My Payment Voucher 365

My Payment Voucher 365 | Automated Payment Vouchers and Withholding Tax/VAT Compliance

My Payment Voucher 365 is a powerful and essential add-on for companies using Microsoft Dynamics 365 Business Central that need robust, auditable, and automated payment documentation and local tax compliance. This module streamlines the entire payment cycle by introducing an efficient Payment Voucher generation process and embedding automatic, country-specific logic for Withholding Tax (WHT) and Withholding VAT (W-VAT) calculations.

Key Features and Benefits:

• Automated Payment Voucher Generation: Automatically generate professional and standardized Payment Vouchers upon posting, ensuring all payments are properly documented and traceable directly from the general ledger entries.

• WHT and W-VAT Automation: Eliminate manual tax calculations. The module automatically computes and books Withholding Tax and Withholding VAT amounts as part of the payment journal, based on predefined vendor, item, or G/L setup configurations.

• Compliance and Reporting: Maintain strict regulatory adherence with precise tax calculations and dedicated reporting features to generate necessary WHT and W-VAT forms or extracts for regulatory submission.

• Enhanced Audit Trail: Every payment and associated tax deduction is accurately recorded within Business Central, providing a transparent and comprehensive audit trail for internal review and external auditors.

• Seamless Integration: Designed as a native extension for Dynamics 365 Business Central, ensuring a smooth user experience and full compatibility with standard financial and payment modules.

• Configurable and Flexible: Set up different WHT/W-VAT rates, thresholds, and accounts based on local requirements, transaction types, or vendor classifications.

My Payment Voucher 365 helps finance teams focus on strategic tasks rather than manual data entry and complex tax checks, making your move to Business Central a truly efficient and compliant one.

Supported Editions: This app supports the Essential and Premium Editions of Microsoft Dynamics 365 Business Central.

Start your free trial today and experience simplified payment processing and tax compliance!