Hi
I have a customer who has to pay Withholding Tax in their country so requested that our invoices were edited to include this, allowing us to get the money we are owed, without the supplier removing the WHT from the owed amount.
The supplier has paid the owed price, and I have created a credit note against the remaining invoice amount for the WHT. But I am having a few issues applying this credit note. How do I go about recording this credit note, without it being deposited to the bank account because in essence the money has not actually been deposited. I have created a WHT Expense Account, but it does not allow me to select this as a deposit option.
I am very new to Quickbooks, so any assistance is greatly appreciated.
