TDS on Outgoing Payment
Hi All,
I have gone through many threads but not able to find proper solution for a general scenario which will be requirement of many customer.
Scenario:
Is very simple. I have make Payment to Vendor on Acount ( Advance Payment) on which i need to deduct TDS.
As per TDS Manual nothing is mentioned how to manage this scenario.
While defining TDS code in WT window there are 2 options ( Invoice / Payment). If the payment option is selected and Payment is made nothing happens
I am aware i have to make AP downpayment for this and then make outgoing payment which unnecessaryliy increase one step for user.
Just want to confirm is there any direct way to apply TDS while making pyament on account.
Response will be appreciated.
Hi,
3.6 Payment on Account
Navigation: - Banking Outgoing Payment TDS on advance payment can be deducted through outgoing payment based on u201CPayment on Accountu201D selection.
Points to remember:-
Vendor (Subject to Withholding Tax) should be selected.
WTCode of u201CPu201D type should be chosen.
u201CPayment on Accountu201D check box should be checked.
These are the lines from TDS add on manual -2007B if you make above settings then while posting the on account payment when you enter the amount in amount field in the header automatically the withholding tax fields are enabled and when you chose the category the witholding tax will be calculated and posted when you add the document
Please check it,This scenario is addressed by the manual
thanks
Md.nazeer Shaikh
Similar Messages
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Is there a way to deduct TDS on outgoing payment without making AP down payment Invoice?
Hi
One of my client want to deduct TDS on out going payment but they do not want to create AP down payment invoice for this.
Please suggest me the best way.
Regards
AshishHi,
No other feasible workaround other than creating AP Down Payment Invoice to record the TDS.
Kind Regards,
Jitin
SAP Business One Global Support -
How to deduct TDS while making an Outgoing Payment
Company wants to deduct TDS while making an outgoing payments to Contractors / Jobworkers / Transporters.... can anyobody guide me
Edited by: Marc Riar on Feb 19, 2008 10:23 AMHi sanjay,
For deducting the with holding tax, First you have to define some withholding tax codes with the percentages of the amount.
For creating the with holding codes
go to
Administration>Setup>Financials>Tax>WithHolding Tax>
There a create tax code
Now Go to A/P Invoice. Select a vendor and change Itrem/service type to Service
Then give the details of g/l and make WTax Liable to yes. There you can set the with holding tax code that was created. Based on that you can see the Wtax amount in the footer of the form..
When you make the payment to particular vendor it automatically creates ledger entry for with holding tax also..
Regards,
Jagadeesh.V -
TDS While making outgoing payment
Hi,
How to deduct TDS while making outgoing payments?
Pls help in this regards
Thanks & Regards
Suresh Kannan
Edited by: Marc Riar on Jan 31, 2008 2:18 PM
Edited by: Marc Riar on Feb 15, 2008 9:36 AMHi Suresh,
Every organisation is liable to deduct TDS/withholding tax on certain type of services availed, either at the time of making the payment or at the time of accounting Invoice.
In SBO, we can automate the calculation and deduction of tds on both the occasions.
For this:- Applicable TDS rates should have been pre-configured and should be assigned to Business Partner Master Records.
You configure Withholding taxes in - administration/definition(Setup)/Financials/Tax/Withholding taxes.
You assign the WH Tax codes in BP Master in BP Master/Accounting/Tax Tab/check box subject to withholding taxes.
Assign points if useful.
Thanks,
Srikatnh -
Pick TDS Entries in Outgoing Payment
Hi,
While making Outgoing payment for TDS type, we need to click on Pick TDS Entries, where we get the list of documents where TDS has been deducted but i need a filteration in there because the list is so long to choose the documents against which TDS needs to be deducted.
Kindly advice.
Regards,
Ashishhi
i am sorry thats the only basis functionality available in the standard b1 however u can customize or generate it as per our liking with the help of SDK
U would require to take help of coding
Regards.
Manish -
TDS Enteries does not display AP Invoice in Outgoing Payments
Hi All,
I am Using SAP 2007 B PL 08.
I am Using TDS Addon Ver. 4.8
I have Create the one Vendor . In this Vendor I have Select the WTax Codes Allowed is Contractor
Now i have create Service AP Invoice.
Journal Entry is
Vendor is Credit - 98
TDS Payable Contractor is Credit - 2
Security Charges is Debit - 100
Now i have Create the OutGoing Payments.that time i have select the Type is Account.
We take account is TDS Payable Contractor Account after i Click on Select TDS Entries button
So TDS Entries Windows Open. but dose not display the AP invoice.
My Issue is TDS Enteries does not display AP Invoice in Outgoing Payments
So Please any one can know the Solution?????
Dixit Patel
Edited by: Dixit Patel on Nov 28, 2008 1:14 PMhi Dixit Patel,
You can contact Harish or Sushanth of Citixsys at the following email Id:
harish.kumar(at)citixsys.com
sushant.mohanthy(at)citixsys.com or
if required contact Harish Kumar (Citixsys) on 01142696666
Regards,
Abhishek -
Hi all,
I need to make Outgoing payment with cheque for the following entry.
Remuniration A/C - Dr 50000
To TDS Payable Cr --- 2000
To S/H Cess Cr --- 1000
To Bank Cr --- 47000
i.e I have multiple credit entries. How do we map in B1. I cannot journal entry. Because I need to capture the cheque number.
Kindly provide me the solution for above scenario
Thanks in Advance
Shashi
Edited by: shashi mantripragada on Oct 13, 2008 5:51 AMHi Shashi,
There is one work aorund for that as follows -
You need to select radio button of account in Outgoing Payment, in this you need to select the desired accounts & put the negative amount (amount with negative sign) for the accounts needs to be credited.
In your case,
Account Amounts
Remuneration A/c 50000
TDS A/c -2000
SHEcess A/c -1000
Now, go to payment means & pay by check amount Rs. 47000.
Hope this will help you.
Regards,
Abhishek -
Outgoing Payment not allowed with witholding Tax 8.8
I am getting error "No Matching Record Found - PCH4 ODBC-2028" while making outgoing payment
in SBO 8.8
W.Tax applied on A/P invoice and showing correctly but error is coming while making payment against
this invoice.
What's wrong.
OPSHi Sanju,
I have tried both way:
(1) First I created service Invoice and applying witholding tax... It calcualted TDS correctly.
When I try to make payment against this Invoice, Outstand Amt showing correctly.
But it does not allow me to add outgoing payment and giving error "matching record not
found PCH4-ODBC-2028"
(2) I created service Invoice and not applying WTax. Even it is not allowing to make payment
as same error is coming.
In gen practice, we have to deduct, TDS of all contractors. let me know some clue. I did setup
exactly as per guideline of How-To documents of SAP.
Any clue by any one
OPS -
Table in SQL for Outgoing payments
Hi,
I am creating a SQL Statement to pull some information out regarding outgoing payments to the G/L and I expected to see the transaction lines in the RCT4 table but they don't appear.
Can anyone tell me which table this is stored in please?
thanksHi,
Outgoing payments table are OVPM, VPM1 etc.
Regards,
Jitin
SAP Business One Forum Team -
Hello,
I encountered an error in the Payment Wizard screen as I was creating an Outgoing Payment for petty cash expenses. On the “Recommendation Report” screen, I clicked “Non-Included Trans.” and saw that one of the vendors (Vendor Code: WILCO) has the following error:
“The document amount is greater than the max. amount allowed in the payment methods linked to the BP”
Upon checking, the “PCF-W” Payment Method linked to WILCO does not have any restrictions, nor does WILCO have any credit/commitment limit set. I have also appropriately defined the Dummy Business Partner Bank (under Payment Terms) as well as checked the “Included” box for PCF-W on the Payment Run-Payment Methods screen.
Could anyone please help me on this?
Salamat,
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Hello,
We have a Query shown below that allows us to view Incoming payments made each day to an invoice.
SELECT T2.CardCode [BP Acct#], T2.CardName [BP Company Name], T2.DocNum [Invoice #], T1.DocDate [Receipt Date], T2.DocTotal [Invoice Sum], T0.DcntSum, T0.SumApplied AS 'Paid to Invoice' FROM [dbo].[RCT2] T0 INNER JOIN [dbo].[ORCT] T1 ON T1.DocNum = T0.DocNum INNER JOIN [dbo].[OINV] T2 ON T2.DocEntry = T0.DocEntry WHERE T1.DocDate = '[%0]'
We would like to modify this query so that the last column of information shows the Outgoing payments made. Meaning, any amount of money that we owe a customer and therefore apply to their outstanding invoice or as a credit memo, etc.
Can someone show us how to do this modification?
Thanks!Mike,
Try this, this is your query, and it works perfect on my DB
1) SELECT T2.CardCode BP, T2.CardName CompanyName, T2.DocNum Invoice, T1.DocDate ReceiptDate, T2.DocTotal InvoiceSum, T0.DcntSum, T0.SumApplied AS 'Credit to Invoice'
FROM dbo.VPM2 T0 INNER JOIN dbo.OVPM T1 ON T1.DocNum = T0.DocNum INNER JOIN dbo.OPCH T2 ON T2.DocEntry = T0.DocEntry
if this query give you results, the problem could it be in the WHERE clause "where T0.DocDate = '[%0]'
Because you are not inserting a valid value in the '[%0]', maybe you are writing a date that doesnt existe in the "Existing Values" buttom.
Slds,.
Esteban Martinez -
Hi Experts..
In which table outgoing payment row level data stores. There are no row level data stores in both OVPM & VPM1 table.
Here I am clearing my point that I need a report in which I can show A/P Invoice, A/P Credit Memo & JE details in deiff coloums.
That's why I need the same. My client wants PLD in which he can differentiate all Open Invoices, Cr Memo & JE's.
Sry if I am not much clear.
Awaiting for kind reply.
Regards,
RaviHi ...
Actually My vendors need a Deduction details on Outgoing Payments print layout. In basic PLD it is not possible.
They need Diff Amounts of diff. forms(deduction) like A/P Invoice- Post Date- doctotal, A/P Cr. Memo - doctotal, JE if any.
And they need it on Payment Advice Print Layout(Outoign payment). Then I thought to create UDF & set FMS on them & then set on PLD.
Plz suggest if you have better ideas. Every idea would be highly appreciated.
Regards,
Ravi
Edited by: RAVI_JHA_SAP on May 27, 2011 2:24 PM -
Outgoing Payment Report - Bank Transfer
Does SAP Business One have a built in "Outgoing Payments report" that would display payments made via bank transfers?
Or the only option is to create a query?
Thanks,Hi
How about checking at forum too.
Here is one of the query
Reg: Bank Transfer Repor
Thank you
Bishal -
In this scenario of post outgoing payment process open items , i' m facing a error titled as below
The difference is too large for clearing
Message no. F5263
Diagnosis
A non-assigned difference exists for the specified clearing amount.
The difference for an automatic difference posting must not be greater than the difference permitted for the user, nor greater than the difference permitted for the tolerance group that is contained in the customer/vendor master record.
System Response
It is not possible to automatically charge off the difference.
Procedure
You can charge off the difference manually using the function "Clear differences". You define the upper limits for automatically clearing differences in the tolerance group assigned to the user.
Change tolerance groups for user
I gave the specifications in (OBA4 screen) i.e., change tolerance groups for users/employees are as follows
Amount per document : 9999999999
Amount per open item account item : 9999999999
Cash discount per line item : 10%
Permitted payment differences left blank
What else do i need to execute ?
Please aid me in resolving the error....
Thanks in advance,
Heamanthkkumar.Hi,
it seems you want to make a partial payment of 15000, select the line item against which you want to make the payment. On the payment amount field put -15000 and then simulate. It will credit the bank account and debit you expense account. Pls refer the screen shot.
best regds
Subha -
Error doing outgoing payment against A/P Downpayment Request
Hi,
I am working on SAP B1 8.8 PL00(evaluation version). While posting Outgoing Payment against A/P Downpayment Request,system displays following error message-'Invalid Account Code'. It happens for both the payment means-Check as well as Cash. In G/L Account Determination -Purchase Tab-General Tab I have assigned G/L account to 'Down Payment Tax Offset Account'. Also in BP Master following accounts have been assigned-1.Accounts Payable 2.Down Payment Clearing Account.
What could be the reason of the error?Please guide me.
Regards
SudhirDear Sudhir Jadhav,
Apart from the accounts that you have mentioned there is also the Down Payment Interim Account in the General Tab of the Purchasing and Sales tab of the G/L Account Determination.
I have tested the creation of the payment for the Down Payment and at first I could not add it because of an account issue. When I added this account it worked.
Regards,
Marcella Rivi
SAP Business One Forums Team
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