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sharon_shea's avatar
sharon_shea
Contributing Cover User
5 years ago
Solved

MYOB Assets Small Business Pool is writing off assets over the instant asset threshold

The SB General Pool in MYOB Assets appears to be writing off, in full, an $88k asset purchased in October 2019 (before the threshold increased to $150k). Is there a way to have the normal SB General pool rates apply to this asset?

  • rohbrown's avatar
    rohbrown
    5 years ago

    If your Pool is <$150,000 as at 30 June 2020 the whole pool will write off

    Ope Bal + Purchases - Sales = <$150,000 will write off

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  • Mark_St's avatar
    Mark_St
    MYOB Staff
    5 years ago

    Hi Sharon,

     

    This is a display issue with the Small Business Pool schedule.

     

    The work around is to run the Full schedule, which will depeciate the Small Business Pool correctly.

  • sharon_shea's avatar
    sharon_shea
    Contributing Cover User
    5 years ago

    Thanks for your suggestion.  However it doesn't seem to be working? I've tried generating all the schedules listed but it still is depreciating the full amount. Is there anything else I could try?

  • rohbrown's avatar
    rohbrown
    Experienced Cover User
    5 years ago

    If your Pool is <$150,000 as at 30 June 2020 the whole pool will write off

    Ope Bal + Purchases - Sales = <$150,000 will write off

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