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Assets - Pooling

Pooling in Reportance does not work like most other systems where calculations for the pool are performed separate to the regular calculations for depreciation. Instead, Reportance calculates the depreciation on each asset, so that we can measure each assets contribution towards all the relevant pool balances and calculations. For this reason, Reportance allows you to continue working out Asset Group based totals even if some of those assets are in a pool.

Adding Assets to a Pool

The easiest way to add asset/s to a pool is to select the relevant assets on the main asset screen and click on Bulk Actions near the top right of the screen. In the drop-down menu click on 'Allocate to a Pool'. It is also possible to edit the depreciation method within the asset's edit screen.

From the dialogue screen you will then be able to choose the type of pool you want to add the assets to. By default the asset will be added for Taxation and Accounting purposes. To override this, click on the link between the two and uncheck the Accounting box. Then click on the Allocate Assets to Pool button.

Note: You can select a whole Asset Group to allocate to a pool even if some of those assets are already allocated, as Reportance will skip over those.

From the main Assets screen you are able to check which assets have not been allocated to a pool by clicking on the 'Show assets not allocated to a pool' checkbox.

Pool Balances

In the Pooling tab of the Assets screen, you can review the pool balances for the selected year.

Here, for each pool balance, for both taxation and accounting purposes, you can write off the balance of the pool (whether positive or negative).

Next article: Assets - Reports

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