Depreciation Tools

Settings - Depreciation
For Individual Tax Return, please refer to this guide Migrate Tax Depreciation into Tax Returns Understanding the LodgeiT Depreciation Tools LodgeiT de...
Thu, 1 Aug, 2024 at 10:07 AM
ATO Guide to Depreciation
This ATO document provides significant detail with respect to tax depreciation methods and rules.
Fri, 2 Aug, 2024 at 12:44 PM
Depreciation FAQ's
What's the difference between accounting depreciation and tax depreciation? There is a concept of accounting depreciation and there is a concept of tax...
Mon, 23 Oct, 2023 at 1:42 PM
Understanding our MAJOR 2024 Year Depreciation System Update
Currently, This is for Individual Tax Return only.  Going forward, we are moving tax depreciation into the tax forms (Currently ITR Only) Now, you add ...
Fri, 2 Aug, 2024 at 10:31 AM
Migrate Tax Depreciation into Tax Returns
This feature is currently available only for individuals. Released date:  June 2024 Old Method (Tools > Depreciation) You can generate and prin...
Thu, 1 Aug, 2024 at 10:56 AM
Adding Asset in Individual Tax Return (ITR) 2020 Onward
Fri, 12 Jul, 2024 at 3:03 PM
Initial Configurations for Setting up Depreciation Module
LodgeiT automation is dependent on initial configuration conditions. Depreciation won't show up in the correct sectors of either tax forms or working pa...
Fri, 2 Aug, 2024 at 12:19 PM
"Depreciation Report" for a Rental Property
Depreciation is one of the biggest tax deductions available to a  property investor and has the potential to boost your cash return. You will need an expert...
Fri, 2 Aug, 2024 at 12:32 PM
Fixing Depreciation Start Date
Read more abour "Rollback/Delete Asset" rules, here If you set-up your depreciation module with the wrong start date, it's necessary to remov...
Wed, 30 Oct, 2024 at 8:01 AM
Depreciating Assets Groups & Classes
Be sure to use the appropriate group and categorise when adding your assets. If you are classified as a small business entity, then we suggest you use Gener...
Fri, 13 Jan, 2023 at 11:22 AM