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How to use 'Tax Invoice Printing Options' in receivables system option?

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Need to understand how to configure system to show tax in the invoice print

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We can see that there is an option in receivables system options to set 'Tax invoice printing options'. But when we set this to different value, the default template doesn't show any effect of the configs done.

We want to know if there is any way to set various options for tax printing on receivables invoice.

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