Assets register is where all your assets are listed for a client. You can choose what columns are displayed asset register, calculation methods, etc. Changes you make to the asset register settings impact the depreciation calculation and entries generated for the current year. These changes flow through to later years.
You can go back to the previous years to make add or edit assets in that financial year. MYOB Practice will calculate the correct opening written down value for the subsequent years.
You can post the depreciation calculation entries as either Taxation or Accounting journals.
To choose which columns to display
Right-click the header row and select the columns you want to display.
Choose from:
Start date
Cost
O.W.D.V: opening written down value
Method & Rate
Dep expense: depreciation expense
C.W.D.V: closing written down value
Acquisition date
Disposal date
Location
Accumulated dep: accumulated depreciation
Value for dep: value for depreciation
Private use
Private use amount
Termination value
(AU) Assessable/Deductible
(NZ) Profit/Loss
Capital gain tax
(NZ) Number of months