Set up pooled assets (AU) (MYOB Ledger)

https://help.myob.com/wiki/x/QRznAQ

Assets Live caters for two types of pooled assets:

Low value

Depreciating assets may be added to a low-value pool and depreciated at the relevant pool rate if they:

have GST credits or adjustment costs, or
have an adjustable opening value or written-down value of less than $20,000.

When assets are first added to the low-value pool, they are depreciated at the rate of:

18.75% for the current year
37.5% for following years.

These rates are used regardless of when you allocate the asset to the pool during the year.

Small business

If you are a small business entity with an aggregated turnover of less than $2 million, you can use simplified depreciation rules. The simplified depreciation rules are an alternative to the uniform capital allowances method of calculating depreciation. If you choose to use the simplified depreciation rules, you must apply them to all the assets that the rules apply to.

To set up a pool

On the TASKS bar, select Small business pool or Low value pool. The Small Business Pool Summary or Low Value Pool Summary window appears.
If you see a red dash, that means none of the accounts have been mapped. In order to submit journals back correctly, you need to first map these accounts
Map the relevant general ledger account codes for the pool.
1. If the general ledger is not integrated, enter the general ledger account code and name for each relevant account. These details will appear in the Journal summary report.
2. If the general ledger is integrated, select the magnifying glass and search for the account you want to map it to. You can search by account code or account name.
  When you have mapped an account to the ledger, you'll see a green tick.
Create the pool asset using the Create New Asset Wizard.