G/L Integration per Excise Posting

Excise Duty Management  •  Article  •  4/29/2023  •  1 min

Each Excise Posting uses different GL Accounts for posting the positive and negative account in the General Ledger. These different Excise Postings are explained for Sales, Sales Return, Purchase, Purchase Return, Transfer, Adjustments (Positive and Negative), Production (Output, Consumption) and Assembly (Output, Consumption).

The order is as follows:

  • Excise to Reclaim
  • Excise to Pay
  • Excise in Inventory