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How to handle withholding tax

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How to handle withholding tax
08-24-2016, 06:32 AM, (This post was last modified: 08-24-2016, 06:33 AM by phil.)
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phil Offline
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RE: How to handle withholding tax
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!
Phil Daintree
webERP Admin
Logic Works Ltd
http://www.logicworks.co.nz
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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

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