on 03-13-2021 7:49 AM
Hello,
my customer receives 81 euros net interest earned on bank statement. The bank withheld 19%. How do I configure electronic bank statement to post:
Dt Bank 81
Ct Interest earned 100
Dt Withholding tax 19
My client at year end reclassifies
Ct Withholding tax 19
Dt Interest tax expense 19
Does this make sense from accounting perspective? Shouldnt one post with the EBS like this?
Dt Bank 81
Ct Interest earned 81
Thanks for any tip.
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