Effective Accounting Techniques
LodgeiT is designed to help you prepare tax forms, working papers & special purpose financial reports faster & more accurately. In order to help you...
Wed, 8 Jul, 2020 at 11:47 AM
Balance sheet provides a view of values of the entity at a point in time i.e. how much is in the bank or how much is owed to suppliers. Profit &...
Sat, 7 Aug, 2021 at 10:04 PM
Accrual accounting on the revenue side – you raise an invoice when the service or product is delivered, regardless of when the cash is collected. ...
Sat, 7 Aug, 2021 at 10:06 PM
It’s best to focus on balance sheet accounts first and ensure balances are correct. If they are, it’s more likely the overall accounting system is accurate...
Wed, 11 Aug, 2021 at 8:41 AM
Turn on tax depreciation via 4 little squares In such a situation, ATO demand that 6X = sum of Deduction for Certain Assets & Deduction for G...
Fri, 10 Feb, 2023 at 1:14 PM
In order to account for dividend payments, the dividend paid account in the source accounting system must have values reflective of the timeframes associat...
Wed, 8 Jul, 2020 at 11:54 AM
Please review this article - Options for Trust Beneficiary Loan Accounting BEFORE reading content below. Note: Both options can be used with Beneficiary l...
Wed, 21 Apr, 2021 at 8:39 AM
This video provides the following guide: Preparation of underlying accounts in respect of equity section Importing using LodgeiT smart Excel Utility (att...
Fri, 23 Apr, 2021 at 9:12 AM
Livestock report is stored in the tax form. It can be used as a working paper to compute average cost and closing inventory value. *Tap the image to enla...
Fri, 8 Oct, 2021 at 8:17 AM
There are two methods available for handling the accounting in the equity section of a set of accounts for a partnership. These options have implications fo...
Fri, 23 Apr, 2021 at 9:30 AM