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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:

  1. Start Date. This defaults to the beginning of the asset register year and cannot be changed.

  2. 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

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