Every company small or big to perform their daily activities purchase Assets. Assets are nothing but the supportive products which helps to run your businesses for manufacturing industries it can be big or small machinery car, furniture and so on. Every year the values of these assets are reduced which is commonly known as depreciation.
Asset management in OpenERP helps your organization to manage your existing assets and to make efficient decision for acquiring new assets of your organization. Assets acquisition or buying requires strategic decision they cannot be purchase quickly especially big machinery. Therefore OpenERP assets management module helps you in handling the assets costing via various methods further you can omit the high maintenance cost every year. Assets management Module of OpenERP is fully (IFRS) International Financial Reporting Standards compliant