tds module in accounting

[aswath narayana]

Hello All,
Is there any way, we can do TDS (Tax deducted at source) in the accounting
module.

For example,
We we make a payment to a supplier, as per country laws, we have to withhold
some tax and then make the payment to the supplier.

Regards
-Aswath

[aswath narayana]

I am thinking the following to do TDS

* create a purchase invoice
* add invoice items

After this, currently there is a menu item 'add tax', and then the final
invoice amount is calculated.

To do TDS,
Similarly, we have another menu item 'deduct tax'
Then an payment could be made against this invoice.

Let me know what you think

Regards
-Aswath


On Wed, Nov 25, 2009 at 10:55 AM, aswath narayana <
[hidden email]> wrote:

> Hello All,
> Is there any way, we can do TDS (Tax deducted at source) in the accounting
> module.
>
> For example,
> We we make a payment to a supplier, as per country laws, we have to
> withhold some tax and then make the payment to the supplier.
>
> Regards
> -Aswath
>

[Jacques Le Roux]

Aswath,

Just a guess: have you tried to put a negative number in "add tax". Of course "deduc tax" would be better. Would you like to
automatically calculate a pro rata amount ?

Jacques

From: "aswath narayana" <[hidden email]>

>I am thinking the following to do TDS
>
> * create a purchase invoice
> * add invoice items
>
> After this, currently there is a menu item 'add tax', and then the final
> invoice amount is calculated.
>
> To do TDS,
> Similarly, we have another menu item 'deduct tax'
> Then an payment could be made against this invoice.
>
> Let me know what you think
>
> Regards
> -Aswath
>
>
> On Wed, Nov 25, 2009 at 10:55 AM, aswath narayana <
> [hidden email]> wrote:
>
>> Hello All,
>> Is there any way, we can do TDS (Tax deducted at source) in the accounting
>> module.
>>
>> For example,
>> We we make a payment to a supplier, as per country laws, we have to
>> withhold some tax and then make the payment to the supplier.
>>
>> Regards
>> -Aswath
>>
>

[Anil Patel-3]

Aswath,
I agree with your approach. This is similar to Sales Tax in Sales Invoices or deductions in Payroll invoice. Make sure you create GlAccount and set it default for TDS InvoiceItemType.
 
Thanks and Regards
Anil Patel
HotWax Media Inc
http://www.hotwaxmedia.com/apache-ofbiz-blog/ofbiz-tutorial-custom-components-in-ofbiz/

On Nov 25, 2009, at 11:03 PM, aswath narayana wrote:

> I am thinking the following to do TDS
>
> * create a purchase invoice
> * add invoice items
>
> After this, currently there is a menu item 'add tax', and then the final
> invoice amount is calculated.
>
> To do TDS,
> Similarly, we have another menu item 'deduct tax'
> Then an payment could be made against this invoice.
>
> Let me know what you think
>
> Regards
> -Aswath
>
>
> On Wed, Nov 25, 2009 at 10:55 AM, aswath narayana <
> [hidden email]> wrote:
>
>> Hello All,
>> Is there any way, we can do TDS (Tax deducted at source) in the accounting
>> module.
>>
>> For example,
>> We we make a payment to a supplier, as per country laws, we have to
>> withhold some tax and then make the payment to the supplier.
>>
>> Regards
>> -Aswath
>>