{"id":9317,"date":"2014-11-27T14:34:34","date_gmt":"2014-11-27T14:34:34","guid":{"rendered":"http:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/?p=9317"},"modified":"2014-11-27T14:34:34","modified_gmt":"2014-11-27T14:34:34","slug":"reconcile-tds-with-expense-and-balance-sheet-accounts","status":"publish","type":"post","link":"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2014\/11\/27\/reconcile-tds-with-expense-and-balance-sheet-accounts\/","title":{"rendered":"Reconcile TDS with Expense and Balance sheet accounts"},"content":{"rendered":"

When we say TDS, we usually deal with the Vendors, Documents like Invoices, Credit\/Debit Notes, Pre-payment, Nature of deductions and TDS sections. Basically these are the major constraints that are a part of the deduction and remittance process for TDS. Even when we file the TDS returns the above points are part of the required files and forms which we generate and submit to the government authorities.<\/p>\n

There can be scenarios where an auditor might ask you to reconcile the TDS with the general ledger accounts.\u00a0 This will be the accounts that are used in the respective transactions where TDS is being deducted, also this account can be used to calculate balance sheet or income statement.<\/p>\n

New Stuff: \u00a0<\/span><\/em><\/strong>Migrating Open Purchase Orders from Sage PRO ERP to Sage 300 ERP<\/span><\/em><\/span><\/a><\/span><\/p>\n

Going further the TDS Module of Sage 300 ERP helps us to generate such kind of report that can help us reconcile the TDS amounts with the corresponding general ledger accounts. The purpose of this report is to display the general ledger accounts and the TDS amounts deducted in front of each of them. Just to simplify the report can have the below columns:<\/p>\n