I want to know the difference in between A/R Invoice or Outgoing Excise Invoice(Sales Order -> Delivery -> A/R Invoice or Outgoing Excise Invoice ).In which scenario i have to use A/R Invoice or Outgoing Excise Invoice.
The Outgoing Excise Invoice is used to post the Excise entries into your books of Accounts.
While the A/R Invoice is your final invoice which is to be given to customer & in which your Customer is debited and revenve is booked.
COGS A/c Dr. XXX
INVENTORY A/C Cr. XXX
At OutGoing Excise Invoice
Excise Duty Paid A/c Dr. xxx
Basic Excise Duty Payable A/c Cr.
Education Cess Payable A/c Cr.
S & H E Cess payable A/c Cr.
Customer A/c Dr. XXX
Revenve A/c Cr . XXX
Excise Duty Paid A/c XXX
Hope this will help you in understanding the difference.
Thanks & Regards,