Hi,
We are having an issue with our Extended withholding tax settings and I was wondering if someone could help. First I wanted to confirm my understanding of how it should work once setup. Since this is for 1099 reporting we are not actually withholding any monies from the payment. My understanding is that at the time of invoice posting via FB60 the field withholding tax base amount (WT_QSSB) in table WITH_ITEM should be automatically populated with the net of tax amount of the invoice.
1. Does the table get populated at the time of invoice posting regardless of whether we use the config setting for w/h tax type at invoice posting or w/h tax type at invoice payment? Or does it only get populated at invoice posting when we use the w/h tax type at invoice posting.
2. My understanding is the table should be populated automatically. Currently our users have to populate this field manually, but the field is open for entry on FB60
Below are our relevant config settings
- Ext w/holding is turned on
- Tax type on posting or payment is FE (we have tried both ways and neither automatically populates the field)
- Tax type has net amount, no accumulation, and min/max set at w/tax code level
- Tax code has percentage subject to tax = 100% posting indicator = 1 (everything else blank)
- Min/Max amounts are blank for type and code
- The tax type and tax code are assigned to the vendor that is being invoiced
- The liable flag is checked on the vendor
I have tried to use the report RFWT1000 and everything looks to be correct but we still do not get the value posted in the WITH_ITEM table
Thanks
Dennis