*This post is locked for comments
Yes, you are right that there is no Modular Entry available in GP, for deduction of WHT from Advance Payments. It has a work around that you do it in two steps;
01. Make Manual Payment for net amount of cheque.
02. Make a Payable Transaction Entry in Purchasing Module, for that amount which is withheld from payment, by selecting Document Type as Credit Memo. In distribution the Payable impact could charge to WHT GL Code.
I hope it could resolve your issue.
Regards.
/Irfan.
Hi, can you confirm that the following is what you want to do?
You want to pay a vendor, and be ale to calculate how much sales tax is included in the payment, even though you don't have an invoice to apply it against.
What would you base the tax calculation on?...the vendors tax schedule ID?
You could run a smartlist of unapplied payments in the period, along with the vndors tax schedule ID and its tax perentae. Export toXL and manually adjust your tax return. You would need to reverse this the following month and rerun the smatlist (as some of last onths payments will now have invoices applied).
Without investing in a development, this could be a good workaround.
We did a development about 3 years ago for a similar requirement for a european company who was operating a 'cash' basis sales tax system...ie they paid the sales tax on cash deposits from customers before they issued invoices. Unfortunately there is no way in standard GP to accommodate this.
Stay up to date on forum activity by subscribing. You can also customize your in-app and email Notification settings across all subscriptions.
#1
André Arnaud de Cal...
291,280
Super User 2024 Season 2
#2
Martin Dráb
230,214
Most Valuable Professional
#3
nmaenpaa
101,156
Share
Report
All responses (
Answers (