Excise Periods

Excise duty is often reported in predefined periods and these can vary per country. In order to define and manage excise duty reporting, within a specific period, the excise period is used.

It is necessary to define excise periods to give a reference in the closing process of the excise duty ledger entries. You can give an internal reference to the closed excise duty ledger entries with the excise period, so that it is possible to see afterward which entries are close at what moment.

The excise period is a free to define code and you can do it yourself. For an example, it can be YYYYMM or YYYYWW or any custom defined code. This makes it easy to select everything that must be closed at once. Excise period is an internal reference attached to the excise duty ledger entries.

1. Select the Search icon , enter Excise Periods, and then choose the related link.
   The Excise Periods page opens.
2. Choose New.
3. Enter the Code and the Description.
4. Select the Period Type.
5. Enter the Starting Date and Ending Date.
6. Select the Location.
   This field can include all standard functionalities of filtering within Business Central.

   
   You can onlydelete an Excise Period if no Excise Duty Ledger Entries exist during that Excise Period.

7. In the No of Records field, choose the drop-down arrow to view all the excise duty ledger entries which are closed within the excise period.

   
   The below mentioned fields are non-editable and are updated when closing or performing undo function on the closed excise duty ledger entries:
   Customs Reference, Updated By, Update at Date/Time, and Last Action.