TDS on Recurring Payables in Sage 300

By | August 19, 2015

In our previous post we had learnt about recurring payables in Account payable and how to create it in Sage 300. Recurring payables entry is where the user needs to raise an invoice for a particular service after every month or specific time like Rent paid. If the vendor is TDS payable then Greytrix-TDS add-on module will allow the user to calculate TDS automatically for such entries, we will discuss how to handle the recurring invoices in TDS module.
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TDS module provides a screen Party details, to define the TDS payable vendors.
Please refer below screen shot.
In above screen, if you mark “Recurring Payable” option then TDS will be automatically calculate when user create invoice from A/P Vendor>>Recurring Payable screen. This helps users to reduce the manual work.
Read Also:
1.Sage 300 ERP TDS and TCS Forms and their periodicity
2.Reconcile TDS with Expense and Balance sheet accounts
3.Form 26Q file generated in TDS-Part2
4.Form 26Q file generated in TDS-Part 1