Error message when trying to allocate

Question

Hello!&nbsp;I'm trying to allocated interest paid by the bank into a business savings account to Interest received, which is setup with the tax code INP, and I keep getting the error message "is an invalid tax type for Import Duty and Input Taxed are invalid tax types for sales." Unsure what to do please help!

genreve_s · Answer

Hi Jessiegirl,&nbsp;
&nbsp;
The INP tax code is just for purchases in the software, so it might not suit the interest payment you’ve recorded. You can read about that from this link. To be sure what tax code to use, it’s a good idea to check in with your accountant.
&nbsp;
Regards,Genreve

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Error message when trying to allocate

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