In a tax return in HandiTax, you can use the Pooling option within the Depreciation Worksheet.
Log in to HandiTax and select a client's tax return.
Go to the Depreciation Worksheet, then click Edit.
Enter 1, Low Value or 2 General Pool in the Pooling field.
Add each asset to the worksheet.
The minimum fields required for each asset are:
New Asset
Description
Total Cost
'N' type
Acq Date
Acq Cost
P/D
Existing Asset
Description
Total Cost
'E' type
Opening
P/D
Important: Once an asset is pooled, it loses its individual value. As such, a depreciation rate doesn't need to be entered against each asset, as it's based on the total pool rate.
You can enter the rate against each asset for record-keeping purposes.
