We’ve explored various blogs covering our Add-on Tax Deduction Source for Sage 300 ERP, including topics such as configuring TDS and understanding its module. In today’s blog, we’ll focus on how to create remittance in Sage 300 ERP. The addon module named TDS in Sage 300 has a screen Create Remittance which is used to create remittances and pass those entries to the Remittance entry screen.
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The above image is of the Create Remittance screen where the user can filter out such entries from which Remittance has to be deducted. So now let’s understand the workings of it. When the user posts a TDS-AP Invoice or payment entry from the AP module the TDS will get deducted by creating an adjustment against it but for remittance effect user needs to post that respective entry from the Create Remittance Screen by selecting ‘Yes’ under the Remit TDS column in the grid. User can easily filter out the transaction entries using different filters such as TDS Group, Vendor Number, Document Date, Document Number, etc. Sage 300 also provides the functionality to delete the created remittance on the same screen as shown on the below screen.
Once the remittance gets created then those entries will get ready for the payment transaction. Check the below image.
On clicking the save button interest will get recalculated and enable the ’Post to AP’ button. After clicking the ’Post to AP’ the payment entry will be created for the remittance transaction. Refer to the below image.
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