Dynamics Community Forum Thread Details

Prepayment is not deducting withholding tax amount

Hello,

When my invoice value is less then pre-paid amount system is not generating withholding "PV" (Payable Voucher).

Can someone guide on this.

Thanks

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Hello,

In Microsoft Dynamics GP if your prepayment is greater than the total amount that you end up invoicing, the invoiced amount is applied to the pre-payment and the remaining amount stays open on the original pre-payment to be applied to other documents on the Vendor, there is not credit automatically issued in this scenario.

Prepayment of $1000 on PO.

Invoice is only for $800.

This $800 gets automatically applied to the pre-payment in Payables.

The Prepayments is still open and has $200 left on it that can be applied to future invoices.

If you do not want to use this $200 as a credit on future purchases you could apply a misc charge or dummy invoice to it to complete the prepayment and then distribute the $200 however you wish based on how the Vendor pays you back for the difference.

If you are saying that the $800 is not applying at all, then that would be an out of the ordinary issue, and you may need to open a support case to troubleshoot why that $800 is not applying as I just tested this process in my system and it is working as described above.

Thanks!

Isaac Olson

Microsoft Support.

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