INSS Patronal – 20%
Hello Friends - I will need you help on setting up - INSS Patronal – 20% (WHT).
I have configured this in WHT (Posting indicator 3) and it gives me the Accounting entry in the system.
Cr Vendor 1000
Dr Expenses 1000
Cr WHT INSS 200
Dr Another Exp 200 (Offsetting EXP GL Account)
I would like to understand the Business scenario why we need to post to Offsetting GL Account and how you handled this requirement?
Why we do not deduct from Vendor amount here and are paying full amount to him?