You can use the Transfer asset to low value poolform to transfer low cost and low value assets to a low value pool.

You can transfer assets to a low value pool from the Value modelsform, but you can only transfer low value pool assets into a low value pool using the Depreciation booksform.

For more information, see (AUS) Low value pool depreciation.

1. Click General ledger> Common Forms> Fixed Assets Details.

2. Select a fixed asset group.

3. Open one of the following forms:

   • Click Value modelsto open the Value modelsform.

   • Click Depreciation booksto open the Depreciation booksform.

4. Select a value model or depreciation book that contains one or more low cost or low value assets.

5. In the Value modelsor Depreciation booksform, click Functions> Transfer asset to low value poolto open the Transfer asset to low value poolform.

6. Select the asset number and the value model or depreciation book to transfer the low value asset to.

7. Select the transaction date or accept the default date.

8. Select the fixed asset journal that will be used to post the asset transfer to the low value pool transaction.

9. Select a low value pool type to identify the category for the asset.

10. Click OKto transfer the transactions to the fixed asset journal.