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Re: Can Odoo create asset on Stock IN, instead on Invoice Post?

Re: Can Odoo create asset on Stock IN, instead on Invoice Post?

Re: Can Odoo create asset on Stock IN, instead on Invoice Post?

Hi Kitti

IMHO this is a legal issue. According to my knowledge, activating (in the balance sheet) and deprecating an asset requires legal ownership. Receiving an asset only creates possession, but not necessarily ownership.

Best, trevi

On Wed, 2020-02-12 at 06:37 +0000, Kitti Upariphutthiphong wrote:
Hi community,

As we know, about Asset in Odoo. Normally, asset is created when Invoice is posted.

AFIK, other ERP system will create asset on Stock In. Which make more sense to me. What is your opinion about this?

Are there OCA modules that did that?

Thank you!

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Ermin Trevisan
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T: +41 41 758 1515
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by Ermin Trevisan - 09:15 - 13 Feb 2020

Reference

  • Can Odoo create asset on Stock IN, instead on Invoice Post?
    Hi community,

    As we know, about Asset in Odoo. Normally, asset is created when Invoice is posted.

    AFIK, other ERP system will create asset on Stock In. Which make more sense to me. What is your opinion about this?

    Are there OCA modules that did that?

    Thank you!
    by Kitti Upariphutthiphong - 07:36 - 12 Feb 2020

    4 replies 4 replies

    • Re: Can Odoo create asset on Stock IN, instead on Invoice Post?
      Hi,

      Ownership is in no way a legal issue for recognition of assets, plenty of businesses have assets on their balance sheet they do not own and conversely things that appear to be assets not on their balance sheet they do own.  

      Ownership, legal or otherwise, is merely a piece of evidence to demonstrate control of an asset under IFRS. The test is control and expected (meaning probable) future economic benefits. Add to that you must be able to reliably value it and that is essentially the criteria under IFRS.  The trick is in the last part, you need to be able to reliably value it and big assets are rarely initially valued at the sticker price.

      Leases and time limited quotas are a classic example of a depreciable asset without ownership. There are plenty of others. 

      And the obvious counterpoint to legality, when you receipt stock in you create an inventory asset don't you? In fact you create even though there commonly is a specific clause in your suppliers credit terms stating that title does not pass until the goods are paid for. So not only do you not own it, someone else is asserting ownership yet they no longer recognise it as an asset, but you do.

      On Thu, Feb 13, 2020 at 9:17 PM Ermin Trevisan <trevi@twanda.com> wrote:
      Hi Kitti

      IMHO this is a legal issue. According to my knowledge, activating (in the balance sheet) and deprecating an asset requires legal ownership. Receiving an asset only creates possession, but not necessarily ownership.

      Best, trevi

      On Wed, 2020-02-12 at 06:37 +0000, Kitti Upariphutthiphong wrote:
      Hi community,

      As we know, about Asset in Odoo. Normally, asset is created when Invoice is posted.

      AFIK, other ERP system will create asset on Stock In. Which make more sense to me. What is your opinion about this?

      Are there OCA modules that did that?

      Thank you!

      _______________________________________________
      Mailing-List: https://odoo-community.org/groups/contributors-15
      Post to: mailto:contributors@odoo-community.org
      Unsubscribe: https://odoo-community.org/groups?unsubscribe

      --
      twanda AG
      Ermin Trevisan
      Artherstrasse 19
      CH-6318 Walchwil

      T: +41 41 758 1515
      M: +41 79 208 7373
      E: trevi@twanda.com
      www.twanda.ch

      _______________________________________________
      Mailing-List: https://odoo-community.org/groups/contributors-15
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      by Graeme Gellatly - 04:00 - 16 Feb 2020
    • Re: Can Odoo create asset on Stock IN, instead on Invoice Post?
      Hi Kitti

      IMHO this is a legal issue. According to my knowledge, activating (in the balance sheet) and deprecating an asset requires legal ownership. Receiving an asset only creates possession, but not necessarily ownership.

      Best, trevi

      On Wed, 2020-02-12 at 06:37 +0000, Kitti Upariphutthiphong wrote:
      Hi community,

      As we know, about Asset in Odoo. Normally, asset is created when Invoice is posted.

      AFIK, other ERP system will create asset on Stock In. Which make more sense to me. What is your opinion about this?

      Are there OCA modules that did that?

      Thank you!

      _______________________________________________
      Mailing-List: https://odoo-community.org/groups/contributors-15
      Post to: mailto:contributors@odoo-community.org
      Unsubscribe: https://odoo-community.org/groups?unsubscribe

      --
      twanda AG
      Ermin Trevisan
      Artherstrasse 19
      CH-6318 Walchwil

      T: +41 41 758 1515
      M: +41 79 208 7373
      E: trevi@twanda.com
      www.twanda.ch
      by Ermin Trevisan - 09:15 - 13 Feb 2020
    • Re: Can Odoo create asset on Stock IN, instead on Invoice Post?
      Thank you Dominique,

      Thanks for the concise answer. Make sense to me ;)

      On Wed, Feb 12, 2020, 2:07 PM Dominique k <dominique.k@elico-corp.com.sg> wrote:
      my 2 cents:

      In general, I would say that odoo warehouse is for "Operations", such as trading, or logistic services. The warehouse module is not well suited for asset management, hence, creating a "financial asset" (meaning a depreciation board) from the incoming shipment does not seem a good idea:
      - if the business has genuine inventory, mixing asset with inventory items is a bit messy/chaotic
      - if the business does not use the inventory module (e.g. service company), then installing the warehouse module is an overkill

      Regards,


      On Wed, 12 Feb 2020 at 14:37, Kitti Upariphutthiphong <kittiu@ecosoft.co.th> wrote:
      Hi community,

      As we know, about Asset in Odoo. Normally, asset is created when Invoice is posted.

      AFIK, other ERP system will create asset on Stock In. Which make more sense to me. What is your opinion about this?

      Are there OCA modules that did that?

      Thank you!

      _______________________________________________
      Mailing-List: https://odoo-community.org/groups/contributors-15
      Post to: mailto:contributors@odoo-community.org
      Unsubscribe: https://odoo-community.org/groups?unsubscribe

      _______________________________________________
      Mailing-List: https://odoo-community.org/groups/contributors-15
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      by Kitti Upariphutthiphong - 01:51 - 12 Feb 2020
    • Re: Can Odoo create asset on Stock IN, instead on Invoice Post?
      my 2 cents:

      In general, I would say that odoo warehouse is for "Operations", such as trading, or logistic services. The warehouse module is not well suited for asset management, hence, creating a "financial asset" (meaning a depreciation board) from the incoming shipment does not seem a good idea:
      - if the business has genuine inventory, mixing asset with inventory items is a bit messy/chaotic
      - if the business does not use the inventory module (e.g. service company), then installing the warehouse module is an overkill

      Regards,


      On Wed, 12 Feb 2020 at 14:37, Kitti Upariphutthiphong <kittiu@ecosoft.co.th> wrote:
      Hi community,

      As we know, about Asset in Odoo. Normally, asset is created when Invoice is posted.

      AFIK, other ERP system will create asset on Stock In. Which make more sense to me. What is your opinion about this?

      Are there OCA modules that did that?

      Thank you!

      _______________________________________________
      Mailing-List: https://odoo-community.org/groups/contributors-15
      Post to: mailto:contributors@odoo-community.org
      Unsubscribe: https://odoo-community.org/groups?unsubscribe

      by dominique.k - 08:06 - 12 Feb 2020