MYLEDGERTax preparation & working papers
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.
The problem it solves
Calculating and posting depreciation in a spreadsheet is error-prone and does not roll forward.
How it works
- Add assets, or import a schedule.
- Review the calculated depreciation.
- Post the journal, and roll the register forward next year.
What your practice gets
- Depreciation calculated and posted.
- Rolls forward each year.
- Journals can be undone.
Questions accountants ask
Does it use ATO effective life?
Yes, with an effective life lookup.
Does it roll forward?
Yes.
Are small business concessions considered?
The small business entity setting affects depreciation treatment.
Related features
Features that work alongside depreciation register.
Working papers hub
One tabbed page per client for year-end schedules: checklist, GST, tax return labels, depreciation, amortisation, Division 7A, FBT, investment income, distributions, franking, dividends, SMSF and more.
VideoDepreciation schedule converter
Read amortisation and depreciation schedules from PDF, check the pages and import them into depreciation.
Depreciation reconciliation
Reconcile the depreciation register to the ledger and work out the tax adjustment.
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.
See 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.