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How to create a Withholding Tax Code posting

These accounts designate the GL accounts to be allocated for withholding tax inputs and outputs.

Steps:

  1. Navigate to Set Up Files > Withholding Tax Codes. 
  2. Click the Withholding Tax Code that GL account postings are to be assigned to. 
  3. Enter or select the applicable GL accounts.  
  4. Click SAVE or SAVE & CLOSE. 

Medium KB -Jul-12-2023-01-43-39-8808-PM

Account  Description
*Output WHT GL Account

Tax on client invoices for the selected tax code. 

For example: 

The tax amount for a client job invoice is credited to this account, where the invoice tax code matches the selected tax code.

*Input WHT GL Account

Tax on supplier invoices for the selected tax code. 

For example: 

The tax amount for a supplier invoice is credited to this account, where the invoice tax code matches the selected tax code.

* Indicates this is compulsory – a GL account is required.