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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Wrongly Unsettled With...
Microsoft Dynamics AX (Archived)

Wrongly Unsettled Withholding Tax on Vendor Invoice.

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Posted on by ERP Doctor 42

Dear Pals,

Looking for solution of following issue:

In "closed Transaction editing", if System generated Voucher for WHT is reversed wrongly (unsettled), it automatically also records Transaction Reversal for WHT in Ledger Accounts and that amount of WHT starts reflecting for settlement.

If we generated a Manual JV for this amount, Ledger Accounts are settled correctly, but, this transaction does not reflects into WH Tax Standard Report, which accountants use to pay deducted amount to government.

 

The question is how to generate similar automated WHT Voucher for this wrongly unsettled transaction which recorded auto reversal entries into ledgers.

Please Advise.  

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  • ERP Doctor Profile Picture
    ERP Doctor 42 on at
    RE: Wrongly Unsettled Withholding Tax on Vendor Invoice.

    Any possible help ?

  • ERP Doctor Profile Picture
    ERP Doctor 42 on at
    RE: Wrongly Unsettled Withholding Tax on Vendor Invoice.

    Yes, that only settle the original total amount of Check with any pending Invoice, do not calculates or deducts WH Tax.

    Listing my complete scenario.

    1. An invoice was generated amounting 1,000/-

    2. While generating payment 10% WH Tax was selected.

    3. Payment of Check was 900/- and 100/- went into WH Tax automatically.

    Now,

    4. From Close Transaction editing FORM I wrongly Unsettled WH TAX Voucher, it automatically reversed the Tax Entries into Ledger Accounts.

    5. Now, I have invoice amounting to 1,000/- and Payment of 900/- ... When I settle it, WH Tax Amount remains as it is.

    6. If I pass JV in GL Module selecting TAX Accounts and Offsetting with Vendor, amount is correctly settled, but, it does not reflects into WH TAX Standard Report.

    Need any help how to get those automatically reversed entries back... ?

    Best Regards,

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: Wrongly Unsettled Withholding Tax on Vendor Invoice.

    Hi,

    Have you already tried to reverse the incorrect unsettlement in the open transaction settlement form?

    Best regards,

    Ludwig

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