Table of Contents

Banking

The KUMAVISION Banking Bridge App connects KUMAVISION project365 with Continia's Banking App. This helps you manage payments more securely and automatically apply construction withholding tax in KUMAVISION project365.

KUMAVISION Module Setup

Turn on the Construction Tax Active toggle to enable construction withholding tax handling in the Continia Banking app.

Managing Construction Withholding Tax in Purchasing

Vendor

On the vendor card, specify whether an exemption certificate is required, available, and valid. You can find these settings on the General FastTab: the Business Registration Certificate necessary and Business Registration Certificate toggles, and the Registration Certificate Valid Until field.

Purchase Document

In the purchase document, the Construction Tax Mandatory field determines whether and how the later vendor ledger entry is marked for construction withholding tax.

You can change the Construction Tax Mandatory field both in the unposted purchase header and in the open vendor ledger entry. The following values are available:

Option Description
Automatic If an exemption certificate is required but missing or invalid, the Split Payment field is set to Yes. If no exemption certificate is required, it is set to No.
No The Split Payment field remains turned off.
Yes The Split Payment field is turned on.

The Automatic option is usually selected. Use No and Yes only to handle special cases.

Vendor Ledger Entry

The vendor ledger entry also contains the Construction Tax Mandatory field. It is populated with the value from the purchase header and determines whether the Split Payment field is set in the vendor ledger entry. You can still change the value in the open vendor ledger entry.

Automatic Subsequent Update in the Vendor Ledger Entry

If the Construction Tax Mandatory field is set to Automatic in the open vendor ledger entry, changes to the vendor master data can automatically update the Split Payment field:

  • If you enter a valid exemption certificate in the vendor master data, Split Payment is set to No.
  • If you enter that an exemption certificate is required but no valid certificate is available, Split Payment is set to Yes.