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[Julie Sebo]

I am exploring having Nav2016 assist us with withholding various taxes from vendor payments.  Currently we manually determine the % , post a credit memo to have it reduce the vendor payment and record the liability; we then post an invoice to the tax agency to pay the liability.  I did a little research and found that there should be a function on a vendor to allow a withholding code that would result in reducing the vendors payment.  When I searched our Nav2016 for the word withhold, nothing came up. 

Is anyone using withholding tax on vendors?  If so, can you share your setup and experience? 

Thank you,

Julie

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Julie Sebo
Accounts Payable Manager
Hal Leonard
Winona MN
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[David Wiser]

Are you talking about use tax payments?  If so, NAV does have use tax functionality which will allow you to accrue and make payments to the various taxing agencies.

If you’re talking about other taxes or withholding, you could use Charge(Item) lines on the invoice to record the deduction and have it post to a liability account.  Then hit that account with your payment to the agency.

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Dave Wiser
Controller
Beckwith & Kuffel
Seattle WA
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