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Test Connection works but formula returns error

Using JetExpress, the Test Connection appears to work (417ms) and the Data Source Settings look normal for Dynamics NAV 2013 and later (SQL Server)

But when I write a simple GL formula it results in an #VALUE! error.

On debugging, the first two lines read as follows.
An unexpected error has occurred:
Login failed for user 'DOMAIN\username'

Any pointers would be much appreciated!

Thanks

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