Problem related to Customer return -Billing(Cenvat suspense account)

[Former Member]

Dear all,

I am facing one problem related to accounting entry for suspense account not getting cleared against customer return.

We create sales order against customer return, inbound delivery & goods receipt against same. Then billing document is created against return sales order. Accounting entry is generated in background as follows.

Revenue account -Debit entry

Cenvat Suspense account-Debit entry

Customer account- Credit Entry

It is ok upto here, but account dept. pointing out that, Cenvat suspense account is not getting cleared for customer return & how to clear pending entries against cenvat suspense account in system?

Plz. give solution to resolve this issue.

Thanks & Regards,

Mukesh Pardeshi

[former_member187989 · Accepted solution]

Check this link,it will answer ur query,

Jeyakanthan

[Former Member · Accepted solution]

Dear Jaykanthan,

I had gone through your reply & came to conclusion that,

when we do billing against any customer return document,the accounting entry is,

Customer account-Credit

Revenue account-Debit

Cenvat suspense(BED)-Debit

Cenvat suspense(ECess)-Debit

Cenvat suspense(SECess)-Debit

And

when we do J1IH(Tab selected-Additional Excise), here we have to do entry against Vendor(Customer is maintained as Vendor) & the accounting entry is,

Cenvat clearing account-Credit

RG 23A BED Domestic- Debit

RG 23A ECS Domestic-Debit

RG 23A SECess Domestic-Debit

Means here cenvat suspense G/L account & cenvat clearing G/L account are different, thats why Cenvat suspense entry against customer return is not getting cleared as per account dept.

So now plz. tell me how to handle this matter so that, cenvat suspense account against customer return gets clear(Knock off)?

Thanks & Regards,

Mukesh Pardeshi.

[former_member187989 · Accepted solution]

Check this link

[Former Member]

Hi,

you have do it via J1IH only, If you want to add something into account then use Additional Tab, if you want to Deduct something then use Other adjustments tab & deduce particular amount from the account.

Regards,

Vijay.

Edited by: Vijay kumar on Dec 29, 2009 4:59 AM

[Lakshmipathi]

It has to be manually knocked of via J1IH

thanks

G. Lakshmipathi

[Former Member]

Dear Lakshmipati,

Thanks for replying, but how to do it? plz. describe in details & also give details of accounting entry posted after J1IH, to knock off cenvat suspense entry pending against customer returns.

Mukesh Pardeshi

[Former Member]

Dear I think

U have to manually give BED etc in thru additional excise or thru other adjustment.

Thanks

Chandra