Question

Create record with matched amount higher than paid amount


Userlevel 5
Badge +10

Hi,

How do i create a record as follows in supplier payment proposal

 

An invoice of value 1000, pay for 750 using supplier payment proposal.

The record should appear in payment proposal as

‘Matched amount =1000’

‘Paid amount = 750’’

‘Withheld tax = 250”

Is it possible to create a scenario as above? Do we have a set up for this 

 

Best regards

Zuha


2 replies

Userlevel 6
Badge +13

This would depend on how you have your tax code setup.   

If you have your tax code setup as tax method:  payment  then you should see your expected result.  

 

I entered a supplier invoice for $1000 -- have my withholding tax code of payment on my invoice 10%

On my payment proposal --- my matched amount is $1000   paid amount= $900 and withhold amount:  $100

Userlevel 5
Badge +10

Hi @Zuha Samsudeen 

 

in my opinion it depends on setting in the supplier screen.

In the Tax Withholding/Reporting screen the parameter Withholgind Base should be set as Actual Paid Amount. 

Then the reduced amount should be paid.

 

Best regards,

Małgorzata

 

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