Implementation of an Asset Management System Using the Straight-Line Method of Depreciation Based on Odoo 14 CE at PT Forecastle Indonesia

Abstract

The purpose of this research is to implement an asset management system based on Odoo 14 Community Edition (CE) using a straight-line method at PT Forecastle Indonesia. Only the straight-line method is chosen as it gives the simple and efficient way to compute the depreciation of the asset over the useful life. Odoo 14 CE is selected for its rich features for asset management for tracking, depreciation calculation, maintenance, and reporting capabilities built in. The study consists of an analysis of the company needs, design based on straight-line method, Odoo 14 CE configuration, and observation and evaluates the implementation results. Key Outcomes: Increased efficiency in managing assets, accurate depredation tracking, reduced manual errors, better inter- department integration. The system is also expected to help prepare reports on assets-financial relations. We will then assess the implementation outputs against improvements in asset management efficiency and effectiveness (e.g. asset condition monitoring, maintenance costs management per asset, asset value tracking). The study will benefit the company by improving its operational and financial performance.