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accounts-ind-com
Level 1

While passing journal entry ,how to select TDS section under TDS Payable head.

 
3 Comments 3
Kristine Mae
Moderator

While passing journal entry ,how to select TDS section under TDS Payable head.

Let me explain how it works, Accounts-ind-com.

 

When you create a journal entry, a TDS section is unavailable. We'll just have to ensure you can select the correct TDS account like TDS Payable or TDS Receivable. Then, select the correct customer or vendor. This way, your records, and reports are accurate. 

 

I'll include this article to better guide you with creating entries: Create a journal entry in QuickBooks Online.

 

Feel free to let us know if you have other concerns. We'll be right here to help you. Keep safe!

accounts-ind-com
Level 1

While passing journal entry ,how to select TDS section under TDS Payable head.

I Posted the journal entry as follows

 

Salaries & wages 100000

To Salary Payable A/C     85000

To TDS Payable A/C         15000

After this I generated TDS payable report .But 15000 is not showing in tds payable report

RenjolynC
QuickBooks Team

While passing journal entry ,how to select TDS section under TDS Payable head.

Good to see you here, accounts-ind-com.

 

I'm here to clarify things out.

 

In QuickBooks Online, TDS Payable report gets the data from creating bills and expenses. Since you've added the TDS information on a journal entry, the only way to track it is by following these steps:

 

  1. Go to Accounting Chart of Accounts.
  2. Type TDS Payable in the search field.
  3. Under the Action column, click the drop-down arrow and select Run report.

Here's a sample screenshot for a visual reference:

 

 

To learn more about TDS and what are the available reports in your subscription, you can read these articles:

 

I'm always around if you need more help with your QuickBooks Online account. Just leave a reply on this thread and I'll get back to you the soonest. Have a great day!