Settle and Post GST is giving an error

(0) Share

Report

Posted on by ahakhanAAK

Hello,

When I am trying to settle and post GST, it is giving the following error. Earlier, this was working fine. Appreciate your help to resolve this issue.

Link: Tax -> Declarations -> GST -> Settle and Post GST

Error:

"Reported from company accounts "companyname"

Account number for transaction type Exchange rate loss does not exist."

Error:

"Voucher GSTP000111

Reported from company accounts "companyname"

Account number for transaction type Exchange rate loss does not exist."

All responses (7)

Answers (2)

Sort by

ahakhanAAK 35 on at

Like (0)

Report
Copy link

Link copied!

.
Verified answer

A.Prasanna 8,227 on at

Like (1)

Report
Copy link

Link copied!

Have you added Exchange Rate Loss / Gain Accounts under "General Ledger > Posting Setup > Accounts for automatic transactions" ?, if not add them and try again .

Regards,

AP
Verified answer

saurabh bharti 15,059 Moderator on at

Like (1)

Report
Copy link

Link copied!

As mentioned , specify exchange rate loss or gain accounts

GL > Ledger setup > Ledger
Suggested answer

LB-04011908-0 15 on at

Like (0)

Report
Copy link

Link copied!

Dear Akakhan,

Sent a printscreen of the error message.

Regards
Suggested answer

LB-04011908-0 15 on at

Like (0)

Report
Copy link

Link copied!

Dear Akakhan,

Sent a printscreen of the error message.

Regards
ahakhanAAK 35 on at

Like (0)

Report
Copy link

Link copied!

Thank you Amith, your solution worked perfectly.
ahakhanAAK 35 on at

Like (0)

Report
Copy link

Link copied!

Thank you Saurabh for your help, it worked.