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 ...
Sat, 7 Mar, 2020 at 3:09 AM
Video : Basics of Depreciation including General Pool
Watch this helpful Video about Basics of Depreciation including General Pool Related Article: Depreciation General Pool- Related to Business (ITR)
Wed, 22 Jul, 2020 at 8:32 AM
Accounting Depreciation & Tax Depreciation (Company Tax Return)
Maintain an accounting system and set of depreciation reports for the company. Process the depreciation journals into the company accounting system. Yo...
Sat, 7 Mar, 2020 at 2:49 AM
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 ...
Wed, 5 Aug, 2020 at 11:54 AM
Delete/Remove or Edit Asset and Asset Group
In Deleting or Editing an Asset, you have to Rollback Depreciation from the First Year/Date. Go to "Tools" and click "Depreciation page&...
Sat, 7 Mar, 2020 at 3:06 AM
Individual Tax Return Rental Property Low Value Pool
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, 6 Jul, 2020 at 10:13 AM
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
Depreciation: Profit on Sale / Recoupement
In some instances, a depreciable asset is sold for a value greater than the written down value and less than it's original cost. It will be necessary t...
Sat, 18 Jul, 2020 at 1:24 AM