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When I invoice a customer, the customer deducts TDS while making the payment. So obviously the invoice amount and payment amount does not match. There are also following considerations:
Solved! Go to Solution.
Hi abhijit.kolhatka,
To record the TDS in Invoice and track when you receive payment, customer needs to be TDS enabled. Please follow below steps to enable the customer for TDS.
Enable TDS for CustomersTo enable TDS for customers, while creating a new customer, enter customer's PAN number and check the box TDS Applicable, which is available under Tax info tab. For enabling TDS for already existing customers, follow the steps below:
Once TDS is enabled for a particular customer, while creating the invoice for that customer, you will get option to select TDS section and enter the TDS amount applicable in that invoice.
Hope this helps.
Hi abhijit.kolhatka,
To record the TDS in Invoice and track when you receive payment, customer needs to be TDS enabled. Please follow below steps to enable the customer for TDS.
Enable TDS for CustomersTo enable TDS for customers, while creating a new customer, enter customer's PAN number and check the box TDS Applicable, which is available under Tax info tab. For enabling TDS for already existing customers, follow the steps below:
Once TDS is enabled for a particular customer, while creating the invoice for that customer, you will get option to select TDS section and enter the TDS amount applicable in that invoice.
Hope this helps.
I believe the response provided is related to a customer. This question is related to a supplier. The supplier has generated an invoice to a customer, the customer has paid the invoice amount less the 10% TDS, and now the sales proceeds amount received doesn't match the invoice amount. That is where guidance is needed on how it should be handled.
If the same is enabled, in the invoice amount due in the words goes wrong. It shows the amount Net of TDS. Whereas it should be before applying the TDS.
& also I understand that the amount after TDS is for our Books and should not effect the invoice to be given to customers.
Any Idea how to resolve this.
if the TDS is enabled, in the invoice amount due in the words goes wrong. It shows the amount Net of TDS. Whereas it should be before applying the TDS.
& also I understand that the amount after TDS is for our Books and should not effect the invoice to be given to customers.
Any Idea how to resolve this.
Hi Kalyan,
Welcome to QuickBooks Community.
Here's everything you need to know about setting up TDS in QuickBooks Online.
I hope this helps.
Learned a lot...
Thanks
I enabled TDS in customer tax info. But Invoice showing reduces TDS and shows the amount.
My invoice value 1,00,000, Customer paid me 90,000, tds 10,000 deducted.
how to record with journal please help me. Don't Advice me enable TDS on customer tax info
tried multiple times from last one year but no solution getting as it is asking for select product and service
Hi cavagrecha,
Thank you for joining the thread.
At this point, I would recommend contacting our Support team. That way, they can use a screen-sharing tool to better assist you with your invoice.
If you have other concerns feel free to go back to this thred.
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