Asset Register & Depreciation set up
Matthew_8244693
Member Posts: 2 Novice Member
Does Reckon have the facility to 'house' an asset register with monthly depreciation etc.?
If so, how would I set this up?
Thankyou
If so, how would I set this up?
Thankyou
0
Comments
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Definitley, not to what i am aware, there is Asset information area, but this will not do TAX DEPRECIATION for tax purposes. AS a Tax Agent, we use Reckon Elite Tax Practice solution.
http://estore.reckon.com.au/74/55/Reckon-Asset-Manager/more?_ga=1.225219610.1034641219.1427344396
have a look at this , you need to buy it , i have not tried it, thoughCosmic Accounting Group
Accountants and Tax Agents 22397009
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Hi Chandra,
Does Reckon handle only 'accounting' (as opposed to TAX) depreciation or none at all?
Looks like Reckon can simply hold a list of assets and I would have to manage the depreciation separately and journal in as required.......sound right?
Thanks
Matt0 -
yes, depreciation for Tax purposes, you will have to maintain separately, have a look at that link, i dont think that link provides DEP as required for Tax purposes.
or optionally ask your tax agent to do tax calc and you can do a journal entries.
If you have any further doubts you can talk to me
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Cosmic Accounting Group
Accountants and Tax Agents 22397009
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Hi Matthew can you please email me matthew.bambrick@reckon.com so we can have a more detailed look at your needs.
Thanks
Matt
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Good to see , rescue is here , Mathew
GOOD ONE , This is the beauty of Reckon , help is quick and great.
No other software provider, provides this kind of support. THANKS MathewCosmic Accounting Group
Accountants and Tax Agents 22397009
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I use Reckon Asset Manager which integrates nicely with Reckon and handles full depreciation synchronisation
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If doing a manual journal what date do you do it as? 30 June 2017 the last day of the tax year? After the accountant has told you the depreciation amounts?0
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