Depreciation Tools

Settings - Depreciation
General Depreciation. If you plan on using the LodgeiT Depreciation Module be sure to set up date, In this example you are completing a return for 30 June 2...
Tue, 6 Oct, 2020 at 7:17 AM
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 ta...
Mon, 5 Oct, 2020 at 9:10 AM
Video : Basics of Depreciation including General Pool
Watch this helpful Video about Basics of Depreciation including General Pool Click here to see Depreciation FAQ's Related Article: Depreciation ...
Mon, 5 Oct, 2020 at 9:18 AM
Accounting Depreciation & Tax Depreciation - Company Tax Return (CTR)
Maintain an accounting system and set of depreciation reports for the company. Process the depreciation journals into the company accounting system. Yo...
Mon, 7 Sep, 2020 at 12:59 PM
Add a New Depreciation Group
Be sure to set this up correctly. If in doubt, please send request to LodgeiT support. Set up for "Motor Vehicle - Business/Non Business Can be ...
Mon, 5 Oct, 2020 at 9:19 AM
Rolling back (edit/delete) Asset and Asset Group
User DO NOT need to rollback - If ASSET purchase date later than the latest date depreciation was posted, user will be able to edit it without rollingback ...
Fri, 11 Sep, 2020 at 10:09 AM
Rental Property Low Value Pool - Individual Tax Return (ITR)
The video provides the guide on: Setting-up a low value pool from a rental properties using LodgeiT depreciation module. Creating individual tax return t...
Mon, 7 Sep, 2020 at 12:49 PM
Depreciation > Luxury Car Limit
Current work-around for the value above the luxury limit is to segregate the values and have a part of the value with zero state.
Sat, 7 Mar, 2020 at 3:07 AM
Immediate write off
Steps to create Immediate write off in Asset groups. 1. Click Tools and Select Depreciation. 2. In Depreciation window, Click Add button. ...
Sat, 7 Mar, 2020 at 3:08 AM
Depreciating Assets Groups & Classes
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 P...
Sat, 7 Mar, 2020 at 3:07 AM