Client has existing asset under "Plant and Equipment" and they want to close out the depreciation for the current year.


Move/transfer the asset from "Plant and Equipment" to "General Pool"

Step 1: Create a new “Asset Group” with “Type – General Pool”

Note: "Opening Balance date" should match the date that you've set up via Settings > Depreciation 

Step 2: Navigate to existing “Group Asset” Plant and Equipment, then, open each asset and edit -

Step 3: Scroll down to “Move to Pool” select from the dropdown and choose “General Pool”.

Make sure that “Pooled Date” is same as the opening date - “depreciation date” from “Settings > Depreciation”

i.e. for 2020 form, “Depreciation date/opening date” should be set as 01 July 2019.