Lodgeit

Lodgeit is designed to help you prepare tax forms, working papers & financial reports faster & more accurately. In order to help you, Lodgeit requir...

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 &...

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...

 Turn on tax depreciation via  4 little squares In such a situation, ATO demand that 6X = sum of Deduction for Certain Assets & Deduction for Ge...

In order to account for dividend payments, the dividend paid account in the source accounting system must have values reflective of the timeframes associat...

Please review this article - Options for Trust Beneficiary Loan Accounting BEFORE reading content below.  Note: Both options can be used with Beneficiary l...

This video provides the following guide: Preparation of underlying accounts in respect of equity section Importing using Lodgeit smart Excel Utility (att...

If you are working with a primary production farming client, then you'll want to calculate the average cost on their livestock. In this video you'll...

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...

Key Concepts: Deferred Tax Assets (DTA) & Deferred Tax Liabilities (DTL) DTL: Arises when the carrying amount of an asset is greater than its t...