Turn-off Unrealized VAT Setup Option

leewhite1234

Our client setup unrealized VAT, but now wants to turn off this feature. We can't uncheck it on the General Ledger Setup menu because VAT codes exist. So, I cleared the Unrealized Tax Type column in the Tax Posting Setup window and was able to clear the check boxes for Unrealized VAT on the General Ledger Setup window. However, we get an error message that a combination of Tax General Posting Group and Tax Product Posting Group cannot have a blank Unrealized Tax Type on the Tax Posting Setup window.

Any ideas on how we turn Unrealized VAT off?

Thank you in advance for any help.

jannestig

Do You have entries posted to the accounts where this was setup with unrealized Vat?

leewhite1234

Yes, about 20 transactions have been posted with unrealized VAT.