Depreciation Tools

Settings - Depreciation
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
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 p...
Sat, 24 Jul, 2021 at 12:45 AM
Understanding the LodgeiT Depreciation Tools
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
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 show...
Wed, 29 Jun, 2022 at 12:38 PM
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 Po...
Tue, 24 May, 2022 at 9:02 AM
Temporary Full Expensing
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
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...
Tue, 28 Jun, 2022 at 12:30 PM
Moving an Asset from Plant & Equipment to the General Pool
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
Depreciation Example with Plant and Equipment for a Business
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
Small Business Immediate Write Off
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