The consequences are: transaction entries are now more complicated. New windows appear which one must exit out of to complete transaction. The extra steps double or treble time to enter a transaction. H ow to disable this setting? Is this a software design issue? Do later versions correct this?
Tax Tracking is switched on when you create a bank account and select the option to track tax (GST). Once used it cannot be changed, unless all the transactions are deleted and the bank accounts tracking tax deleted.
If your bank account tracks tax and you use an account that has a tax code assigned, the Split window will not open. The transaction will enter via the bank register once you click Enter.
If the account you choose does not have a tax code assigned, then the Split window will open, allowing you to assign the appropriate tax code.
If your bank account is not ticked to track tax the Split window will not open. If that account has a tax code assigned, it will be ignored.