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Pay a bill and deduct TDS

Allocating a payment, and withholding where the section applies.

A payment is attached to the bills it settles. An unallocated payment makes the vendor balance right and every individual bill wrong.

Steps

  1. Go to Procurement → Payments and choose New, or open the bill and choose Record payment.
  2. Pick the vendor. Their open bills are listed with what is outstanding on each.
  3. Enter the amount, date and method.
  4. Where TDS applies, choose the section. The deduction is worked out and held back.
  5. Allocate the payment across the bills.
  6. Save.

TDS is deducted from the payment, not the bill. The bill stands at its full value; the payment records what was withheld, which is what the register and the return need.

Next in accounting & finance Run payroll → Prepare GSTR-1 and 3B →

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