

• Assign analytic distributions to assets — cost is automatically distributed across analytic accounts on every depreciation entry.
• Built-in pivot and graph views for analyzing asset values, depreciation progress, and posted vs. unposted amounts.

Localization-Ready

• Built-in hooks allow country-specific modules to auto-map accounts, set default policies, and enforce local regulations.
• Works with l10n_vn_viin_account_asset for full compliance with Vietnamese accounting standards (Circular 99 and Circular 133).

Editions Supported

1. Community Edition