Stoppages

A portion, or indeed all, of the tax amount can be calculated as stoppage or withholding tax, and transferred to a separate account.

  1. Click the Stoppages tab in the Tax Details (TXD) dialog.
  2. 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 (JNT) 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.