Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

How to enter withholding tax on invoice without reducing transaction amount?

Summary:

How to enter withholding tax on invoice without reducing transaction amount?

Content (please ensure you mask any confidential information):

We want to enter withholding taxes in the invoice and have tried the following workarounds:

  • Enter a negative invoice line
  • Use a negative tax rate

However, both workarounds reduce the transaction amount by the amount of withholding tax. These are the entries we want to achieve:

  1. Upon billing, the withholding tax will be recorded as "AR - Withholding Tax" since this is still a receivable from the customer at this point
    Dr. AR - Trade
    Dr. AR - Withholding Tax

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!