1
Open Depreciation
With a client selected, click Depreciation in the left sidebar. If no assets have been added yet, you will see a No Assets Found state. Click Add Your First Asset to open the Add New Asset dialog. Once a client has at least one asset, this same dialog opens from the Add Asset button in the top right of the Depreciation list instead.
2
Enter the asset name and category
Enter an Asset Name your team will recognise at a glance, then open the Category dropdown and select the type of asset it is.
3
Enter the cost details
Enter the Total Cost of the asset and its Acq Cost, the acquisition cost used as the basis for depreciation. GST is optional and can be left blank if it does not apply.
4
Set the rate of depreciation and any private use deduction
Enter the Rate of Depreciation as a percentage. If the asset has some private use that should be excluded from the deductible amount, enter that percentage under Private Deduct. This field is optional and can be left blank for assets that are entirely for business use.
5
Set the acquisition date and effective life
Enter the Acquisition Date in DD/MM/YYYY format and the asset’s Effective Life in years.
6
Select a depreciation method
Open the Depreciation Method dropdown and choose how the asset should depreciate, such as Diminishing Value. Depending on the cost and category entered, Ezyiah may show a note underneath confirming the asset is eligible for an instant write-off up to a set threshold.
7
Mark disposal if relevant
If the asset has already been disposed of, tick the Disposal checkbox. Leave this unticked for an active asset still in use.
8
Save the asset
Click Save. The dialog closes and the asset appears as a new row in the Depreciation list, showing its acquired date, category, cost, method, private use percentage, and deductible amount for the current year.