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Apr 20, 2020 1:40 PM UTC
Question

Unable to make entry for advance payment made to overseas supplier(asking for TDS which is not applicable)

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2 replies

Apr 21, 2020 9:40 AM UTC

Hi Raja,

Welcome to QuickBooks Community.

 

Here's a short video to help you. 

 

I hope this helps. 

asha_kanta_sharma
Jul 3, 2020 3:37 PM UTC

You need to deduct TDS if applicable for the kind of transaction you are carrying out. In case of Advance Payment being made to suppliers, Supplier Account will be debited and Bank Account will be credited with TDS amount if any deducted being credited and will be subsequently debited in case it has been paid to Government.