Excise to Reclaim
Excise Duty Management
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Article
•
4/29/2023
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2 min
| Excise to Reclaim – Purchase And Sales | ||
|---|---|---|
| Posting | Purchase | Sales Return |
| Receipt | To Reclaim Account | To Reclaim Account |
| at To Reclaim Account (Interim) | at To Reclaim Account (Interim) | |
| Invoice | To Reclaim Account (Interim) | To Reclaim Account (Interim) |
| at Purchase Account | at Sales Credit Memo Account | |
| Excise to Reclaim – Transfer | |||
|---|---|---|---|
| Posting | Transfer From | Transit | Transfer to |
| <Blank> | <Blank> | Yes | |
| Shipment | Transfer Account (Interim) | Inventory Account | |
| at Inventory Account | at Transfer Account (Interim) | ||
| Receipt | Transfer Account (Interim) | To Reclaim Account | |
| at Inventory Account | at Transfer Account (Interim) | ||
| Excise to Reclaim – Adjustments | ||
|---|---|---|
| Posting | Positive | Negative |
| Item Journal Line | To Reclaim Account | N/A |
| At Inventory Adjmt. Account | N/A | |
| Excise to Reclaim – Production | ||
|---|---|---|
| Posting | Positive Consumption | Negative Consumption |
| Gain/Loss Journal | To Reclaim Account | |
| At Production Balance Account | ||