Defining income withholding codes

Income withholding codes are used to link a general ledger income withholding accrual account to an invoice. The account is used to accrue income withholding for vendors, such as when you are required to withhold a portion of the invoice payment and pay it to the IRS rather than the vendor. This procedure describes the process for identifying the account that will accrue the money you withhold.

Define an income withholding code