Depreciation Tools

Multiple Rental Property
Question: I have a client with multiple rental property. How can I assign 1 asset to one particular rental property. Answer: You need to set-up separate gr...
Wed, 21 Aug, 2024 at 8:53 AM
Move Asset to General Pool with correct OAV
Question: I've set up a SBE General Pool for a client for the 2024 Financial year and have transferred the majority of the existing assets into this poo...
Thu, 3 Oct, 2024 at 11:53 AM
Depreciation "Primary Production" and "Non Primary Production"
TABLE OF CONTENTS Depreciation from LodgeiT Tools Depreciation directly fill via Tax Forms Depreciation from Imported Financials Depreciation from ...
Tue, 29 Apr, 2025 at 1:32 PM
Depreciation calculation during Leap Year
Scenario: The system is calculating the depreciation for building for 350 days to $4324 instead of $4312. The $4324 is the correct calculation. Calcu...
Tue, 10 Jun, 2025 at 12:54 PM
Depreciation SAP (Substituted Accounting Period)
LodgeiT’s depreciation tool does not support SAP, assets cannot be migrated to SAP tax return too. But there is a workaround. Set start and end date of tax...
Wed, 23 Apr, 2025 at 7:14 AM
D1: Motor Vehicle Split Expense/Deduction
Scenario: Motor Vehicle Total Expense doesn't calculate correctly.  Manual Calculation Total amount: $6,241 LodgeiT Calculation Total amount: $4,117 ...
Thu, 1 May, 2025 at 11:55 AM
How to Handle the Sale of a Partially Used Business Asset
This article explains why a capital gain is not automatically populated in the capital gain worksheet when selling an asset that was only partly used for ta...
Mon, 28 Jul, 2025 at 11:41 AM
How to Enable the Depreciation Option in Tools
Issue: The Depreciation option is not visible under the Tools menu in LodgeiT. Reason: This typically occurs because the organisation’s settings currently ...
Mon, 28 Jul, 2025 at 1:57 PM