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Makes sense. Thanks Alysha.

Can anyone comment on this?

Hi Alysha, that's exactly how mine have been set up so thanks for the confirmation. Two questions for you: 1. What would you use the "Other" asset account/s for? 2. If you developed one of the Investment properties yourself, would you break the figure down further such as: Account...

Yes, I think my accountant copied the figures from my depreciation report and directly entered them into their own system and provided a new print out (showing the same thing but in a different format). They have also amended my MYOB file so it matches the figures on their balance sheet, as you...

Hi Minxdamanx, thanks for the suggestion of using MYOB's help function. It was a big help. I typed in Depreciation and got this: Using General Journal entries to record depreciation Your company's vehicles and equipment normally lose value each year. Part of the lost value of vehicles and...

There's been a lot of views to this thread but no responses. Does anyone else use MYOB? Maybe the "Accum Depreciation" and "Accum Capital Works" accounts would be Liability accounts.

Hello any MYOB gurus out there. I'm playing around with MYOB at the moment and after reading through some of the older MYOB-related posts on this forum I have a few questions. If I were to record 'Capital Works', 'Depreciation' and 'Low Value Pool' as expense accounts on MYOB and make a...