The client would like to add the TDS to the Vendor Prepayment record since the standard TDS process is not applicable for vendor prepayment records.
TDS on Amount Field:
Create a new field for fetching the TDS% on the vendor prepayment records.
Generate a workflow to apply the TDS formula on Payment Amount using the set field value action.
Formula: Amount – [Amount*TDS%]
TDS on GL Impact – methods
- Custom GL Lines Plug-in. Use the Custom GL Lines Plug-in feature to create custom GL impact lines on standard transactions, such as invoices and vendor bills, across single or multiple accounting books, eliminating the need for manual journal entries. You can also use this feature to add general ledger impact to custom transaction types.
- Custom Transactions. Use the Custom Transactions feature to create transaction types designed for your specific business needs. This feature enhances your ability to efficiently define how each of your business processes affects your general ledger. You can name your custom transaction types to reflect your business logic. As with standard transactions, each custom transaction type can have its own numbering scheme, permissions, and workflow logic.