Managing Period-Based Withholding
Because your withholdings can be period-based, PeopleSoft Payables enables you to update the current withholding totals for period-based withholding using the Withholding Period Adjustment page. This feature handles the possibility that you may issue a manual check and need to take this manual transaction into account for withholding calculations of subsequent transactions for the same period. Corrections to period-based withholding amounts update the table the system uses to accumulate period totals, called WTHD_PERIOD_LOG.
|
Page Name |
Definition Name |
Usage |
|---|---|---|
|
WTHD_PERIOD_PNL |
Update the current withholding totals when you issue a manual check while using period-based withholding. |
|
|
WTHD_PER_TOT_INQ |
Review transaction logs used in period-based withholding. |
Use the Withhold Period Accumulation Adjustment page (WTHD_PERIOD_PNL) to update the current withholding totals when you issue a manual check while using period-based withholding.
Navigation:
Field or Control |
Description |
|---|---|
Tax ID |
Displays the supplier's tax ID. |
Declaration Date |
Displays the date on which your withholdings will be declared for reporting purposes. |
Accounting Period
Field or Control |
Description |
|---|---|
Calendar SetID |
Displays the SetID and ID of the calendar you are using to calculate period-based withholding for this withholding setup. |
Accounting Period |
Displays the accounting period and fiscal year that you are using to calculate period-based withholding. |
Withholding Basis Amount
Field or Control |
Description |
|---|---|
Withholding Basis Amount |
Enter the withholding basis amount for the manual payment or other transaction. |
Withholding Rule |
Displays the withholding rule; correct it if necessary. |
Withholding Amount |
Enter the withholding amount from the manual payment or other transaction. |
Payment Date |
Displays the payment date; correct it if necessary. |
Use the Withhold Period Accumulation Log page (WTHD_PER_TOT_INQ) to review transaction logs used in period-based withholding.
Navigation:
This example illustrates the fields and controls on the Withhold Period Accumulation Log page. You can find definitions for the fields and controls later on this page.
Selection Criteria
Enter search criteria for the withholding period transactions and click the Search button.
Business Unit and Supplier Information
View the results of your search in the Business Unit & Supplier Information scroll area. This scroll area shows your results by business unit and supplier; within a business unit and supplier, you can view transactions by entity, type, jurisdiction, and class combination in the Transaction Log scroll area. Within each withholding class combination, you can view the accumulated total basis amount and withholding amount by period in the Details grid.
Field or Control |
Description |
|---|---|
Accum. Basis (accumulated basis) |
Displays the accumulated basis amount by business unit, supplier, withholding class combination, and period. |
Accum wthd (accumulated withholding) |
Displays the accumulated withholding amount by business unit, supplier, withholding class combination, and period. |