Excise Duty Posting Setup

Excise duty integrates into the General Ledger. Each posted transaction of an excise duty product requires specific G/L accounts where the excise duty amount will be posted. You need to complete three different posting setups for excise duty:

• Excise Posting Setup
• Excise General Posting Setup
• Excise Inventory Posting Setup

These posting setups are explained below along with detailed explanation on GL accounts to be used and excise posting examples.