Reconcile

ANZ
ANZ Business01-1234-5678901-00
12,480.10Statement Balance
12,480.10Balance in Cashbook
🔍
🏷️ This is a fixed asset. After you reconcile, you'll be prompted to register it (optional). This looks like an asset sale. After you reconcile, you'll be prompted to record the disposal (optional).
Drag files here, or browse
(Transfer / Query — unchanged by this feature.)
DatePayeeAccountAmount
🏷️Register fixed asset
✓ reconciled

Reconciled to . Date & price come from the transaction; the depreciation accounts + rate are pre-filled from the account and stay editable.

what the asset is — Cashbook AI suggests the IRD method + rate from this

Cashbook AI is finding the right IRD depreciation rate…
Cashbook AI suggests · — adjust below if needed.
Couldn't auto-detect a rate from that — pick a method and rate below.

from the feed

%

Cost to depreciate

GST-exclusive — depreciation & Investment Boost run on this.

%

+$ off your taxable income this year (20% of the depreciable cost), then the remaining 80% depreciates. Available — asset dated after 22 May 2025.

📤Is this the sale of an asset?

from the feed

Sale proceeds
ℹ️No depreciation is claimed in the year of disposal — any posted this financial year is reversed automatically. (IRD rule, handled for you.)

Disposal summary (book basis):

Cost
Accumulated depreciation
Book value
Sale proceeds (from the bank)

Journal

AccountDebitCredit
Proceeds (from the reconciled transaction)
860 · Loss on Asset Disposal
Total

ℹ️ GST on the sale is collected and reported in your GST return.