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Tax Posting Setup Does Not Exist for Purchase Journal

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Posted on by sweelian

75

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.

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Financial Management

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sweelian 75 on at

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RE: Tax Posting Setup Does Not Exist for Purchase Journal

Vat Prod Group was created and assigned to chart of account. Error was removed. Tax calculated with from gross amount. Thank you.
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Binesh 7,885 on at

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RE: Tax Posting Setup Does Not Exist for Purchase Journal

Update the VAT Prod. Posting Group in GL Account and try.
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JAngle 33,155 on at

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RE: Tax Posting Setup Does Not Exist for Purchase Journal

Have you deleted the line and added it back since adjusting setups?

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