Forum Discussion

Contributing Cover User

4 years ago

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
4 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

Mark_St
MYOB Staff
4 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
  Contributing Cover User
  4 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
    Experienced Cover User
    4 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