MYOB Exo Fixed Assets

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Year-End Rollover - Technical Process

The Fixed Assets Year-End Rollover should be performed at the end of the financial year. This process is associated with the Depreciation run. You would have depreciated your assets up to the year-end date and posted this to the General Ledger.

The Year-End Rollover is then run using the same year-end date. The system will not allow you to proceed if the Last Depreciation Date on each asset is not the same as the Year End Date. This process does not post anything to the GL, but performs the following updates to the database:

  • YR6_BOOKVAL is moved to YR7_BOOKVAL

  • YR5_BOOKVAL is moved to YR6_BOOKVAL

  • YR4_BOOKVAL is moved to YR5_BOOKVAL

  • YR3_BOOKVAL is moved to YR4_BOOKVAL

  • YR2_BOOKVAL is moved to YR3_BOOKVAL

  • DEPVALUE is moved to YR1_BOOKVAL

  • CURRENT_YR_DEP_START_BOOK is set to the year-end date (same as DEP_DATE)

  • YR6_TAXVAL is moved to YR7_TAXVAL

  • YR5_TAXVAL is moved to YR6_TAXVAL

  • YR4_TAXVAL is moved to YR5_TAXVAL

  • YR3_TAXVAL is moved to YR4_TAXVAL

  • YR2_TAXVAL is moved to YR3_TAXVAL

  • DEPTAXVALUE is moved to YR1_TAXVAL

  • CURRENT_YR_DEP_START_TAX is set to the year-end date (same as DEP_DATE)