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Tax rounding account not set up for company

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Lee
Posts: 37
1/21/2010 3:46 PM

    We are testing our transition from 8.0.3 apps/9.0.0.x environment to 9.0.1 apps and environment.  The error "Tax rounding account not set up for company" is stopping the release of the batch on AP25.  There are 2 new tabs (9.0.1 apps) that were not on 8.0.3 (workflow and tax tolerance). Has anyone encountered this error - how is it repaired?

    Thanks!

    Jimmy Chiu
    Veteran Member
    Posts: 641
    Veteran Member
    1/21/2010 7:26 PM
      Not an error. Just new things need to be setup in 9.0.1.x AP.

      From lawson:

      AP25.1 error: Tax rounding account not set up for Company

      Article ID:333754


      Description:
      When I try to release a batch in AP25.1 (Batch Control), I receive the error message "Tax rounding account not set up for Company." We do not use the Lawson tax functionality, so why do we need to set up a tax rounding account?


      Resolution:
      This is a new requirement for the 8.1 version of Lawson's applications. In 8.1, you are required to set up a tax company on TX00.1 (Company) and a tax code on TX01.1 (Tax Code). Once both your tax company and tax code are set up, you will need to add your new tax code to your new company.

      Follow all the steps outlined below to resolve this error.
      Add a tax company on TX00.1.
      Go to TX00.1.
      Type a company number in the Company field
      Enter a company description
      Set the Use Tax Code Accounts field on the Main tab of TX00.1 to Y (Yes) or N (No)
      (If Use Tax Code Accounts is set to N (No) you do not need to do step 4, but you will need to add Tax Accounts in TX00.1) If Use Tax Code Accounts is set to N (No) you are limited to using Accrued or Invoiced for all Tax Codes and they must all have the same accounts). Setting Use Tax Code Accounts to Y (Yes) in TX00.1 allows you to specify different accounts and have some Tax Codes defined as Accrued and some as Invoiced.
      Add your new tax company.
      Define a tax code on TX01.1.
      Go to TX01.1.
      Specify a tax code and a tax code description.
      Set the Tax Type field to S (Stand-alone).
      Add your new tax code.
      Define a tax rate on TX03.1.
      a. Go to TX03.1
      b. Inquire on the Tax Code
      c. Add an Effective Date and Rate
      Add your new tax code to your new tax company.
      Go to TX02.1.
      Select your new tax company in the Company field.
      Select your new tax code in the Tax Code field.
      Do an Add.
      Go to AP00.4 (Company) and enter the following parameters:
      Go to the Tax Code field on the Tax Tolerance tab and enter your new tax code.
      Specify an account in the Tax Rounding Account field.

      Brad Schauer
      Veteran Member
      Posts: 76
      Veteran Member
      1/25/2010 10:13 PM
        The tax rate on TX03.1 can be left blank if you prefer.

        The only time any of this setup would be used is if you put a value in the tax tolerance field on the tax tolerance tab of AP00.4 and if you use the PO and MA modules.

        Brad