Assets

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

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Need help getting started?

Check out our Assets workflow! We'll walk you through how to set up your assets register, and teach you the basics of managing an assets register in Assets.

The Assets tab in Client Accounting allows you to keep track of your client's fixed assets in an Assets register. It's a desktop application that stores and accesses data in the cloud.

You can use the Assets Live module on its own or integrated with Workpapers. Journals from the assets register post to the Workpaper period, which are then post to your configured general ledger.

How it works

For each client, you'll have one active asset register, but multiple open asset years. This means that when adding an asset into the register, the item appears in all later years until disposed.

This is great for future tax planning as you can calculate the for an asset for two years in advance.

All you need to access Assets is an active internet connection and an MYOB login.

Key Features

Function	Assets	AE Assets (MAS/Accounts)	AO GL Fixed Assets
Integrated with Workpapers
Supports multiple open years
Periodic asset reporting
Calculate private use
Low value / Small Business pooling (AU only)
Separate reports for Accounting and Taxation depreciation
Sell assets
Part-sell assets
Create sub-assets
Record additional expenditure (Second element costs) and incidental costs
Revaluation
Impairment Loss
Balancing Adjustment Offset
Calculate Profit/Loss and Capital Gain on sale
Can be used with AccountRight / Essentials ledgers

Related topics

About depreciation

Accessing an asset register

Getting started with Assets

Control groups

Asset years

Creating a new asset location

Creating an asset

Page tree

How it works

Key Features

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