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I can help you record the withholding tax deduction on a customer invoice, Emmanuelo.
In QuickBooks, the proper method for handling customer withholding tax involves using a credit note and applying it to the invoice payment. Here are the steps you can follow:
First, set up a withholding tax expense account:
Next, set up a withholding tax expense item:
To record the withholding tax deduction, create a credit note. Then, use the withholding tax item and enter the tax amount withheld by your customer. After that, apply the credit note to the invoice payment.
For detailed instructions, refer to steps three and four in this article: How do I record tax withheld by my customer?
Additionally, you can utilize sales reports to gain insights into your purchases, sales, and inventory status.
If you have any further questions regarding recording withholding tax deductions on a customer invoice, feel free to ask in this thread. I'm here to assist you.
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