KB10: Microsoft Dynamics’ feature on calculation of TDS

Mandatory fields for TDS calculation on general journal, purchase journal, purchase invoice, purchase order.

• Create General Journal or Purchase Journal

  1. Choose the  icon, enter General Journal or Purchase Journal, and then choose the related link.
  2. Select Vendor in Account Type and select relevant vendor code in Account No. field. Select G/L Account in Bal. Account Type and select relevant expense account in Bal. Account No. field.
  3. Select relevant TDS Section on journal line. Location Code and T.A.N No. fields should not be blank.

• Create Purchase Invoice or Purchase Order

  1. Choose the  icon, enter Purchase Invoice or Purchase Order, and then choose the related link.
  2. Select Vendor, Location Code on Purchase Order or Purchase Invoice header
  3. Select G/L Account on Purchase Order or Purchase Invoice line. TDS Section, Location Code and T.A.N No. fields should not be blank.

Setup: Map TDS Receivable Account in TDS Group.

Master: Map Nature of Deduction against Customer.

Transaction: TDS on Customer will be calculated only in JV.

Preview Posting:

Finally, Post the Transaction.

If your company is looking for ERM services in Vadodara or anywhere around the globe, drop an email to enquiry@dhyey.com and our team will be glad to set up a free demo for your brand!