execise invoice issue

[Former Member]

what is the accounting document created when excise invoice is posted.

[reazuddin_md]

When you save billing doc - VF01

Customer a/c -Dr

to Cenvat Suspense (BED/CESS/HrCESS)

to VAT/CST a/c

When you save Excise Invoice - J1IIN

Cenvat Suspense a/c - Dr

to Ed/CESS/HrCESS Payable a/c

[Former Member]

HI Prasad,

The accounting document is for the posting of the excise values. the accrual is created at time of excise invocie

Thanks

akasha

[Former Member]

Dear Prasad

When Billing document is created -

Customer Account is Debited

Sales Account is Credited

Sales tax Payable Account is Credited

CENVAT Suspense Account is Credited

When Excise invoice is created (only excise related

CENVAT Suspense Account is Debited

CENVAT BED, ECESS, HECESS accounts are Credited

Both the process can be configured in 1 step or seperatly

Regards

Tejpal