Transfer assets to the general pool

Article ID

ias-12119

Article Name

Transfer assets to the general pool

Created Date

13th October 2015

Product

IRIS Business Tax

Problem

How do I transfer assets to the general pool?

Resolution

For new assets users are required to: 1. From the Edit menu, select Capital Allowances, Option A – Maintain Assets. 2. Highlight the relevant asset and enable Include in pool. 3. Then click D recalc and the figures should then show in E and on the computation. For existing assets that show within Option C users are required to: 1. From the Edit menu, select Capital Allowances, Option C – Maintain. 2. Highlight the relevant asset and click change. 3. Enable Transfer to pool and click OK. 4. Go to E and enter in additions non aia/fya For b/fwd assets that you are entering on new clients user are required to: 1. Choose D recalc and in the brought forward boxes enter the relevant details. 2. Then choose E and the figures will show in the screen and on the computation.