1. Locate and open General Ledger Setup from search
  2. Select Initialise default BAS Setup
  3. Enter values for the following fields and select OK
FieldExplanation
Taxable Business Posting GroupsSpecifies GST Business Posting Groups that are taxable.
Non Taxable Business Posting GroupsSpecifies GST Business Posting Groups that are non taxable.
Asset Product Posting GroupsSpecifies VAT Product Posting Groups that are for assets.