- Locate and open General Ledger Setup from search
- Select Initialise default BAS Setup
- Enter values for the following fields and select OK
Field | Explanation |
---|---|
Taxable Business Posting Groups | Specifies GST Business Posting Groups that are taxable. |
Non Taxable Business Posting Groups | Specifies GST Business Posting Groups that are non taxable. |
Asset Product Posting Groups | Specifies VAT Product Posting Groups that are for assets. |