Link among Vendor, Expenditure Gl account and withholding tax keys
Hi,
could you pls clarify me regarding below
Suppose i am having One Vendor (XYZ) and i am paying him more than one nature of payments (contract, rent, commission etc). My end user wants the system to calculate the respective tax codes when ever iam debiting the GL a/c.
Eg: Vendor: XYZ
Tax Codes: A1(tds on Contract), B1 (Rent), C1 (Comm)
Gl a/c: Contract Paid (400005), Rent paid (400010), Commision gl a/c (400015).
when i am payable to vendor (credit vendor no) the contract amount (debit 400005), the system should calculate tax code A1.
? IS THIS POSSIBLE TO LINK VENDOR NO, GL ACCOUNT (GL A/C) AND TAX CODES.
? IF YES PLS LET ME KNOW HOW.
Note: we are using 4.7 EE Version
Hello
In manual invoicing choosing the right tax code is possible. I am not sure how this can be automated, try substitutions. When it comes to reporting, standard report may not be of much use. Try a query or check with client if he is interested in std report enhancement or modification.
Reg
assign points if useful
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