How to do Professional Tax deduction entry of any vendor (It is like TDS Deduction)?

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• Payment returned by the vendor to the Association. How to account it on ADDA?

  ADDA presently does not have a direct mechanism for processing this in the vendor ledger. However, we have a recommended workaround option for you. Follow the below step to achieve this: Pass the below journal entry : Dr. Bank ( it will hit your ...

• MC or Staff Paid the Vendor on be half association and later on Association reimbursed the amount to the Auditor or MC. How to do the accounting entry on ADDA?

  In such use cases, you need to pass the invoice and payment entry agains the vendor who have actually provided the services. However, you will issue the cheque or initiate the online payment to the Staff/MC who have paid the vendor. Follow the steps ...

• How to account Advance TDS entry deducted while making an advance payment to Vendor?

  We are accounting for the TDS while making an advance payment to vendors. This entry can be recorded in ADDA in below steps: A) Post the advance payment entry to the vendor account 'after deducting TDS amount': Step 1: Go to Admin –>> Expense Tracker ...

• MC or Auditor or a Staff Paid the expenses on be half association and later on Association reimbursed the amount to the MC or to the Auditor or to the Staff. How to account this on ADDA?

  In such use cases, you need to Knock off TDS Payable entry with MC or Auditor or Staff GL who have actually paid the amount on behalf of the association and issue the cheque or initiate the online payment to the MC or to the auditor or to the Staff ...

• How to pass TDS entry where TDS is not deducted while booking the invoice?

  Please follow the below steps to pass TDS entry where TDS is not deducted while booking the invoice: Step 1: Log in to ADDA -->> Admin -->> Bank & Cash -->> Taxes. Step 2: Select the date Click on TDS -->> Click on Enter TDS Payable -->> Enter the ...