What is asset live?
Assets Live is used to create, manage and monitor fixed assets to produce depreciation rates for taxation purposes. It is a desktop application that stores and accesses data in the cloud.
Why use Assets Live?
Multiple open periods
In Assets live, asset years are never "closed". What this means is that all asset years are open and any change you make to a prior year is reflected in each subsequent year. For example,
Post journals to workpapers
Calculate profit or loss and capital gains (AU) when you sell or dispose of an asset
All you need to access Assets live is an active internet connection and an MYOB login.