Small Business Pool incorrectly displays Opening value instead of the Cost limit for a Motor Vehicle in Assets

This support note applies to:

• AE Assets Live (AU)
• AO Assets Live (AU)

In MYOB Assets when adding a Motor Vehicle asset to a Small Business Pool with an Opening Written Down Value (OWDV) greater than the cost limit, the Pool contribution (Taxable value) of the asset displays as the OWDV, rather than the cost limit.

To display the correct pool contribution amount, enter the cost limit amount in the Opening Written Down Value field.

We've addressed this issue in Client Accounting version 5.4.25. To download the latest release, head to the my.MYOB Product Downloads page, Australia.