Please help me for below issue.
I have created a loan (using FN1V) in loan management. in this loan i have maintained and interest condition. in this interest condition i have maintained tax code - IV. After that when i try to post an interest entry using t.code - FN8D, It is showing me an error as below.
Tax code IV does not exist for jurisdiction code
Message no. FF718
You have entered tax codes and jurisdiction codes in the G/L account
items. The amounts of these items are used as the tax base to check the
tax amounts you have entered or to determine the taxes. The system has
now determined that one or more of the "tax code / jurisdiction code"
combinations do not exist in Customizing.
Calculation of the taxes or checking of the taxes entered had to be
Check the tax codes and the jurisdiction codes in the G/L account items
or asset items. If these are correct, inform your system administrator.
Procedure for System Administration
Change the tax jurisdictions you specified in Customizing under
Financial Accounting -> Financial Accounting Global settings -> Tax on
Sales/Purchases -> Basic Settings -> Define Tax Jurisdictions.
To do this, choose Maintain entries (F5).