At Purchase Journal screen I try to create below entries. Error message 'Tax Posting Setup Does Not Exist' display when click to preview.
| 66900 |
Cash on hand |
SGD |
-37.80 |
| 17300 |
PRINTING & STATIONERY |
SGD |
35.33 |
| 75000 |
TAX Account |
SGD |
2.47 |
'LOCAL' tax was created to :
a) Tax Posting Setup
b) VAT Business Posting Group
c) assigned 'LOCAL' to chart of account code 17300.
Is there any other setup I have overlooked? How to resolve the error? Kindly advise.
