Understanding the LodgeiT Depreciation Tools
LodgeiT depreciation is primarily developed to solve for tax depreciation calculations. Depreciation calculated by LodgeiT is auto-injected into the tax forms.
If you want to include that depreciation in the financial statements, you'll need to do so via journal entry.
Click HERE to join Depreciation Workshop
LodgeiT automation is dependent on initial configuration conditions. Depreciation won't show up in the correct sectors of either tax forms or working papers if the setup is not handled correctly.
Initial Configurations for Setting up Depreciation Module - setting up depreciation module per client (date set-up)
Note: "Posting/processing depreciation (4:52)" function is unnecessary, it will auto fill the tax return.