MYOB Assets Live is a desktop application that stores and accesses data in the cloud. It is included as a module of MYOB Client Accounting. An internet connection is required to use MYOB Assets Live. It can be used in non-integrated or integrated mode with a general ledger.

The beta version of MYOB Assets Live enables you to manage an asset register for taxation purposes only.

The key functions of the beta version of MYOB Assets Live are:

• multi-year support

• add and edit assets

• list all assets that are held or sold for a client

• group assets into categories

• calculate depreciation for taxation purposes

• include private use percentages

• calculate the profit / loss / capital gains on the sale of an asset

• generates Tax schedule and Journal summary reports, and a low value and small business pool schedule

• calculates depreciation for assets in a low value or small business pool

• can only be used with clients (not contacts or suppliers) that are either open or closed.