Excise Entry in sd & mm

Question

HI expert,
what is the detail process of excise entry in sd module & fi module at the time of sale invoice and other excise related entry  the same in MM & FI detail entry
regards
gk

Answer 1

Hi
The accounting entry generated in MM-FI is
At the time of MIGO
Stock A/c Dr
    To GR/IR Clearing A/c
At The time of Excise Invoice Posting
Excise Duty BED Dr
Excise Duty Ecess on BED Dr
Excise Duty SEcess on BED Dr
    To Cenvat Clearing A/c
At the time of Capturing of Invoice through MIRO
Cenvat Clearing A/c Dr
GR/IR Clearing A/c Dr
Input VAT A/c Dr
     To Vendor A/c
The Accounting Entry generated in SD-FI
At the time of Outbound Delivery
Change in Stock - FG
    To Stock A/c -FG
At the time of Commercial Billing (Net of excise)
Customer A/c Dr
    To Revenue A/c
    To Vat Payable/CST Payable
    To Cenvat Suspense A/c
At the time of Excise Invoice
Cenvat suspense A/c Dr
    To BED Payable A/c
    To ECESS on BED Payable A/c
    To SECess on BED Payable A/c
At the time of Commercial Billing (Gross of Excise)
Customer A/c Dr
     To Revenue A/c
     To VAT Payable/CST Payable A/c
At the time of Excise Invoice
Excise Duty Expense A/c Dr
    To BED Payable A/c
    To ECESS on BED Payable A/c
    To SECess on BED Payable A/c
Hope this clarifies your query
Regards
Sanil Bhandari