Posting Vendor Withholding Tax

Overview

In some regions, companies are required by law to withhold a certain percentage of the payment when paying vendors.

Steps

Navigate to Setup → Object Manager → Vendor Payment → Field Sets → Vendor Payment, then add the following fields to the field set:

• Withholding %

• Withholding GL Account

When creating a Vendor Payment, populate Withholding % and Withholding GL Amount, either manually or automatically using a trigger or a flow.

When posting the Vendor Payment, the following GL Entries will be created.

Article Posting-Vendor-Withholding-Tax  ·  Last updated October 02, 2025 · GoldFinch ERP Help Center