While adding category in bank transaction, i am getting error massage - You cannot track tax on accounts of types Accounts Receivable and Accounts Payable.

Hi, ca-mfkhan. Allow me to provide insights about assigning taxes to your transactions in QuickBooks Online (QBO).

QuickBooks allows you to track taxes on your expense, checking, and income accounts. Using accounts receivable and accounts payable to track taxes isn't available reason why you're getting this error message, You cannot track tax on accounts of types Accounts Receivable and Accounts Payable.

To get your work done, you'll need to create an invoice or a bill so you can allocate taxes to your entry. This way, it'll be added to the appropriate bank account and show the tax amount you've paid. 

You can check out these links for more tips while tracking taxes to your transactions:

• How do I set up sales GST/VAT rates and use them on forms? (International QBO)
• Applying Tax to transactions and sales forms

On the other hand, you can get more hints while tracking your bank entries from these articles:

• Record and make bank deposits in QuickBooks Online
• Categorise and match online bank transactions in QuickBooks Online

Please let me know if you have any other questions about your bank transactions. I'll be right here to help. Have a good one!