Withholding Tax: Difference between revisions

Revision as of 03:36, 6 June 2020

Menu : GL | Maintain Account...

GL Account	Description	Remark
460-XXX	WITHHOLDING TAX PAYABLE	Under Current Liabilities
990-XXX	WITHHOLDING TAX EXPENSE	Under Expenses

NOTE: 
GL Account not compulsory to follow.

1. InPurchase Invoice, insert the following columns:

2. Select the Withholding Tax Code in WH Tax column.

3. System will auto post the withholding tax double entry. Press CTRL + O to check the double entry.

[ GL | Cash Book Entry..]

1. Create new PV.

2. Enter Payee name.

3. Select Payment By: Bank Account

4. At detail grid, select GL Code: WTH-TAX

5. Enter the withholding tax amount to paid.

6. You can check the ledger report for Withholding Tax balance.

@@ Line 17: / Line 17: @@
 <br />
-==Withholding Tax Entries==
+Available in:
-===Withholding Tax Payable (AP)===
+''Menu : [Purchase | Purchase Invoice...]'' or [Supplier | Supplier Invoice...]
-''[Supplier | Supplier Payment...]''
+''Menu : [Purchase | Cash Purchase...]'' or [Supplier | Supplier Invoice...]
+''Menu : [Purchase | Purchase Debit Note...]'' or [Supplier | Supplier Debit Note...]
+''Menu : [Purchase | Purchase Returned ...]'' or [Supplier | Supplier Credit Note...]
 <br />
-:1. Create new '''Supplier Payment'''.
+==Withholding Tax Entry==
-:2. Select the '''Supplier Code'''.
+:1. In'''Purchase Invoice''', insert the following columns:
-:3. Select the Payment by: '''WITHHOLDING TAX'''.
+* WH Local Tax Amt
-:4. Enter the Paid Amount: '''110,000.00 (eg. the withholding tax amount 10% of supplier invoice value)'''.
+* WH Tax
-:5. Knock-off the supplier invoice.
+* WH Tax Rate
-:[[File: WTH-Tax_05.jpg| 500PX]]
+<br />
+:[[File: WTH-Tax_10a.jpg| 300PX]]
+:2. Select the Withholding Tax Code in '''WH Tax''' column.
+:[[File: WTH-Tax_10b.jpg| 500PX]]
+:3. System will auto post the withholding tax double entry. Press '''CTRL + O''' to check the double entry.
+ :[[File: WTH-Tax_10b.jpg| 500PX]]
 <br />