Stoppages

A portion, or indeed all, of the tax amount can be calculated as stoppage or withholding tax, and transferred to a separate account. See How is Stoppage or Withholding Tax Treated?

Specify this information:

Rate: The percentage of tax, royalties or other deductions in the range 0 to 99.99999 which is written to the input or output stoppage account.
Input Account Code: The account code to which the stoppage amount is posted. The use of the input/output account is determined by whether the setting in the Tax Type field in Journal Types (JNT), is set to Input or Output.
Offset Account Code: The offset account code to which input stoppage tax offset should be posted. If offsets should be posted to the transaction baseline account, enter '**********' ten asterisks.
Output Account Code: The account to which the stoppage amount is posted. The use of input/output account is determined by whether the setting in the Journal Types field, Tax Type, is set to Input or Output.
Offset Account: The account code to which output stoppage tax contras should be posted. If contras should be posted to the transaction baseline account, enter '**********' ten asterisks.