Lodgeit

According to ATO instruction https://www.ato.gov.au/forms-and-instructions/trust-tax-return-2023-instructions/instructions-to-complete-the-trust-tax-return/...

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...

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...

TABLE OF CONTENTS Depreciation from Lodgeit Tools Depreciation directly fill via Tax Forms Depreciation from Imported Financials Depreciation from ...

Scenario: The system is calculating the depreciation for building for 350 days to $4324 instead of $4312. The $4324 is the correct calculation. Calcu...

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...

Scenario: Motor Vehicle Total Expense doesn't calculate correctly.  Manual Calculation Total amount: $6,241 Lodgeit Calculation Total amount: $4,117 ...

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...

Issue: The Depreciation option is not visible under the Tools menu in Lodgeit. Reason: This typically occurs because the organisation’s settings currently ...

Case: When adding a car under the General Pool, there is no facility to apply the Car Cost Limit. Do we need to manually enter the car limit value? Answer:...