Forum Discussion

rohbrown's avatar
rohbrown
Experienced Cover User
6 years ago

Asset pools going negative during year

When entering sale of pooled assets, if the pool balance goes negative, this pool balance is carried forward to next year and then negative depreciation is calculated. Can this please be fixed in the...
Mark_St's avatar
Mark_St
MYOB Staff
6 years ago

This is by design.

 

The lowest the pool balance can go is to zero.

 

The remainder of the balance is journaled as the profit on sale of the pool.

 

 

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

    Hi,

     

    We have further confirmed the issue we are having is where we are converting MAS/AST to AE Ledger Assets. In that case the converted ledger is coming over as a negative and then calculating

    • Mark_St's avatar
      Mark_St
      MYOB Staff
      6 years ago

      Hi,

       

      The AST ledger is allowing the pool to have a negative balance.

       

      The change to the pool balance to zero needs to be made before it is migrated.

       

      When you migrate it to AE Ledger, it is not possible to make the change for the negative pool balance.

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