Hie Gurus
I am posting an outgoing payment of 4000 dollars for a vendor account. The process involves calculation of withholding tax at the point of payment.The withholding tax rate is 10%. The system document is as follows
DR Vendor 4000
DR Vendor 400
CR BANK 4000
CR Witholding tax 400
I feel this is a wrong. What wrong with my setting.
Regards
Jerry