How to reverse the TDS payable entry?

• Related Articles

• What is Reverse Charge Mechanism (RCM) and How to handle RCM on ADDA?

  Reverse charge is a mechanism where the recipient of the goods or services is liable to pay Goods and Services Tax (GST) instead of the supplier. Follow the steps below to handle RCM on ADDA: Step 1 - Create a GL "Tax Pain on RCM" under General ...

• 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 ...

• How to reverse the wrongly posted invoices in Income tracker?

  Please follow the steps below to reverse the wrongly posted invoices in Billing: Step 1: Login to ADDA -->>> Admin -->>> Income Tracker -->>> Member Income -->>> Select a relevant unit -->>> View Step 2: Select the bill you wish to reverse and you ...

• Where can I get TDS payable statement on Adda?

  Please follow the below steps to get the TDS Payable Statement: Step 1: Login to ADDA -->> Admin -->> Bank & Cash -->> Reports. Step 2: Click on "3. TDS Payable". Step 3: Select the required period. Step 4: Click on "Fetch Transaction".

• 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 ...