Hi, One of my clients deducted 10% TDS from the payment. How should I manage the entry in the QuickBooks when I receive an amount 10% less of the quoted amount?
Hi, One of my clients deducted 10% TDS from the payment. How should I manage the entry in the QuickBooks when I receive an amount 10% less of the quoted amount?
I didn't enable TDS while invoicing this client because I didn't know if they are supposed to deduct the TDS or not. What should I do in such situation?
Hi, One of my clients deducted 10% TDS from the payment. How should I manage the entry in the QuickBooks when I receive an amount 10% less of the quoted amount?
Hi sagarpednekar133,
You can enable TDS invoicing for this client now and feed in the required TDS rate (10% in this case). It'll get deducted after doing so.
Hope this helps!
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