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2015 Small Business (SB) General Pool Closing Balance Calculation

This support note applies to:

  • AE Assets (AU)
Article ID: 37434

In MYOB Accountants Enterprise (AE) Assets 2.4.3 and above, the Small Business (SB) General Pool Closing Balance may be written off if it is under the specified balance. 

After taking into account any additions and disposals but before calculating any deduction, if the balance of the 2015, 2016 or 2017 SB General Pool is above $20000, the system calculates Decline In Value (DIV) on the pool and calculates the closing pool balance. Where this balance is under $20000, the system calculates the DIV as being 100% of the pool balance.

The immediate write off test in both situations occurs before DIV is deducted and not on the closing balance after DIV is deducted.

Example 1

Opening SB Pool Balance23500
Balance (before DIV)24000
Total DIV(7350)
Pool Balance16650


Example 2

Opening SB Pool Balance21000


Balance (before DIV)18000
Total DIV
Pool Balance0
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