In Sage 300 ERP, we offer the Tax Deducted at Source add-on, which allows users to deduct TDS with just a few clicks. ‘Nature of Deduction’, ‘Branch code’, ‘Fiscal Year’, ‘Due Date’, and ‘Quarter’, are the details of TDS. Nature of Deduction and Branch code are fetched from D/T party details. Fiscal Year is set in the D/T options screen. The due date and Quarter are calculated according to the Document date.
As the Due date is calculated according to the Document date only we are now coming up with the new provision of calculating the Due date according to the Posting date also. Now the user will have the flexibility of deducting the TDS on the document date as well as the posting date.
To achieve this, we have provided Document date and Posting date options on the D/T Options Screen.
New Stuff: Sage 300: OE Order Update/Insert API
As you can see in the above image, there is a provision for the user to choose the Document Date and Posting Date by selecting one of them.
If the user wants to calculate TDS based on the document date, they need to select the document date. If the user prefers to calculate TDS based on the posting date, they need to select the posting date.
In the above two images, the due date is calculated according to the posting date as we have selected the Posting Date in the D/T Options screen. In the first image, posting date is of July month so the due date is of August month. In the second image, posting date is of August month so the due date is of September month.
By giving the Document/Posting date options to deduct TDS will provide the user a flexibility for different dates.
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