Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
How to handle withholding tax
08-26-2016, 03:55 AM,
#3
RE: How to handle withholding tax
(08-24-2016, 06:32 AM)phil Wrote: Is this a bug in the system?

In this situation I would use the prompt payment discount when entering the receipt ... and either:
1) change the account that prompt payment discount gets posted to - to witholding tax expensed. See Company Preferences - Payment Discount GL account.
OR
2) do a GL journal from the payment discount GL account to witholding tax expensed GL account.


This seems more like general accounting advice!

Thanks Phil,

No. 1 should would work fine in my situation

R-2g
Reply


Messages In This Thread
How to handle withholding tax - by R2-G - 08-24-2016, 03:15 AM
RE: How to handle withholding tax - by phil - 08-24-2016, 06:32 AM
RE: How to handle withholding tax - by R2-G - 08-26-2016, 03:55 AM

Forum Jump:


Users browsing this thread: 1 Guest(s)