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ReportHello Everyone,
Anyone ever set up Bridge Account in WHT settlement process Vendor Payments and Advance Bank Reconciliation before?
I tried setting up the Bridge Account in the invoice journal in case of Withholding tax settlement, but the system didn’t post to the GL bridge account.
My company is using D365 Thai localization.
I would like to post the GL accounts following this process.
(Invoice 10,000 WHT 3%)
Invoice journal:
Dr Expense 10,000
Cr Vendor 9,700
Cr Bridge 300
Vendor payment journal:
Dr Vendor 9,700
Cr Bank 9,700
Tax settlement job:
Dr Bridge 300
Cr WHT payable 300
Bank payment to Revenue Dept.:
Dr WHT payable 300
Cr Bank 300
Regards.
JW.
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