For Australian accountants and quantity surveyors
Depreciation schedules, read from the documents and worked out by the rules.
Drop in the QS report or the invoices. A model transcribes every asset off the page; a deterministic engine applies Division 40 and Division 43 of the ITAA 1997 exactly as written. You review, approve, and hand your client an Excel schedule and a printed report.
Works from the documents you already have — QS reports, condition reports, invoices, plans and photographs, at any length.
12 Wattle Street, Brunswick VIC
Residential rental · settled 1 March 2024 · 14 items from 1 document
| Asset | Life | Method | Cost | 2023-24 |
|---|---|---|---|---|
| Split system air conditioner | 10 yrs | DV 20% | $3,150 | $181 |
| Roller blinds × 9 | 10 yrs | DV 20% | $2,680 | $132 |
| Ceiling fans × 3 | 5 yrs | Pool 18.75% | $860 | $161 |
| Smoke alarms × 3 | 6 yrs | Immediate | $240 | $240 |
| Carpet — existing | 8 yrs | Excluded s 40-27 | $4,200 | $0 |
| Building structure (2019) | 40 yrs | Cap. works 2.5% | $312,000 | $2,600 |
Not a mock-up: these figures are computed on this page by the same engine that produces your schedules, from the sample QS report that ships with the product.
The model never calculates
It transcribes what the document says — description, cost, page — and stops. Every dollar of deduction comes from the engine.
Every figure is traceable
Rates, thresholds and dates come from a versioned law pack, each line pinned to the provision it rests on and cited in the workbook.
You approve before anyone sees it
Nothing is issued from a single pass. The schedule is yours to edit, question and sign off on.
Three steps, one afternoon back.
- 1
Read
Upload PDFs, scans or invoices. The model transcribes each separately-costed line — description, cost, page — and matches it to the Commissioner’s effective-life determination. It is not allowed to calculate anything.
- 2
Review
A split screen: the document on the left, the editable asset list on the right, the first-year claim updating as you type. Tell it “mark the carpets second-hand” in plain English, or flip auto mode and let it fact-check itself.
- 3
Deliver
Approve and download a client-ready workbook — report, summary, Division 40, Division 43, low-value pool, exclusions and citations — plus a printable report for the file.
Every number traces back to a section of the Act.
Rates, thresholds and dates live in a versioned law pack — currently 2026.09.2 — each pinned to its provision and cited on the notes sheet. A weekly watch re-checks the sources, and an optional web-search QA engine verifies the pack and each schedule against ato.gov.au, legislation.gov.au and AustLII.
- ITAA 1997 s 40-72, s 40-75Diminishing value and prime cost, pro-rated by days held.
- ITAA 1997 s 40-80(2)Immediate deduction for non-business assets costing $300 or less.
- ITAA 1997 Subdiv 40-ELow-value pool: 18.75% in the year of allocation, 37.5% thereafter.
- ITAA 1997 s 40-27Second-hand plant in residential premises acquired after 9 May 2017 — excluded, with every carve-out modelled.
- ITAA 1997 s 43-25, s 43-20Capital works at 2.5% over 40 years (4% over 25 for 1985–87 construction); structural improvements from 1992.
- LI 2025/20The Commissioner's effective life determination, searched deterministically — the model only picks among matches.
Documents of any length
A fifty-page inspection report, a scanned invoice, a set of plans, photographs. Every page is transcribed — OCR where it is a scan, tables kept as tables — and read a few pages at a time.
Auto mode with an audit trail
Upload, write a brief, and get the finished schedule: a second model pass audits the first, deterministic checks run, and every decision is written to the workbook.
Built for a practice
Named accounts with owner, admin and member roles, invitations, optional two-factor authentication, session control and a security log. Client documents stay on your device: the server reads them once and keeps only the extracted lines.