Creating a pooled asset within AO Classic Fixed Assets
This support note applies to:
- AO Classic General Ledger (AU)
In MYOB Accountants Office Classic (AO Classic) when creating pooled assets the following must be created:
- A Heading account: This stores all of the default settings such as posting accounts and depreciation rates and methods.
- A Pool asset item: This asset is classed as a Group category. In the creation of the Group category, the system will automatically generate a Consolidated Sold Assets asset item.
- A Total item: This is designed to sum the value of all of the assets from the header account to the total line. Assets are then linked to the Group category, and when printing the depreciation report, the pooled group appears as a single value.