Payables and Cash Management - EBS (MOSC)

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How to Handle Security Deposit in Payables

edited Jul 17, 2017 9:41AM in Payables and Cash Management - EBS (MOSC) 5 commentsAnswered ✓

Hi,

I would like to know that how we can perform the security deposit transaction against the supplier in payables.

Like we take the office for rent but we pay to supplier a security deposit Rs. 10 Lac  in advance which will be adjusted against the rent amount at the end of lease period.

Please advise how I can enter security deposit paid to supplier and when has to be adjusted how can we do so?

As it is a security deposit we cannot deduct TDS on it but when we are paying Rent we have to deduct TDS on it. So, if we enter security deposit as Prepayment without TDS and Standard Invoice for Rent with TDS, we cannot apply the prepayment and getting error as : "Application cannot be done as the section code is different in both the documents".

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