As a sole trader I would like to be able to have a section that can show withhlding tax deductions from an invoice and not have to remove it from the invoice as a line item.
Maybe this is alrea...
Hi Steven,
Thanks for getting back to me. As a GST registered Sole Trade companies I work for still deduct Withholding Tax off my payments to be paid to the IRD on my behalf. Currently I have been using a separate line item in the invoices to deduct a negative balance to which I code to a withholding account code that I have created. It works but its not a streamlined as I would like it to be.
I would there was a way of including it into the invoices so it works it out for me and puts it into a built in withholding code... The spanner in the works is that it would need to be able to be turned on and off as not all invoices require it.
I've attached an image of how i used to do it before moving to MYOB... And yes I am aware of the maths error in my hours worked.
Thanks!