Gains/Losses on Disposal of Assets : LodgeiT

Q&A: Why does a Xero account line item mapped under “Gains/Losses on Disposal of Assets” is being reflected to the field “Other income not included in assessable income” in the tax return?

Modified on: Tue, 2 Dec, 2025 at 8:16 AM

Question: Why does a Xero account line item mapped under “Gains/Losses on Disposal of Assets” is being reflected to the field “Other income not included in assessable income” in the tax return?

*Mapping in LodgeiT via "Settings > Chart of Accounts":

Reconciliation Section:

Answer: You can map it under account "Other Revenue > Increasing Balancing Adjustments > xxxxx > xxxxxx". Below is the image for your reference. Just ensure to select the lowest taxonomy.

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