Migrating data

You are only able to migrate data into a newly created MYOB Assets register. The Migrate data option on the TASKS bar is only available when creating a new asset register in MYOB Assets.

For AO GL, (New Zealand) AE AMS, and (Australia) Assets 2.4, if there are any journals posted in the migrated ledger, you may see duplicated journals posted if you resubmit journals via MYOB Assets. A warning message will be logged in Migration Log.
(New Zealand) For AE AMS, if there are any pooled assets, they will be migrated as general assets and will be depreciated individually.

MYOB Assets enables you to migrate:

MYOB AE Assets 2.4 data (Australia only)

You are only able to migrate data from your AE Assets register to MYOB Assets on an individual client basis.

Restrictions and conditions for migration

You can only migrate AE Assets data into a newly created MYOB Assets asset register. That is, you cannot migrate AE Assets data into an existing MYOB Assets register which already contains data.
Data can only be migrated from the year end 2013 or later.

What type of data can be migrated

Small business pooled assets, low value pooled assets and non-pooled or general assets.
Taxation data and accounting data.
Integrated and non-integrated assets.
Association types—only location is supported for migration.

However, other association types like Asset type, Cost centre and Supplier data will be migrated to the Notes section of the asset in MYOB Assets.

What data and fields will not be migrated

Control asset
Part Sell
Impairment loss
Balancing adjustment offset
Additional depreciable expenditure
Private Use Balance Sheet Account Code (this value needs to be manually added after migration).

What features are not included in migration

Revalue
Allocate and Deallocate.

For Assets 2.4 and AO GL, if there are any journals posted in the migrated ledger, you may see duplicated journals posted if you resubmit journals via MYOB Assets. A warning message will be logged in Migration Log.

For more information on missing features during migration, see Handling special transactions .

What if...

A client has an asset register with a single invalid asset?
This will still be migrated to Assets.

A client has a sub asset created under a Control asset?
The sub asset will be migrated as general asset.

MYOB AE AMS (New Zealand only)

You are only able to migrate data from your MYOB AE AMS asset register to MYOB Asset on an individual client basis.

Restrictions and conditions for migration

You can only migrate MYOB AE AMS data into a newly created MYOB Assets asset register. That is, you cannot migrate MYOB AE AMS data into an existing MYOB Assets asset register which already contains data.
Data can only be migrated from the year end 2013 or later.
Data can only be migrated from the beginning of a year period.

What type of data can be migrated

General assets.
Taxation data and accounting data.
Integrated assets.
Location, serial number, units, premium due date and insured value are supported for migration.

What type of data will not be migrated

Control asset
Part Sell
Depreciation Limit
Capital Gain %

The following depreciation methods are not supported in MYOB Assets, and will be migrated as Straight Line with 0% depreciation rate:

Replacement
Units of usage
Incidental costs.

What features are not included in migration

Revalue.

For AE AMS, if there are any journals posted in the migrated ledger, you may see duplicated journals posted if you resubmit journals via MYOB Assets. A warning message will be logged in Migration Log.

If there are any pooled assets in AE AMS, these will be migrated as general assets and depreciated individually. A warning message for this action will be logged for all AE AMS migrations (even if there aren’t any pooled assets).

For more information on missing features during migration, see Handling special transactions.

What if

A client has an asset register with a single invalid asset?
This will still be migrated to Assets.

A client has a sub asset created under a Control asset?
The sub asset will be migrated as a general asset.

A client has an asset register with a leased asset?
The asset will be migrated as a general asset with Diminishing value and Depreciation rate 0%, and a message is logged for this action.

A client has assets with different depreciation rate year % values?
The rate year 2+% will be migrated. A warning message will also be logged.

A client has a pooled control group with assets?

The pooled assets will be migrated as general assets and depreciated individually. A warning message will also be logged.

MYOB AO Classic data

You are only able to migrate data from your MYOB AO Classic Fixed Assets register to MYOB Asset on an individual client basis.

Restrictions and conditions for migration

You can only migrate MYOB AO Classic data into a newly created MYOB Assets asset register. That is, you cannot migrate MYOB AO Classic data into an existing MYOB Assets asset register which already contains data.
Data can only be migrated from the year end 2013 or later.
Data can only be migrated if it has been rolled over and finalised for the year.
Inactive transactions and assets without a purchase date aren't migrated
(Australia) All the small business pooled assets from MYOB AO Classic are linked to a temporary control group called Small Business Pool in MYOB Assets.
(Australia) All the low value pooled assets from MYOB AO Classic are linked to a temporary control group called Low Value Pool in MYOB Assets Inactive transactions.
(Australia) MYOB AO Classic assets which have been classified as low value pooled assets will only be migrated as low value pooled assets to MYOB Assets, if the depreciation rate has been defined as 37.5%. If the depreciation rate is not 37.5%, then these assets will be migrated as small business pooled assets.

(Australia) If you want to migrate MYOB AO Classic low value pooled assets to MYOB Assets , ensure that depreciation rate for these assets is set to 37.5%.
General assets that are not originally part of a control group in MYOB AO Classic will be placed in a temporary control group when migrated to MYOB Assets .
(Australia) Assets that are not part of a small business pool, but appear as if they should be, are placed in a temporary small business pool control group when migrated to MYOB Assets .
(New Zealand) Assets with Straight Line (years) having residual value will be migrated under Accounting in MYOB Assets . Straight Line method under Taxation in MYOB Assets does not support residual value.

What type of data can be migrated

(Australia) Small business and low value pooled assets and non-pooled or general assets.
(New Zealand) General assets.
Assets that have been linked to unidentified pools.

What data and fields will not be migrated

Inactive transactions
Assets without a purchase date.

What if...

A client has a blank assets register?
The migration to MYOB Assets will fail.

A client has an assets register with a single invalid asset?
This will still be migrated to MYOB Assets.

Client data has a singular asset entry?
The data is migrated as an orphan and linked to a temporary control group.

Client data does not include groups, headers, defaults or totals and only includes assets?
The data is migrated to MYOB Assets. The assets are linked to a temporary control group.

Client data contains a large range of used depreciation rates, where the method is diminishing value and groups exist?
The data is imported as general assets.

The asset has straight line depreciation with residual value?
Data will be migrated with residual value under Accounting, but not under Taxation.