Depreciation Tools

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
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. First Step is to...
Thu, 17 Oct, 2024 at 1:29 PM
Non SBE Method Depreciation
This demonstration uses a company and shows how to handle the reporting of depreciation in both the financial statements and the tax form. Includes -  Se...
Wed, 29 Jun, 2022 at 12:43 PM
Depreciation Rules (2019-21)
We are sharing 3 tables summarising all the 2020 to 2022 business stimulus incentives available for plant & equipment purchases for small, medium and la...
Sat, 4 Sep, 2021 at 10:07 PM
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 rollingba...
Wed, 30 Oct, 2024 at 7:55 AM
How to deactivate depreciation?
Auto filling of depreciation in tax return can turn off via client's "Settings > Depreciation",  and tick "Organisation uses an extern...
Wed, 17 Mar, 2021 at 8:08 AM
How to reset depreciation start date
In the case where you setup a depreciation module and inadvertently get the start date incorrect.
Thu, 15 Jul, 2021 at 10:29 PM
How to dispose an asset
Asset disposal can be accomplished through A. Via LodgeiT "Tools" B. Directly to Tax Form A. Via LodgeiT "Tools" Press "To...
Fri, 2 Aug, 2024 at 12:54 PM