Maintain Withholding Tax: Difference between revisions

Latest revision as of 03:05, 6 June 2020

Menu : Tools | Maintain Withholding Tax...

Create Withholding Tax Code

1. Click New.

2. Input the following data:

Field Name	Explanation	Remark
Code	Set a code	WTH-TAX15
Description	Describe the meaning/usage of this code	Withholding Tax 15%
Tax Rate	Withholding Tax Rate	15%
Tax Account (DR)	Set to Withholding Tax Exepense account	At GL\Maintain Account, create the Withholding Tax Expense account under Expenses
Tax Account (CR)	Set to Withholding Tax Payable account	At GL\Maintain Account, create the Withholding Tax Payable account under Current Liabilities

3. Click on Save.

@@ Line 1: / Line 1: @@
-''[Tools | Maintain Withholding Tax...]''
+''Menu : Tools | Maintain Withholding Tax...''
 <br />
-:Create the following GL Account under '''Current Liability'''.
+===Create Withholding Tax Code===
+:1. Click '''New'''.
+:2. Input the following data:
 ::{| class="wikitable"
 |-
-! GL Account !! Description !! Special Type
+! Field Name !! Explanation || Remark
 |-
-| WTH-Tax || Withholding Tax || Bank Account
+| Code || Set a code || WTH-TAX15
-|}
+|-
-:[[File: WTH-Tax_01.jpg| 500PX]]
+| Description || Describe the meaning/usage of this code || Withholding Tax 15%
-<br />
+|-
+| Tax Rate || Withholding Tax Rate  || 15%
-===Withholding Document Number Set===
-''[Tools | Maintain Document Number...]''
-<br />
-:1. Create the following document number set for '''Withholding Tax'''.
-:[[File: WTH-Tax_03.jpg| 500PX]]
-::{| class="wikitable"
 |-
-! Descripion !! Document Type !! Format
+| Tax Account (DR) || Set to '''Withholding Tax Exepense''' account  || At GL\Maintain Account, create the Withholding Tax Expense account under Expenses
 |-
-| WITHHOLDING TAX || Payment Voucher|| WTHPV-%.5d
+| Tax Account (CR) || Set to '''Withholding Tax Payable''' account  || At GL\Maintain Account, create the Withholding Tax Payable account under Current Liabilities
 |}
+::[[File: WHT-001.jpg| 500PX]]
 <br />
-:2. Next, Go to ''Tools | Maintain Payment Method...''
+:3. Click on '''Save'''.
-:3. Edit the '''WITHHOLDING TAX'''.
-:4. Set the PV number Set to '''WITHHOLDING TAX'''. Click Save.
 <br />
+==See also==
+* [[Withholding Tax]]
+* [[Maintain Account]]