Differences in depreciation calculations after importing from a general ledger

This support note applies to:

• AO Classic Tax (AU)

• AO Classic General Ledger (AU)

In MYOB Accountants Office (AO) Classic, when you import a general ledger into a tax return the amount of depreciation calculated for a leap year may be different. This occurs as the basis of the depreciation calculation is different in each module.

Depreciation in the general ledger is calculated on the accounting basis. In the Tax module it is calculated on the tax basis. The amount of depreciation calculated in a leap year may be different as it is calculated for Taxation purposes as: the number of days held, divided by 365.