Sales Invoice

[Former Member]

Hi,

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.

Regards

[Former Member · Accepted solution]

Hi Sandeep,

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.

Example -

At Deliver

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.

A/R Invoice

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,

Abhishek

[Former Member]

Hi sandeep,

Outgoing invoice is basically a TAX invoice. which will be of 3 copies. 1. Self copy 2. Customers copy 3. Drivers copy. Out going excise invoice will be only prepared if the item is excisable.

Basically customers can avail credit on excise only with customer copy.

even though if you do outgoing excise invoice u have to do A/R invoice to debit the customer.Unless you do A/R invoice the balance of the customer will not increased.

Regards

Shashi