David Hughes-Owens created OFBIZ-5542:
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Summary: Fixed Asset Management Functionality
Key: OFBIZ-5542
URL: https://issues.apache.org/jira/browse/OFBIZ-5542
Project: OFBiz
Issue Type: Improvement
Components: accounting
Affects Versions: SVN trunk
Reporter: David Hughes-Owens
I have started looking at the Ofbiz capabilities for managing fixed assets and
capital expenditure.
The functionality around adding asset records seems ok in terms of data
capture, but there does not appear to be any provision for creating background
accounting transactions.
For depreciation, there are only two methods available and both charge on an
annual basis, whereas we charge depreciation monthly. They also charge
depreciation in year of acquisition, whereas we do not charge in period of
acquisition but do in the period of disposal. There does not appear to be much
user-definable flexibility in the depreciation functionality. In addition there
does not appear to be a process for performing a mass depreciation run? It
appears to calculate each asset individually once acquisition date, expected
end of life and depn method are provided.
There does not appear to be any obvious option for the disposal of an asset. I
see an actual end of life date, but cannot see what effect this has? No
transactions are created when a date is added? Also how does profit/loss on
disposal get calculated and charged to P&L? I see there are separate mappings
for profit on disposal and loss on disposal, but where are the proceeds? and
how does it know whether a profit or loss is to be generated?
For transfers, I assume that transfers between departments within the same
company are handled by changing ownership or assignment, and future
depreciation charges would post to the new owner. However, what about transfers
between group companies? (i.e. different legal entities). An inter-company
transfer should initiate a disposal in one company and an addition to the other.
Finally, there is no reporting functionality at all currently. e.g. fixed asset
register, additons, depreciation reports etc..
I would be interested to hear your thoughts on the issues I have raised and if
there are any plans to address any of these points in the immediate future.
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