Withholding Tax Adjustment against Tax Return

In case the withholding tax was more than income tax, i get a certain return of money. How do I adjust this money for withholding tax against the companies? Currently, all the companies show the balance of withholding tax.

If the excess withholding tax is being refunded, then Receive Money and the Account would be the Withholding Tax account.

If the account has a balance of 100, and the refund is 100, then the receive money will cancel out that balance to zero.