Agenda of the Video: To Show, How to Pass TDS "Provisional Entry" using Single Entry Mode in Dynamics 365 Business Central (D365BC).
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Localization = India
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ℹ️Standard Accounting Concept in our Country:
The information that you enter in a journal is temporary, and can be changed while it is in the journal.
When you Post the journal entry for Provisional Entry, the information is transferred to entries on individual accounts, where it cannot be changed.
You can, however, *Unapply Posted Entries*, and you can post Reversing or Correcting Entries.
✅ TDS = Tax Deducted at Source.
✅ TDS is a type of Direct Tax, and this is covered under Income Tax.
✅ General Ledger of TDS Payable-Professional Charge - 194J (Liability).
✍️This G/L Account will automatically added in the Entry through "TDS Posting Setup".✔️
✅ If you want to assign specific Location in this Provisional Entry, then select that "Location Card" via Location Code (column / field).
Hint:- Try to define "TDS Posting Setup" for "Professional Charges" under TDS Section Code 194J.
Assign TDS Liability G/L here.
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Read the related Short-Blog: https://navisionfunctionalexpert.com/...
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---------------------------------
Localization = India
----------------------------------
ℹ️Standard Accounting Concept in our Country:
The information that you enter in a journal is temporary, and can be changed while it is in the journal.
When you Post the journal entry for Provisional Entry, the information is transferred to entries on individual accounts, where it cannot be changed.
You can, however, *Unapply Posted Entries*, and you can post Reversing or Correcting Entries.
✅ TDS = Tax Deducted at Source.
✅ TDS is a type of Direct Tax, and this is covered under Income Tax.
✅ General Ledger of TDS Payable-Professional Charge - 194J (Liability).
✍️This G/L Account will automatically added in the Entry through "TDS Posting Setup".✔️
✅ If you want to assign specific Location in this Provisional Entry, then select that "Location Card" via Location Code (column / field).
Hint:- Try to define "TDS Posting Setup" for "Professional Charges" under TDS Section Code 194J.
Assign TDS Liability G/L here.
---------------------------------------------------------------------------
Read the related Short-Blog: https://navisionfunctionalexpert.com/...
--------------------------------------------------------------------------------------------------------------------------
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