| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 604 |
| Technical Name |
account_tds_deduction |
| License | OPL-1 |
| Versions | 14.0 15.0 16.0 |
Account TDS Deduction
Account TDS Deduction
Account TDS Deduction helps you deduct TDS on bills and payments. It provides alerts based on the thresholds you set in the Chart of Accounts. Configuration can be completed in just few steps.
Account TDS Deduction helps you deduct TDS on bills and payments. It provides alerts based on the thresholds you set in the Chart of Accounts. Configuration can be completed in just few steps.
Key Features:
- Setup TDS Deduction control on the Chart of Account level.
- Set a threshold for Individual and Aggregated Transactions for the alert on Bill Page.
- Configure more than one TDS setup for each expense account, If it requires.
- Reuse the alert for your custom need, Since it was giving the nice alert with summary of the amount on posting.
- Set the Start date and End Date for computing the TDS amount for the particular period in the Accounting Settings.
- Automatic Alert and Logging TDS summary in the Chatter Log While posting the Bill if the Bill individual or aggregated sum exceeds the threshold.
- TDS Entry Creation Provision on Bill. After confirmation of Bill by default it will show the TDS Button.
- TDS Entry Creation Provision on Payment. After confirmation of Payment by default it will show the TDS Button.
- Auto Reconcile After creation and confirmation of TDS Entry, It will reconcile with Bill immediately. When you are creating it from Bills Page.
How it works:
Install the Account TDS Deduction Module
After module installation a new fields will be displayed in the Accounting Settings, Please fill the TDS journal, TDS witholding account, Start Date and End date:
Go to the Accounting -> Configuration -> TDS Configuration
Open and create the TDS Configuration Records, TDS Slabs to deduct the TDS
Create the relavant tax in the TAX master and link the Created TDS Slabs as per shown in the image. Note percentage in the tax master should be in negative
New field added in the vendor master in the name of PAN Card No, It will be used to compute the aggregated amount across the all vendors who is having the same PAN No
Go to the Chart of Accounts
Open the Account and do the TDS setup for which TDS dedcution is required
Create the Bill and Select the account in the line level, Based on the selected accounting tds configuration on confirmation of the bill it will trigger the alert. In the same time will log the message in the chatter log. That says which tds is applied and what was the configuration for Individual and Aggregated also what is the aggregated Total amount by Vendor PAN level.
Alert message tells the TDS section to be deducted, Click the TDS button then new wizard will open enter the details and click confirm to deduct the TDS
TDS Entry was created and reconciled with Bill
TDS Entry Reconciled with Bill
Add TDS Button is given in the Payment Page
Select the TDS Section and Enter the Base amount and Confirm
Created TDS Entry
Contact me for Support, Customization, Implementation:
Email: subashmca2017@gmail.com
Telegram: https://t.me/Chubbu007
Email: subashmca2017@gmail.com
Telegram: https://t.me/Chubbu007
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