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Hi Sam, we really appreciate your feedback. Our Product team have taken a look at your response and have come back with the following:
The reason Xero Tax rolls a Losses Schedule into a Losses worksheet is due to the fact schedules are lodged with the ATO, whereas worksheets are not. A tax payer may be required to lodge a schedule one year, but not the next, therefore we create the worksheet. If the tax payer does need to lodge the schedule in the following year, by simply adding the schedule on the return it will populate the worksheet figures into the schedule.
In relation to your second point around being able to edit the carried forward capital losses, we've taken this request on board and will consider it in the future. The reason the figures do not update is due to the CGT worksheet being required to understand how the losses have been applied for the CGT event. CGT worksheets are not sent to the ATO, but rather to assist the user in preparing the return. The CGT worksheet also provides Xero Tax with the information necessary for other aspects of the return. For example, to determine the losses carried forward we need to know how they were applied for current year. Another example is on the trust return, in the beneficiary statement there are fields sent to the ATO around how much the gross capital gain, losses applied and discount applied (F1, F2, F3) which Xero Tax is only able to calculate based on the CGT worksheets.
We appreciate that there are multiple ways to prepare a return and we'll look into the recommendation you've made. Thanks

Hi Kelly,
Capital and Tax Losses brought forward.
All types of returns.
P.s. why would you rollover the Losses Schedule from the prior year into a Losses Worksheet this year? Why not roll it into a Losses Schedule? The way Xero works with Losses/Schedule/Worksheets is so silly. E.g. if I have a small amount of carried forward capital losses in a trust return, it will carry over the losses as brought forward losses to the current year return, I can even edit this, but if there is a small capital gain in the year and some losses recouped, I can't adjust the carried forward losses without creating a losses schedule or worksheet (even though the ATO tax return instructions say I don't have to add a losses schedule or worksheet to the return!).

I can't believe this isn't a feature already. It would greatly improve efficiencies and accuracy.

I concur that integrating this feature would be highly advantageous. Such incorporation would notably mitigate the likelihood of errors and enhance overall efficiency. I eagerly anticipate its prompt inclusion in the software.

Agree this would be an excellent feature! This will reduce the risk of errors significantly and be more efficient. Hope to see this feature included in the software soon

This feature could greatly reduce errors and improve efficiency. I'm looking forward to seeing it included in the software soon.

Agree with comments, would be great to reduce error and increase efficiencies.

As an accountant who spends countless hours on tax prep, I can’t express enough how beneficial the automated carry-forward of losses feature in Xero would be. Currently, manually entering losses carried forward each year is not only time-consuming but also prone to human error. The risk of accidentally omitting or incorrectly entering losses is a constant worry. Having this information flow through automatically from the prior year's tax return would be a lifesaver. It would streamline the entire process, ensuring accuracy and reducing the stress that comes with tax season. This feature would allow not only me but also my team to focus more on strategic financial planning rather than spending time on repetitive tasks that is manual data entering. I wholeheartedly support this initiative and believe it will make a significant positive impact on our work. Hope to see this feature included in the software soon!

This will be a highly useful feature, increasing efficiency and reducing errors.

A great feature to reduce errors.

Agree this would be an excellent feature! This will reduce the risk of errors significantly and be more efficient. Hope to see this feature included in the software soon.

Agree this would be an excellent feature! This will reduce the risk of errors significantly and be more efficient. Hope to see this feature included in the software soon.

This would be a great feature to have, in order to minimise manual input and reduce transposition errors.

This would be a very valuable change to the software, saving time and reducing the risk of errors!