Standout Features

Standout Features

• The default WHT rate can be set and Overridden.
• It gives the option to set it to
  • Sales
  • Purchases and
  • WHT on Taxes, separately.

Exploring the module: (How to)

Exploring the module: (How to)

Once the module is integrated to your system,open the Invoicing App.

• Download and Install the module
• Open the Invoicing module. Click on the Configuration tab from the menu. The configuration tab provides a convenient hub to the different parts of the Invoicing module.
• Creating a WHT
  • Select the Withholding Tax option from the menu.
  • A list of already created taxes appears with details like its name, code, scope and description. These can be Activated or deactivated as required.
  • To create a new WHT click on the Create button on the top left corner and a form will appear. The list can be exported in a csv or xls format as well.
  
  
• Enter the details in the relevant fields like
  • Tax name.
  • Relevant Tax code
  • Description (if required)
  • Tax Scope: A dropdown menu appears which enables you to choose whether the tax is on
    • Sales
    • Purchases
    • Or WHT on Taxes withheld.
    
    
    • Tax application method can be chosen whether it is applied At Payment or at Invoice stage.
    • You can choose to activate or deactivate the tax by ticking or unticking the next box.
    • Next in the definition tab enter the accounting details like tax rate, WHT Account associated (from the company’s chart of Accounts) and WHT Account on Credit Notes.
    • In the Advance Options tab you can select a predefined Tax Group or you can define a new one by clicking this option.
    
    
    • The following form appears. Enter the relevant details to define a new group.
    
    
• The functionality helps to set up WHT on the Vendor bills, customer Invoices, and Payments.
• Vendor Bills: Go to Vendor menu select Bills, enter the relevant details in the form appearing and then add a line section you can select the WHT rate applicable.


• Customer Invoices: Customer Invoices and its WHT can be setup in pretty much the same way.


• Customer Payments: In the customer menu select payments and set the WHT in the given form.


• Automatic WHT calculation and display: The module calculates the WHT from and displays the info. Like the WHT rates, the tax amount and the net amount.


• OVERRIDING THE WHT: This is the feature that makes this module stand out. It enables the user to override the WHT set and change the rate if they want to.
  • Go to the Vendors menu, press products, click on Edit and then select Purchases tab. In the Vendor Taxes tab you can override the WHT selected.
  
  
• Setting up WHT on Invoices for Customers: Go to Customers menu and set up WHT as in the vendor menu above. To select one on invoice. Go to customers then invoices, in the Add a Line tab, select add a line and in the WHT column select the tax already setup.