Accounting schedule

The Accounting Schedule report contains a list of all Accounting assets in the asset register.

An Accounting Schedule report is divided into 3 sections:

header
footer
content.

The report will be displayed in landscape orientation. The header of the Accounting Schedule report displays the client name, ABN (Australia) / IRD (New Zealand), report name and date period of the report.

How to generate an Accounting schedule report

The Accounting Schedule report is generated for Accounting assets similar in a similar manner to the Taxation schedule.

The report requires these Report Options:

Start Date. This defaults to the beginning of the asset register year and cannot be changed.
End Date. If the date entered is not within the financial year the error message ‘Invalid date, Ending on date must be within the current financial year.’ will prompt you to make the necessary change.

The preview of the report identifies the:

Client Name
(Australia) ABN
(New Zealand) IRD
Report Name
Starting from
Ending on.

For each asset the report lists:

Asset Code
Asset Description
Acquisition Date
Private Use %
Original Cost
Depreciation %
Disposal Value
Method
Original Cost
Opening w.d.v
Profit (Loss on sale)
Closing Written Down Value
(Australia) YTD
(New Zealand) YTD Depn.

The report lists totals for:

Original Cost
Opening W.D.V
Assessable
Deductible
Closing Written Down Value
(Australia) YTD
(New Zealand) YTD Depn.

The report lists the Assessable (Profit) or Deductible (Loss):

If Termination Value is more than the Closing asset value (CAV) then
Assessable (Profit) = Termination Value - CAV

If Termination Value is less than the CAV then
Deductible (Loss) = CAV - Termination Value