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How do I record my social media ad expenses and TDS in Zoho Books if I make full payment for the bill and later request for refund with a TDS certificate?
Let’s say you run social media advertisements for ₹1000 and deduct TDS as ₹100. Since you’re recording full payment for the bill, you can record it without including TDS. For the amount you’ve paid, you can record a vendor advance and apply it to the bill.
To create a bill:
- Go to Purchases on the left sidebar and select Bills.
- Click + New in the top right corner.
- In the New Bill page, enter the required details and click Save as Open or Save as Draft, and mark it as Open later.
The bill will be created. Now, create a vendor advance for the amount including the TDS amount. Here’s how:
- Go to Purchases on the left sidebar and select Payments Made.
- Click + New in the top right corner.
- In the next page, navigate to the Vendor Advance tab and fill in the required details.
- In the TDS field, select the TDS you want to associate with the payment.
- Click Save as Paid or Save as Draft and record the payment later.
The vendor advance will be created. Now, you can apply this advance to the vendor’s bill. Once your vendor pays back the TDS amount, you can record it as a refund in Zoho Books.
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