Withholdings calculation
OnBalance calculates withholding during the process of adding and editing a sale, automatically identifying situations where it exists.
At this moment, the sales screen shows the following additional fields alongside the total.
- Gross Value: It refers to the monthly amount less an eventual discount given to the client, this being the base for the calculation where the withholding rates will be applied.
- Withholding: It refers to the total amount of retentions that are applied over a sell, reducing the total amount from this number, which is shown in the field “Total”.
Next to the Perception field, there is a small ? that opens a detailed withholding calculation window.
The first column of this screen shows fields that provide the percentages of each tax defined in the My Company screen.
The second column called Total Amount shows the result of the application of each one of the percentages at the gross sale value.
The third column called In this Sale shows the values that will be effectively subtracted from the current sale, since it will not necessarily mean that this is the calculated amount from the previous column. This occurs due to two situations.
- There is a minimum limit for the value to be subtracted from the sale.
- If there are other sales for the same client within the same month and no withholdings have happened at the moment, those values will be imported to the current sale.
To facilitate comprehension and explanation of the numbers to your client, there is a View details link beside each calculated value that opens a screen with the explanation on how it gets to the presented amount.