Forum Discussion

sharon_shea's avatar
sharon_shea
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 ...
  • rohbrown's avatar
    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