Greetings -
I was wondering if anyone could recommend a 3rd party software for Accts Payable.
Here's the requirement:
In Puerto Rico when creating a voucher - we need to designate a Vendor as 'requires withholding'.
If we enter a voucher - the system needs to have ability to configure a withholding schedule - example -
Voucher is $10,000
First $1500 is exempt from with holding - $8500 - must withhold - 30%.
Therefore, when check is run - payment would be $7450 - account distributions must also be altered to accrue for the tax liability.
Anybody guidance is appreciated.........
*This post is locked for comments
I have the same question (0)
