Issue: You may notice that interest income already recorded in your accounting financials is being automatically pushed into “Other income not included in assessable income” within LodgeiT. This results in the amount being deducted, even though the interest is assessable and should not be reduced.
Why This Happens
LodgeiT relies on manual tax-specific entries to reconcile accounting data with ATO-compliant categories.
Accounting software often groups interest together, but the ATO requires more precise classification.
Because of this, LodgeiT may:
Auto-allocate interest into generic or non-assessable buckets, or
Adjust entries when ATO pre-fill data differs from accounting classifications.
This can create a mismatch, shown as “Decrease in Interest”, which results in an unwanted automatic deduction.
How to Fix It
Step 1: Manually Enter the Amount as “Gross Interest”
To stop LodgeiT from deducting the interest:
Go to the Interest section of the tax return.
Manually enter the same interest amount under “Gross Interest”.
This manual entry overrides the automated adjustment and ensures the income remains fully assessable.
Why Manual Entry Is Required
LodgeiT’s design intentionally requires a manual entry for:
Gross interest
Dividends
Trust distribution
Partnership distribution
This ensures:
Proper reconciliation between financial statements and tax return entries
Accuracy in ATO-aligned categories
Prevention of incorrect deductions from automated system assumptions
Compliance with ATO reporting standards
Summary
If interest income is being wrongly deducted:
✔ Manually enter the same amount under Gross Interest
✔ This will zero out the automated “Decrease in Interest”
✔ Ensures the income remains assessable and correctly reported