Assets tab in Client Accounting

MYOB Assets is used to create, manage and monitor assets to produce depreciation rates for accounting and taxation purposes.

All the information displayed within the Assets tab is read only.

The Assets tab is divided into two main areas:

Select year

The available fields in the Select year section of the Assets tab are explained in the following table.

Field	Description
Year end	The year created for the asset register. Multiple years are listed in descending order (i.e., with future years at the beginning of the list followed by prior years). If MYOB Assets is in integrated mode and the asset year corresponds to the general ledger year, an asterisk (*) is displayed after the year.
Start date	The start date of the created year for the asset register.
End date	The end date of the created year for the asset register.
Migration status	The migration status for the selected year. If the asset register has not been migrated, then the Migration status field is blank.
Status	The status for the year is displayed: When a new year is created for the asset register, the status of the year is No transaction. When new assets are added or sold or transferred for the year, the status for the year is changed to In progress. The status is changed to Finalise when you close or lock a created year.

The available fields in the General ledger section of the Assets tab are explained in the following table.

Field	Description
General ledger status	The status of the general ledger depends on whether it is supported or not by MYOB Assets: If the configured general ledger is a supported general ledger, the general ledger name is displayed. If the general ledger has not been configured, then the status is displayed as Not configured. If the general ledger is not supported or none, then the status is displayed as Not supported.
Integration status	This field displays the integration status between MYOB Assets and the general ledger. The integration status is: Yes, if the configured general ledger is supported and the Integrate with the supported general ledger checkbox is selected in the Register settings window. No, if the configured general ledger is supported and the Integrate with supported general ledger checkbox is not selected in the Register settings window. No, if the general ledger is not supported. No, if the general ledger is not configured. No, if a general ledger is not available.
General ledger start date	The general ledger start date for the current year is taken from the configured and supported general ledger. If the general ledger is not supported or configured, this field is not displayed.
General ledger end date	The general ledger end date for the current year is taken from the configured and supported general ledger. If the general ledger is not supported or configured, this field is not displayed.