Difference between revisions of "Maintain Withholding Tax"

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::{| class="wikitable"
 
::{| class="wikitable"
 
|-
 
|-
! Code !! Description !! Special Type
+
! Field Name !! Explanation || Remark
 
|-
 
|-
| WTH-Tax || Withholding Tax || Bank Account
+
| 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
 
|}
 
|}
:[[File: WTH-Tax_01.jpg| 500PX]]
+
:[[File: WHT-001.jpg| 500PX]]
 
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Revision as of 02:59, 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
500PX


Withholding Document Number Set

[Tools | Maintain Document Number...]

1. Create the following document number set for Withholding Tax.
500PX
Descripion Document Type Format
WITHHOLDING TAX Payment Voucher WTHPV-%.5d


2. Next, Go to Tools | Maintain Payment Method...
3. Edit the WITHHOLDING TAX.
4. Set the PV number Set to WITHHOLDING TAX. Click Save.