Some companies hold back a portion of the Invoice amount for Tax purposes. This example shows you how to match the Invoice (document) to the transaction and categorise the shortfall (withholding tax)
This example invoice shows we have charged $130 + GST for our services.
NB This could be any amount or any service
We have confirmation that the Invoice has been paid but they only paid $100 and held back the remaining fund for tax purposes.
Sample
In Money Transactions, find the payment for your invoice, click on the transaction
Then click on the tab 'Match Document'. Find the Invoice you sent, tick the box beside the invoice and then click on MATCH NOW
The calculations will show you have a remaining balance of -$49.50 left to match
Click on the Set Category tab. Use the dropdown menu in Select Category to find Taxes
Then click SET CATEGORY NOW
You are finished. Afirmo calculations will do the rest.
