TDS Amount in incoming payment
Hi!
can you please guide me on booking a incoming payment with a TDS. with the help of TDS Manual i understood that, while booking Incoming payment for a customer the TDS Amount applicable has to be manualy entered in the column TDS Amount which is located above WTax Amount field. But i am not getting any ledger posting as mentioned in the manual. where i am wrong.
Hi Thangaraj
As per the TDS manual they have explained like when ur placing amount in the TDS amount field it will post JE for that, technically i think there was no link for that field and for account or there was no setup....
THis i was did experiment in version 4.0 & 5.1 its not working.....
So For Regarding "TDS Amount" issue u have to speak directly to Citixys only.....
U may know this....
But Basically u can create the TDS code for "Invocie" & "Payment" TYpe.
For Invocie : The TDS value will be deducted from the value from "Total before discount"Doctotal from invoice and remaining amount will be the invoice total.
For Payment" The TDS value will be showned in Invocie(But the TDS value is not included in Doctotal) and while making Incomin payment that value of TDS value will be deducted and it will go the respective TDS account as per ur setup...The Respective invoice will be closed...
If suppose in sales invoice u have not included the tds value and given to customer , but while making payment he was deducting the tds value then u can use credit card voucher tab for booking the tds or Bank transfer tab if customer pays threough cheque...and make the total value of invoice...so it will be reconcilled as well the TDS amount will go to the respecctive acc....
Giri
Similar Messages
-
TDS amount deduct on payment to vendor
Dear Expert,
i have done extended withholding tax configuration but i have faced problem when i use T.Code F-48 of vendor outgoing payment
TDS amount does not deduct payment but document is generated. requirement of customer TDS Amount deduct on payment.
Thanks & Regards.
ShaileshDear Expert
i have check it but every thing is fine when use t.code f-48 amount should not be deduct but when i use T.code F110 TDS amount automatically deducted . question is that why should not deduct on TDS in t.Code F-48.
Thanks
Shailesh. -
Payment wizard for incoming payment.
Dear all,
we need to enter TDS amount in incoming payment wizard.when we are adding payment wizard for incoming payments there is no option for TDS amount. is it possible to create udf for payment wizard. how we can solve this issue please guide me.
Regds,
Sampath kuamr devunuri.Hello Kumar,
Unfortunately, it is not possible to create a UDF in any wizard.
Kind Regards,
Marcella Rivi
SAP Business One Forums Team -
Hi
can anyone provide solution to this scenario.
I want to apply TDS while making incoming payments from clients.
Scenario: example
A/R invoice for ..............115000 is raised for xyz client
Amount before tax is ......................................100000
Amount after tax ie (Service tax ) .....................115000
In A/R invoice i have define TDS in withholding tax and selected option to be applicable at time of payment.
It is working fine but only problem is TDS is getting calculated
on the amount before tax ie................100000
but i want it to be calulated on the document total ie.......115000
Is there any option to solve this scenario
Regards
swapnilWhile creating the With Holding tax (In 'With hold Tax Set up' Window), choose the Basetype as 'Gross'
Previously u might have chosen as 'Net'.
From Help File,
. Gross the withholding tax will be calculated from the gross amount (including VAT).
· Net - the withholding tax will be calculated from the net amount (excluding VAT).
Regards,
Dhana -
Dear all,
Is it possible to have TDS at time of making incoming payments for customers.
I have define TDS in witholding tax which is calculated at time
of preparing invoice and effect of the same is seen at time of
posting invoice or during incoming payment depending on the
category option selected in WT window.
Our client dont have any fixed % for TDS............... so what
he wants is while making incoming payment for customer he
must be able to enter TDS % or the amount detected....
can any one tell how to handle this in SAP B One.
regards
swapnil
Edited by: Philip Eller on Jun 6, 2008 9:22 AMHi
First tell me, are you using TDS add-on?
if your answer is YES, than you can have TDS effect in Incoming payment.
You just need to map the TDS code in you Customer(BP) master, accounting tab and open the flag Subject to withholding and select TDS code for P, for example you have TDS code for professional fees, you will get two codes in WT code form, set as default that code which is end with P.
And at the time of doing Incomming payment, keep TDS add-on in start mode.
In incoming payment right side above project field, you will get WT code field with drop down list, there you have to select the Wt code for deduction.
regards
kamlesh -
Payment on Account in Incoming payment
Dear All,
We are creating a addon for incoming payment through DI API. We are adding incoming payment based on journal entry and Invoice. While creating this entry in incoming payment, Payment on account checkbox is automatically enabled for the balance amount if the amount of incoming payment is less than the value of Invoice or outstanding in the journal entry. In this scenario we are unable to do the next incoming payment for the same invoice or the same journal entry(Customer outstanding amount). The following is the coding we are using for this purpose. Can any one suggest us as how to solve this problem.?
ocompany.GetNewObjectCode(CStr(jeno))
oPmt = ocompany.GetBusinessObject(SAPbobsCOM.BoObjectTypes.oIncomingPayments)
oPmt.DocType = SAPbobsCOM.BoRcptTypes.rCustomer
sNum = invno
oPmt.CardCode = custcode
oPmt.Invoices.InvoiceType = SAPbobsCOM.BoRcptInvTypes.it_JournalEntry
oPmt.Invoices.DocEntry = jeno
oPmt.Remarks = crno
oPmt.DocDate = docdate.Date
oPmt.DocTypte = SAPbobsCOM.BoRcptTypes.rCustomer
oPmt.CashSum = chqsum
If oPmt.Add() <> 0 Then
MessageBox.Show(ocompany.GetLastErrorDescription)
SBO_Application.MessageBox("Problem in Payment for Invoice no: " & crno & " Problem found is - " & ocompany.GetLastErrorDescription)
Else
End If
Regards,
ChandramohanHello Thiya,
see this thread: [Re: How to do an incoming payment based on journal entry whit SDK ?]
I did post some example code from the sdk help.
HTH
Regards Teun Aben -
I need to post Incoming Payment for a customer via SDK.
This case I have to select all transaction like ( AR INVOICE , ADVANCE AMOUNT IN INCOMING PAYMENT, CREDIT JE ,DEBIT JE ,OUTGOING PAYMENT,A/R DOWN PAYMENT , A/R CREDIT MEMO )
ERROR CODE is: BASE DOCUMENT ENTRY AND TARGET DOCUMENT ENTRY DOES NOT MATCH
i need some explainable about doc-line concept , where and in which case we have to give docline property
Thanks in AdvanceDear Jaykumar / Tausif,
In AR customer ref no. set one FMS like (Copy sequence in Customer Ref no.) and fetch your Sequence number in your customer ref no.
its sole your incoming payment issue problem and agging reports also.
Try its manually first and let me know.
Regards
Mangesh Pagdhare
Edited by: MANGESH PAGDHARE on Aug 4, 2011 7:22 AM -
Dear SAP Friends,
If the incoming payment in lockbox file for invoice number 1005 is $900 whereas actual invoice 1005 is due for $1000.
After uploading the lockbox file it shows a new document number 2209 with $900 as DZ (customer payment).
But then how can I recognize that this payment for $900 is against invoice 1005 of $1000. Still in FBL5N it is showing invoice 1005 due for $1000.
Regards,
PaulHi,
In a lockbox processing, when a file is processed the Customer number is identified based on MICR / Account number maintained in Customer. In the subsequent step based on invoice number and amount, the incoming payment is applied to invoices.
Even if the Customer is not identified based on MICR, Lockbox processing can identify the invoice based on invoice number and apply the payment.
If the amount received is not matching with invoice amount due, in such cases if the Customer is identified it will be posted on account. Subsequently, this needs to be applied to invoices manually, as per the details received from Customer. Banks provide the details of incoming payments received through online including the invoice details furnished by Customers.
If the Customer number and Invoice number are not identified, the amount will remain unprocessed, which needs to be manually applied to a Customer account - invoices.
The incoming payments can be identified based on document type.
Thanks
Murali. -
Incoming Payment document setting: Under/Overpayment Amount
I upgrade a customer to SBO 2007 SP01 PL09 and if I open the document setting for the incoming payment (and outgoing payment) I don't see any more the line to set up the Under/Overpayment Amount.
I make a test on the SBO 8.8 and is the same.
Where is moved this set up? In the documentation is described as before in this set up.
ThanksCheck this: Under/Overpayment Amt Allowing missing in 2007A SP01 PL9 US localization
Thanks,
Gordon -
Hi
While making the customer payment f-28 customer will deduct some amount for TDS
For Ex: invoice amount is 100000
While making the customer payment customer will pay 98,500 and customer will deduct 1500 rs for TDS
How can we enter this?
And sometimes our client will get advance payments from customers on this advance payment how we can enter tds?
Please provide solution for this
Regards
SriniHi vivek
Thanks for your reply
This TDS camount ustomer will deduct not on percentage basis
This TDS amount customer will deduct by manually
My client want to enter TDS amount manually
so is it possible to enter in F-02 with TDS receivebles G/L account DEBIT?
After customer invoice posted in FB70 can we enter customer payment and TDS amount in F-02?
For Ex:
Invoice posted 100000 in FB70
After that customer will pay cheque amount 98000 against invoice 100000
And 2000 rs he will deduct under TDS and he will pay to government on behalf of our client
So can we enter this manually in F-02
Accounting entry will be
Bank collection a/c Dr 98000
TDS Receiveble a/c DR 2000
To customer a/c 100000
can we enter like this in F-02?
Please suggest on this
Regards
Srini -
Incoming payment by F-28: Reason code error while posting
Hello everyone,
I want to post Incoing Payment using F-28 net of TDS. I want the separate GL account to be picked up automatically for the difference when I enter the Reason Code 003.
I did the following customization for the same.
1. Financial Accounting> Accounts Receivable and Accounts Payable> Business Transactions>Incoimng Payments> Incoming Payments Global Settings>Overpayment/Underpayment> Define Reason Codes:- Here I selected the Indicator 'C' for reason code 003 which is for "Indicator: Charge off difference via separate account". The reason code 003 is for TDS Netted
2. Below the Define Reason Code node, I selected the node 'Define Accounts for Payment Differences' . Selected the key ' Rules' and selected the checkbox 'Reason Code'. Then clicked on 'Accounts' and enetered the desired GL account against the reason code '003'.
After doing the above customization I posted the Incoming payment using T code F-28. I entered the difference in the field 'Difference Posting'. Then entered reason code '003' which is for 'TDS netted' in the field 'Reason Code'. Now, I am getting the follwoing error.
Reason codes with automatic charge-off are not permitted here
Message no. F5605
Diagnosis
The reason code entered is designed to ensure that the payment difference amount is posted to an account specially set up for this purpose. Postings of this nature usually require additional specifications (e.g. tax code, business area). If the difference stems from a single open item, the necessary specifications can be taken from that item. In the case that led to this error message, however, the difference does not stem soley from one item, which means that this method cannot be used.
System Response
The reason code entered is not accepted.
Procedure
You can either select a different reason code, which would create a new open item for the customer or vendor OR write off the difference using the function Charge off diff.. This function either takes you into a pre-configured account assignment model or into the document overview. From here you can enter the required difference postings.
How can I proceed ahead?
Thanks and Regards,
PradnyaHi Saulo,
Thanks for ur reply.
I had alreay done the config in OBXL and OBBE. Only thing I wanted to know is while posting Incoming Payment by F-28, how to use this reason code.
Ur reply was a gr8 help for me.
Regards,
Pradnya -
hi ,
Regards TDS,Can u explain with one example?(step by step how can i do ?)
error: TDS amount is not captured at miro entry
help me
regards
kavihi,
TDS settings are done by FI consultants. the vendor master should have TDS Details in the TAB withholding tax. the vendor that are liable for TDS and the values maintained in vendor master will get defaulted at the time of MIRO.
Country Version India comes ready configured with all the settings you need to track and remit withholding taxes under the following sections of the Income Tax Act, 1961:
· Payments to contractors and subcontractors (Section 194 C)
· Insurance commission (Section 194 D)
· Rent (Section 194 I)
· Fees for professional or technical services (Section 194 J)
· Interest other than interest on securities (Section 194 A) (only supported in the Extended Withholding Tax solution)
Features
Country Version India offers you two solutions for handling withholding tax (also known as tax deducted at source or TDS). You can either use the Classic Withholding Tax solution or the Extended Withholding Tax solution.
If you are installing SAP R/3 for the first time, we recommend that you use the Extended Withholding Tax solution. Before you decide one way or the other, however, you must give careful consideration as to whether Extended Withholding Tax covers your requirements. If you start working with this solution and it transpires that it does not cover your needs, SAP does not offer a strategy for migrating to Withholding Tax.
Taxes withheld under each section are treated differently with regard to the time limits for remitting tax to the authorities, providing the taxpayer with a withholding tax certificate, and filing an annual return. In addition, the formats for the withholding tax certificates and the returns also differ.
The Income Tax Act requires you to calculate taxes as soon as you enter an invoice. However, if you make a down payment to a vendor before you have received an invoice from it, you withhold tax on the down payment. Then, once the invoice arrives, you clear the down payment against it.
When you prepare your annual returns, the act also requires you to make provisions for taxes on services received but not yet invoiced.
Country Version India
Country Version India complements the generic Classic Withholding Tax and Extended Withholding Tax solutions with additional functions that meet the needs of the Income Tax Act. These functions allow you to:
· Ensure that you remit taxes within the due date
· Track and report withholding tax surcharges separately
· Adjust withholding taxes when you clear a down payment against an invoice
· Prepare withholding tax certificates and annual returns
· Calculate withholding tax on provisions
Rajesh -
TDS Amount on Vendor Advance Shows positive value in *QUERY* for TDS Report
Hi Everybody,
I have made a query for List of TDS Report with Vendor informations as required by my client. In which the value of TDS on Vendor Advance Payment appears as positive value instaead of negative value. Please suggest how to rectify.
Thanks,
PaulDear,
If you have cleared the advance in F-54, then this will reverse the tax amount. That could be the reason for tax amount in debit. -
TDS Reversal in Down Payment Clearing F-54
Hi,
I have a downpayment through f-48, here TDS is properly deducted.
Thenafter, I enter an invoice,here also TDS is properly deducted. Thereafter, in transaction F-54, the TDS amount deducted previously in F-48 should get reversed, which is not happening.
Checked the config, seems to be ok. Pls guide urgently.
Thanks & Regards,
ShalinHi,
First check whether have selected the tick mark for central invoice proportion for the withholding tax type at the time of payment and then you make sure that at time of entry level whether you have entered the same business place/ section code for the both the document ie., at the time of invoice and downpayment.
Regards,
ANJI -
Clearing issue Incoming payment due to Cash discount ( customers)
Hello,
During processing automatic incoming payments the system don't clear the customer open item in case the customer has taken a cash discount.
The clearing should be done automatically in the posting area 2 but now the the user needs to do manual interventions in the FEBAN in order to clear the customer
We checked the payment terms and verified the discount taken by the customer and they are ok
After investigation we guess that the original SD invoice don't send the Discount amount and Discount base amount to FI, because we saw that those fields are empty in the FI document (RV),
Also in Billing the Cash discount base field in empty...
When i tried to create a manual customer invoice those fields are well filled in and the system clears the customer open item perfectly !
Any one an idea how to fix it ?Hello,
Thanks for your feedback but the issue is not solved.
Is there difference in clearing behaviour in case the open item posting is orginated from a SD invoice ( Billing) because as stated before, when I make a FI sales invoice (FB60) the system perfectly accepts the cash discount and post and clears in postingarea 2
Also when I consult the open item position (FBL5N) the cash discount amount field is empty which is not the case when I post an FB60 invoice
Summarized
We are usiing the automatic bank statement program ( FEBC), during posting the system post perfectly posting area 1 (FEBP) but fails the post postingarea 2 ( the system makes a payment advice) the message the system generates ' Difference to large for clearing F5263'
Many thanks for help
Maybe you are looking for
-
About reports 3.0 to 10g
Hi All, I could not find relavant info on this.... please help me in brief... If I want to upgrade reports developed in reports 3.0 builder to reports 10g, do I need to compile all reports? or can I use rdf files as it is in 10g. I read in one of the
-
All I have a AM and CO. I'm currently invoking a AM procedure from the CO using am.invokeMethod("ValidateAmount"). This is working fine. But now I need to return a value from this "ValidateAmount" AM function to the CO and then pass that value to ano
-
Temporarily disabling Duplicate Check
All, We're in the middle of DEMO's for our CRM 7 project in QA. Currently when we create a new customer via the Web UI, we get a long response time. After doing some analysis I noticed that when the save function is executed in the Web UI, the prog
-
How do I read Kindle and .epub books on iBooks?
I believe I need a converter but I googled it and they seem to be software sales scams.
-
Pleas help. Thanks.