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January 26, 2021
Question

Hi, I have paid rent to landlord and deducted tax at the time of payment. How can I enter tax deduction at the time of bill payment

  • January 26, 2021
  • 1 reply
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1 reply

KlentB
January 26, 2021

I can share some tips on how you can add the tax deduction, Arslan Kiyani.

 

We're unable to directly enter the tax deduction in the bill payment. You'll want to add the tax to the original bill so by the time you create the bill payment, it will be included. Here's how: 

 

  1. Select Expenses from the sidebar menu.
  2. Go to the Expenses tab.
  3. Find the bill, then click the View/Edit link from the Action column.
  4. Add the tax on the second line of the bill, then enter the necessary information.
  5. You may need to adjust the original amount of the bill since the tax has been attached.
  6. Click Save and close, then choose Yes to confirm the changes.

When you're all set up and ready, it's time to pay the open bill. Additionally, here's an article that you can read to help track all the money you've paid to a vendor for the year: Run a report with vendor totals

 

Do let me if there's anything else that I can help you with by leaving a comment below. Have a pleasant day ahead.