Author: Mark Dally

Who is ISO? ISO stands for International Organisation for Standardisation. It a non-governmental organisation formed by a network of standards institutes from 164 countries based

Why are Profit Centres Used in Financial Reporting? Businesses of all sizes have various reasons for wanting to separate different sources of profit and/or cost.

Accounting Depreciation Vs Tax Depreciation for Assets Many accountants prefer to maintain a single fixed asset register for their clients’ businesses. And, since tax depreciation

AssetAccountant™ is a sophisticated depreciation engine that takes care of everything depreciation in Australia and New Zealand. Australia and the ATO have some particularly interesting

Income Tax Assessment Act 1997 – Division 43 (Deductions for capital works) Division 43 (Div43) allows deductions for buildings and structural improvements. Owners of capital

Find out how AssetAccountant™ can save you time and improve the quality of your clients’ fixed asset registers. Slider 1 Slider 2 Slider 3 Slider

The Example: Jacki Chiles is a sole proprietor manufacturing furniture and trading as Pendant Furniture. His annual turnover is $1.4m and he qualifies as a

Incorrect Asset valuation can distort financial results, could be prosecuted as fraud and is an ATO risk and focus area! Does your entity or entities

How To Make Adjusting Journals in AssetAccountant™ – No Rollbacks Required! The video above briefly demonstrates a powerful feature of AssetAccountant™ – its automatic calculation

Fixed assets management for tax and accounting is complex. It requires an organised, consistent and compliant system that yields reliable, accurate depreciation results. Specialist fixed