37 lines
1.4 KiB
Markdown
37 lines
1.4 KiB
Markdown
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#Adjust Withhold Amount in the Payment Entry
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###Question
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Let's assume that outstanding against a Sales Invoice is 20,000. When client makes payment, they will only pay 19,600. Rest 400 will be booked under Withhold account. How to manage this scenario in the Payment Entry.
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###Answer
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In the Payment Entry, you can mention Withhold Account in the Deductions or Loss table. Detailed steps below.
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####Step 1: Setup Withhold Account
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Create a Withhold Account in your Chart of Accounts master.
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`Accounts > Chart of Accounts'
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####Step 2: Payment Entry
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To create Payment Entry, go to unpaid Sales Invoice and create click on Make Payment button.
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#####Step 2.1: Enter Payment Amount
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Enter Payment Amount as 19,600.
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<img alt="Sales Invoice Payment Amount" class="screenshot" src="{{docs_base_url}}/assets/img/articles/withhold-1.png">
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#####Step 2.2: Allocate Against Sales Invoice
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Against Sales Invoice, allocate 20,000 (explained in GIF below).
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#####Step 2.3: Add Deduction/Loss Account
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You can notice that there is a difference of 400 in the Payment Amount and the Amount Allocated against Sales Invoice. You can book this difference account under Withhold Account.
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<img alt="Deduction/Loss Account" class="screenshot" src="{{docs_base_url}}/assets/img/articles/withhold-2.gif">
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Following same steps, you can also manage difference availed due to Currency Exchange Gain/Loss.
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