General Ledger Integration

Posting of excise duty products (incoming or outgoing) also has a financial integration of the excise duty amounts in the general ledger. Besides the creation of the excise ledger duty entries, the financial integration must be performed when you post an excise item. The integration between goods movement and the financial administration must be covered which means that the financial posting is done with GL entries. The following assumptions on posting are applied:

• The Inventory Value of an excise duty product is always journalized excluding the excise duty amount.
• Purchase and Sales Values are journalized excluding the excise duty amount.

The main parameters for financial integration are:

• Subject to Excise Duty
• Direction of the goods movement (outgoing or incoming)