AOS machines application ( events )

Setting up vendor withholding options

Use the Vendor Withholding Options window to specify tax withholding for a vendor.

Before you enter withholding options, you must enter your company’s withholding rate, withholding vendor ID, and withholding file/reconciliation number information using the Company Setup Options window.

Now enter Withholding vendor id, withholding rate and withholding file number.

To set up vendor withholding options:

Open the Vendor Withholding Options window.

(Cards >> Purchasing >> Vendor >> Withholding button)

Mark Subject To Withholding Deduction.

Select a withholding type.

Enter the vendor’s tax rate.

Payable Transaction Entry

Now enter vendor withholding invoice. When you select vendor Payable Transaction Entry and enter a vendor invoice a message windows comes and ask “Is this document subject to withholding?” Select Yes to record the invoice to deduct.

Now you can see in next image a circle around the WHT rate for this vendor will be appear. You can change it if you need to change for this particular invoice (if it differs from this vendor normal invoices WHT tax rate)

Save it in a Batch if you need, otherwise you can post this invoice directly from above window.

Now it is the time to pay against this invoice. We make a Manual Payments Transaction entry.

Transaction >> Purchase > Manual Payments

After entering Manual Payment  

Manual Payment Amount = Vendor Invoice Amount – WHT.

Now apply this payment with invoice, you entered earlier by selecting the options

“Is this document subject to withholding?”

It will automatically create a batch in financial of WHT. Post this batch to update the financial with WHT.

Any further assistance please contact

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