Small business entity setting
Mark whether the client is a small business entity, which affects depreciation treatment and reports.
The problem it solves
Small business concessions change the treatment of assets, so the status must be recorded.
How it works
- Open the client settings.
- Set whether the client is a small business entity.
- Depreciation and reports reflect the setting.
What your practice gets
- Concessions applied consistently.
- One setting drives the treatment.
- Clear on reports.
Questions accountants ask
What does the setting affect?
Depreciation treatment and related reporting.
Who decides SBE status?
You do, based on the client's circumstances and ATO guidance.
Can it change between years?
Update the setting when the client's status changes.
Related features
Features that work alongside small business entity setting.
Client ledgers list
List, search and open your clients' ledgers, including clients brought across from FEDIX, and set the client you are working on.
VideoClient and period switcher
A header bar to switch client and period, and edit client details, from anywhere in MYLEDGER.
Pick up where you left off
MYLEDGER opens the client you asked for from a link, or the last client you worked on.
Add and manage client ledgers
Create a client ledger directly in MYLEDGER, update its details and remove it when it is no longer needed.
VideoPlan check before adding a client ledger
Before you add another client ledger, MYLEDGER checks whether it takes the practice past its included allowance and asks you to confirm.
Bank account assignment
Record which ledger account is the client's bank account, so every imported bank line posts against the right account.
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.