diff --git a/fyo/utils/errors.ts b/fyo/utils/errors.ts
index e401a403..d974e4db 100644
--- a/fyo/utils/errors.ts
+++ b/fyo/utils/errors.ts
@@ -1,74 +1,76 @@
 export class BaseError extends Error {
   message: string;
   statusCode: number;
+  shouldStore: boolean;
 
-  constructor(statusCode: number, message: string) {
+  constructor(statusCode: number, message: string, shouldStore: boolean = true) {
     super(message);
     this.name = 'BaseError';
     this.statusCode = statusCode;
     this.message = message;
+    this.shouldStore = shouldStore;
   }
 }
 
 export class ValidationError extends BaseError {
-  constructor(message: string) {
-    super(417, message);
+  constructor(message: string, shouldStore: boolean = false) {
+    super(417, message, shouldStore);
     this.name = 'ValidationError';
   }
 }
 
 export class NotFoundError extends BaseError {
-  constructor(message: string) {
-    super(404, message);
+  constructor(message: string, shouldStore: boolean = true) {
+    super(404, message, shouldStore);
     this.name = 'NotFoundError';
   }
 }
 
 export class ForbiddenError extends BaseError {
-  constructor(message: string) {
-    super(403, message);
+  constructor(message: string, shouldStore: boolean = true) {
+    super(403, message, shouldStore);
     this.name = 'ForbiddenError';
   }
 }
 
 export class DuplicateEntryError extends ValidationError {
-  constructor(message: string) {
-    super(message);
+  constructor(message: string, shouldStore: boolean = true) {
+    super(message, shouldStore);
     this.name = 'DuplicateEntryError';
   }
 }
 
 export class LinkValidationError extends ValidationError {
-  constructor(message: string) {
-    super(message);
+  constructor(message: string, shouldStore: boolean = true) {
+    super(message, shouldStore);
     this.name = 'LinkValidationError';
   }
 }
 
 export class MandatoryError extends ValidationError {
-  constructor(message: string) {
-    super(message);
+  constructor(message: string, shouldStore: boolean = true) {
+    super(message, shouldStore);
     this.name = 'MandatoryError';
   }
 }
 
 export class DatabaseError extends BaseError {
-  constructor(message: string) {
-    super(500, message);
+  constructor(message: string, shouldStore: boolean = true) {
+    super(500, message, shouldStore);
     this.name = 'DatabaseError';
   }
 }
 
 export class CannotCommitError extends DatabaseError {
-  constructor(message: string) {
-    super(message);
+  constructor(message: string, shouldStore: boolean = true) {
+    super(message, shouldStore);
     this.name = 'CannotCommitError';
   }
 }
 
 export class NotImplemented extends BaseError {
-  constructor() {
-    super(501, '');
+  constructor(message: string = '', shouldStore: boolean = false) {
+    super(501, message, shouldStore);
     this.name = 'NotImplemented';
   }
 }
diff --git a/models/Transactional/LedgerPosting.ts b/models/Transactional/LedgerPosting.ts
index 904a906c..e22719e2 100644
--- a/models/Transactional/LedgerPosting.ts
+++ b/models/Transactional/LedgerPosting.ts
@@ -1,5 +1,5 @@
 import { Fyo, t } from 'fyo';
-import { ValidationError } from 'fyo/utils/errors';
+import { NotFoundError, ValidationError } from 'fyo/utils/errors';
 import { Account } from 'models/baseModels/Account/Account';
 import { AccountingLedgerEntry } from 'models/baseModels/AccountingLedgerEntry/AccountingLedgerEntry';
 import { ModelNameEnum } from 'models/types';
@@ -210,9 +210,20 @@ export class LedgerPosting {
   }
 
   async _getRoundOffAccount() {
-    return (await this.fyo.getValue(
+    const roundOffAccount = (await this.fyo.getValue(
       ModelNameEnum.AccountingSettings,
       'roundOffAccount'
     )) as string;
+
+    if (!roundOffAccount) {
+      const notFoundError = new NotFoundError(
+        t`Please set Round Off Account in the Settings.`,
+        false
+      );
+      notFoundError.name = t`Round Off Account Not Found`;
+      throw notFoundError;
+    }
+
+    return roundOffAccount;
   }
 }
diff --git a/src/errorHandling.ts b/src/errorHandling.ts
index f10a9f4a..7559e233 100644
--- a/src/errorHandling.ts
+++ b/src/errorHandling.ts
@@ -1,11 +1,7 @@
 import { ipcRenderer } from 'electron';
 import { t } from 'fyo';
 import { Doc } from 'fyo/model/doc';
-import {
-  MandatoryError,
-  NotFoundError,
-  ValidationError,
-} from 'fyo/utils/errors';
+import { BaseError } from 'fyo/utils/errors';
 import { ErrorLog } from 'fyo/utils/types';
 import { truncate } from 'lodash';
 import { IPC_ACTIONS, IPC_MESSAGES } from 'utils/messages';
@@ -16,9 +12,8 @@ import { MessageDialogOptions, ToastOptions } from './utils/types';
 import { showMessageDialog, showToast } from './utils/ui';
 
 function shouldNotStore(error: Error) {
-  return [MandatoryError, ValidationError, NotFoundError].some(
-    (errorClass) => error instanceof errorClass
-  );
+  const shouldLog = (error as BaseError).shouldStore ?? true;
+  return !shouldLog;
 }
 
 async function reportError(errorLogObj: ErrorLog) {
@@ -58,18 +53,17 @@ export function getErrorLogObject(
   const { name, stack, message } = error;
   const errorLogObj = { name, stack, message, more };
 
-  // @ts-ignore
   fyo.errorLog.push(errorLogObj);
 
   return errorLogObj;
 }
 
 export async function handleError(
-  shouldLog: boolean,
+  logToConsole: boolean,
   error: Error,
   more?: Record<string, unknown>
 ) {
-  if (shouldLog) {
+  if (logToConsole) {
     console.error(error);
   }