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Dynamics 365 CommunityForums Small and medium business | Business Central, N... Tax Posting Setup Does...

Small and medium business | Business Central, N...

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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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JAngle 131 on at

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

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Binesh 7,885 on at

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Update the VAT Prod. Posting Group in GL Account and try.

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sweelian 75 on at

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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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