Help - must specify a linked account for tax paid.
Hi MYOB
A new client has upgraded from V19 to ARL 2019.2.1 - they are trying to record this recurring transaction however they are getting a message you must specify a linked account for tax paid.
In V19 I noticed the linked account for Tax/Deductions Payable account was this G/L account. This is incorrect, to begin with as this linked account should be PAYG withholding. I fixed this in 2019.2.1 however this has not fixed the error.
Any ideas on what else to look at?
Hi Renae ( CloudMindAcc )
In some cases that error is not explicitly referring to that tax code but that AccountRight has detected one of the tax codes in the file is missing a linked account for tax paid. If the file has been migrated from AccountRight v19, I would start by checking all zero rated tax codes first.
In AccountRight v19 if the tax rate was zero, the program was more forgiving on not having linked accounts. That said AccountRight 201X requires linked accounts even if the tax code is zero rated
Do let us know how you get on
