In LodgeiT the “Current Year Losses Available to Utilise” is essentially the amount of losses generated in the current year that are eligible to be applied (offset) against income and/or capital gains for that year (or carried forward), subject to any internal rules or offsets already processed.
For example, if you record in the current year a business loss of $4,628 the system will show that $4,628 as a “loss available to utilise”, meaning that you could apply it (reduce taxable income) in that year or carry forward.
Check which losses the system has already applied, check the CGT worksheet: whether “elect manual use of losses” is set to YES/NO. If set to NO, LodgeiT will automatically offset losses. (See article on CGT with prior year loss)