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Read more abour "Rollback/Delete Asset" rules, here If you set-up your depreciation module with the wrong start date, it's necessary to remov...

Be sure to use the appropriate group and categorise when adding your assets. If you are classified as a small business entity, then we suggest you use Gener...

This video includes the understanding temporary full expensing with respect to Small Business Entities (Less than $10,000,000 turnover) using a company stru...

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...

This demonstration uses a company, but will apply equally to a trust, partnership or even sole trader. Includes -  Basic settings including creating a de...

Note: For FY2025 and FY2026, assets under $20,000 qualify for an immediate write-off. Assets costing $20,000 or more must be placed in the general pool a...

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...

We are sharing 3 tables summarising all the 2020 to 2022 business stimulus incentives available for plant & equipment purchases for small, medium and la...

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...

Auto filling of depreciation in tax return can turn off via client's "Settings > Depreciation",  and tick "Organisation uses an extern...