Assets Management - Low Value Asset
Low-Value Asset (LVA) are typically asset with low values and was booked as expense on vendor bill. In essence, the low value asset is not really and asset but an expense need to tracke as asset. As such, it has no residual value, run no depreciation. And when removed, only status is changed (no accounting entry).
To create low value asset, use the Asset Profile with following setting,
- Asset Account = Expense (low value asset)
- Number of Years = 0
auto_awesome What this module does
AI-generated from the code · Odoo 18.0Flags assets whose profile uses an expense account and zero years as Low Value Assets, so they carry no residual value, skip depreciation, and can be removed by simply changing their status without any accounting entry.
This module extends the Assets Management app to handle low-value assets: small purchases that were booked as expenses but still need to be tracked like assets.
An asset is automatically marked as a Low Value Asset when its asset profile uses an expense account and the number of years is zero. In that case a "Low Value Asset" checkbox appears on the asset form, next to the residual value field.
- Such assets always show a residual value of zero.
- When validated, they go straight to the Open state.
- When removed, a small pop-up asks only for the removal date; confirming it just changes the asset status to Removed, with no accounting entry.
On the asset list you can filter between "Normal Asset" and "Low Value Asset" using new filters in the search bar.
The module works on the account.asset model and its removal wizard account.asset.remove, and it depends on the Assets Management module.
Depends on
Required by other modules
Models and fields (2)
- account.asset · extends an existing modellow_value (Low Value Asset)
- account.asset.remove · extends an existing model
Text generated by AI (DeepSeek) from reading the Odoo 18.0 code on GitHub; it may contain mistakes, so check the code before deciding. View the code on GitHub
Availability by version
Reviewed: 2026-11-03Confirmation status: 4 confirmed, 5 with no information of 9 versions.
Sources · Odoo 14.0
Confirmed on 2026-11-03 in branch 14.0 of OCA/account-financial-tools.
terminal Installation and usage
No verified informationInstallation instructions, the distribution package, dependencies and configuration steps are not shown because they have not yet been verified in the module documentation for any version.
Data imported from GitHub: this sheet reflects the latest catalog review, not a live lookup. Always check the module documentation and staging before installing in production.