Depreciation Tools

Settings - Depreciation
Understanding the LodgeiT Depreciation Tools LodgeiT depreciation is primarily developed to solve for tax depreciation calculations. Depreciation calculate...
Wed, 30 Aug, 2023 at 9:20 AM
Understanding our MAJOR 2024 Year Depreciation System Update
Going forward, we are moving tax depreciation into the tax forms (Currently ITR Only) Now, you add assets and update assets directly to the respectiv...
Sat, 13 Jul, 2024 at 10:01 PM
Migrate Tax Depreciation into Tax Returns
This feature is currently available only for individuals. Released date:  June 2024 You can generate and print the tax depreciation report for asse...
Fri, 12 Jul, 2024 at 3:26 PM
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...
Sat, 24 Jul, 2021 at 12:45 AM
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...
Wed, 16 Aug, 2023 at 1:10 PM
Fixing Depreciation Start Date
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 shows...
Wed, 29 Jun, 2022 at 12:38 PM
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
Temporary Full Expensing
This video includes the understanding temporary full expensing with respect to Small Business Entities (Less than $10,000,000 turnover) using a company stru...
Tue, 31 Jan, 2023 at 11:16 AM
Using the General Pool Method
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...
Fri, 26 May, 2023 at 8:58 AM