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Former Member

Wtax amount in journal entry is in credit side

I'm creating journal entry and manage wtax is ticked mark. After selecting and putting an amount on the withholding tax table the entry was always on credit side. Is this normal? I want to be in debit the withholding tax. Is there a configuration I missed?

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4 Answers

  • Jun 29, 2017 at 04:09 AM

    Hi Precious,

    Since its payable and so you record it as a liability. So it will be credited.

    If you want to debit the withholding tax then can you explain the scenario and share screen shot of the entry.

    Regards:

    Balaji.S

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  • Jun 29, 2017 at 04:48 AM

    Hi,

    Suggest you to check with your company Financial consultant to post above journal entry.

    Regards,

    Nagarajan

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    Former Member
    Jun 29, 2017 at 04:45 AM

    Balaji,

    Is it safe to say that this behavior is normal?

    The withholding tax GL account of the client is under asset. I'm using the JE module is because the I want to adjust my open AR to be the withholding tax. We did not use the wtax table on the AR invoice due to requested by the client.

    I want to use the manage wtax on the JE for our customized report to include this on the entry.

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    Former Member
    Jun 29, 2017 at 04:58 AM

    I will. I terms of SAP B1 behavior. Is this normal?

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    • I am using India Localization here Manage wtax option at Journal entry is not available. But for adjusting with AR you need to debit the withholding tax.

      For further AR entry, In withholding tax setup please assign category as Payment this will not deduct with holding amount at Invoice but later at payment it will deduct.

      Regards:

      Balaji.S