MYLEDGERTax preparation & working papers
Depreciation reconciliation
Reconcile the depreciation register to the ledger and work out the tax adjustment.
The problem it solves
Depreciation in the register and in the books can differ, and the difference matters for tax.
How it works
- Open the reconciliation.
- Compare the register with the ledger.
- Review the tax adjustment.
What your practice gets
- Register and books agree.
- Tax adjustment calculated.
- Supports review.
Questions accountants ask
What is compared?
The register and the ledger.
Is the tax adjustment calculated?
Yes.
Does it post journals?
Journals are posted from the register.
Related features
Features that work alongside depreciation reconciliation.
Depreciation register
An asset register with ATO effective-life rates, calculations, roll-forward to the next year, opening balances and journals you can post or undo.
ATO effective life lookup
Search ATO effective life by industry and asset to choose the right depreciation rate.
Borrowing costs schedule
A schedule for loan establishment costs deducted over time under section 25-25.
Blackhole expenditure schedule
A schedule for business-related capital costs deductible over time under section 40-880.
Investment income register
A register of interest, dividends and distributions for the tax return's investment income schedule.
VideoDivision 7A loans and calculator
Track Division 7A loan accounts, calculate minimum repayments per year with the benchmark rate and carry balances forward.
VideoSee it working in your practice.
Start with one workflow and adopt more of the connected practice system over time. Your team reviews and approves the work.
14-day free trial. A payment method is required to start. Your paid subscription starts automatically when the 14 days end; cancel during the trial and you pay nothing. After the trial, a 6-month minimum term applies, then month-to-month. Commit to 12 months up front and the monthly price is 20% lower. See pricing.