Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
I hope you're doing great today, @amirrth.
I've got some insights to share regarding creating an advance payment for suppliers in QuickBooks Online.
At this time, you can only create an advance payment in QuickBooks Online for TDS suppliers. To generate the said entry, I recommend enabling TDS for your supplier so you can add the advance payment. Once the bill is fully paid, you may disable the said option.
To enable TDS for suppliers, while creating a new supplier, enter the PAN number of the supplier and check the box TDS Applicable.
When enabling TDS for already existing supplier, follow the steps below:
Here's a link that will give you complete details on how to set up the TDS in the system: TDS (Tax Deducted at Source).
I'd also like to add these references below that tackles about the different ways of recording an advance payment for TDS suppliers in QBO, depending on the situation that you're in:
You can always get back to me here if you have any other questions about this or with QuickBooks. I'll be around to help you out. Take care!
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.