Question: I've set up a SBE General Pool for a client for the 2024 Financial year and have transferred the majority of the existing assets into this pool. The issue, all of the opening values of the assets are what is listed in LodgeiT at 1/7/22, rather than 1/7/23. How do we fix this?
Answer: 2 workarounds,
a. Do not use "Move to Pool" feature and manually recreate/add the new asset directly in the general pool asset group ,as now it requires posting depreciation to reflect the correct depreciation balances in the Depreciation Report.
b. Post depreciation to 31 Jul 2024. It will resolve the OAV and accumulated depreciation of pooled assets.
