TDS entry in case of customers

[Former Member]

Dear Experts,

The scenario is u2013

I have received an advance of rs.1000 from customer & now I had made one invoice by deducting TDS with rate 1, now after going to the incoming payment screen as per mentioned in the manual I have put the TDS amount & done the incoming payment. Two JEu2019s were passed accordingly. Now my question how I should reconcile it against completes payment. Since when I am trying to do reconciliation it is nowhere reflecting my open invoice document.

Regards-

Mona.

[Former Member]

My isssue is solved.

Thanks

[former_member206437]

HI

IU have posted Advance agst of Invoice, at the time of paying the advance to that invocie have u posted the advance amt in Total payment Column? if its not then this invoice will not come again in Incoming payment screen, u have to post the remaining amt then u have to do manuall reconicllation with that invoice.

When ever u r making partial amt r customer making partial amt of invoice u have to specfiy that amt in Total Paymetn colmn, then only the next time the invoice will show the open value..

Giri

Edited by: Giri dharan on Jan 8, 2010 1:38 PM

[Former Member]

Hello,

Thank you for your reply.

My issue is related to TDS.I am not getting how to reconcile the BP.Since as per mentioned in manual i need to internally the Open transaction against the balance amount & TDS amount.when i am trying to do the same thing i.e trying to reconcile it is showing me error.SO, what is the actual process where i am gettng wrong?

mona.

[Former Member]

Hi!

What is your Invoice Status Now ?

Did both the entries are reflecting on your BP Account Balance Details ?

[Former Member]

Hello,

Now when i have checked customer ageing report it is reflecting JE of the tds amount, which i need to reconcile but when i am trying to reconcile using bp reconciliation window & trying to reconcile it is reflecting error -

The error is -Withholding Tax needs to be processed for at least one of the selected transactions. This can only be done by restricting reconciliation to transactions with the same withholding tax code.

Mona.

[former_member206437]

HI

Please see Note 1344832.

Hope it helps