Australia only
You can view a summary of the taxation values of all the assets in a low value pool. From the Low value pool summary window you can also map and edit the general ledger accounts for the low value pool.
To map a general ledger account to a low value pool
- Open the Assets Listing page. See Opening an asset year.
- Click Low value pool on the TASKS bar. The Low value pool summary window for the asset year opens.
- 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.
- If the general ledger is integrated, click the magnifying glass icon associated with the selected integrated account. The Find Chart of Accounts window opens from where you can search for the account or press [F9]. See Searching accounts (Control groups).
- You can search, filter and/or sort the Chart of Accounts. The default sorting in the Find Charts of Accounts window is in ascending account code order. Click on a column header to change the sorting on that column in ascending or descending order.
- Select the account and click OK.
Alternatively, double-click the selected general ledger account in the Find Charts of Accounts window to automatically fill the appropriate field in the Low value pool summary window.
- Repeat the above step to add or change another integrated account, as required.
- Click Close.
To view the low value pool summary
- Open the Assets Listing page. See Opening an asset year.
- Click Low value pool on the TASKS bar. The Low value pool summary window for the asset year opens. Most of the information in this window is read only.
- Click Close.
