Depreciation Tools
LodgeiT automation is dependent on initial configuration conditions. Depreciation won't show up in the correct sectors of either tax forms or working p...
Fri, 17 Jun, 2022 at 11:38 AM
LodgeiT automation is dependent on initial configuration conditions. Depreciation won't show up in the correct sectors of either tax forms or working p...
Sat, 24 Jul, 2021 at 12:45 AM
Note that LodgeiT depreciation is primarily developed to solve for tax depreciation calculations. Depreciation calculated by LodgeiT is auto-injected into t...
Wed, 29 Jun, 2022 at 12:42 PM
If you set-up your depreciation module with the wrong start date, it's necessary to remove the asset groups and assets and start again. This video show...
Wed, 29 Jun, 2022 at 12:38 PM
Be sure to use the appropriate group and class when adding your assets. If you are classified as a small business entity, then we suggest you use General Po...
Tue, 24 May, 2022 at 9:02 AM
Temporary Full Expensing came into being over COVID to encourage capital investment and is now the de facto method for securing accelerated depreciation by ...
Mon, 27 Jun, 2022 at 3:58 PM
The General Pool method was popular up until 2021 financial year when per the ATO ruling, the pool value should be written off. This example also demonstra...
Tue, 28 Jun, 2022 at 12:30 PM
If you decide to move to reporting as a Small Business Entity for tax purposes and have assets in regualr Prime Cost or Diminishing Value depreciation metho...
Tue, 28 Jun, 2022 at 12:34 PM
This demonstration uses a company, but will apply equally to a trust, partnership or even sole trader. Includes - Basic settings including creating a de...
Wed, 29 Jun, 2022 at 12:41 PM
A popular method for taking advantage of accelerated depreciation for Small Business Entities is the SBE Immediate Write Off method.
Tue, 28 Jun, 2022 at 12:41 PM