PS Help: Client Accounting Help
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Transferring an asset to a pool

Australia only

You can transfer a single general asset to a low value pool or small business pool.

An asset can be transferred in the year of purchase or in a subsequent year. If you transfer the asset in the year of purchase, the value contributed to the pool is the cost price. If you roll the asset over to next year and then transfer, the rolled over general asset is converted to sold one and a new pool asset is created (the general asset in the previous year can’t be edited or sold).

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titleTo transfer an asset to a pool
  1. Open the Assets Listing page.
  1. See Opening an asset year.
  2. Select the asset that is to be transferred to pool.
  1. The row containing the asset must highlighted.

  2. Click Transfer to low value pool or Transfer to small business pool on the Tasks bar.

or

  1. OR
    You can select Functions > Transfer to low value pool or Transfer to small business pool on the right-click menu.

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    These options will be greyed out if the selected asset is already in a pool.

    A confirmation message displays.

  2. Click OK.
  1. The asset is transferred to the pool and the Assets Listing page is updated.
Related topics

Selling an asset

Reversing the sale of an asset

Deleting an asset

Editing an asset

Managing assets

Deleting a control group

Control group templates

Moving an asset to another control group

Australia only

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titleRelated topics
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Selling an asset

Reversing the sale of an asset

Deleting an asset

Editing an asset

Managing assets

Deleting a control group

Control group templates

Moving an asset to another control group

Australia only

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