Reverse function needed for Vendor online bank payments similar to check reversal functionality- this is needed as many times we upload bank payments and post . it is necessary to reverse this at click of a button similar to check payments reversal
Comments
This functionality needs to be integrated with automatic TDS reversal ( example one needs to reverse a vendor payment entry which involves TDS ) .
When payment reversal ( original vendor payment involves check ) is done then system automatically reverses the TDS impact .
When a negative vendor payment is created with TDS and settled with the positive vendor payment with TDS then the TDS is not updated / calculated for the negative vendor payment and user is forced to post the TDS impact for reversal via Withholding tax journal
Category: Cash and bank management