What is 'excise invoice' in SAP FI - Financial Accounting?

excise invoice - Overview

• Component: FI

• Component Name: Financial Accounting

• Description: A business document, in India, that you prepare when you issue excisable goods from a manufacturing plant, for example: To be sold to a customer To be transferred to another of your plants The excise invoice lists the goods that you have issued and states how much excise duty applies. Your customer uses the excise invoice to claim back the excise that it has paid from the excise authorities.

excise invoice - Details

• 
  Key Concepts: 
  An excise invoice is a document used in SAP Financial Accounting (FI) to record the sale of goods subject to excise duty. It is used to track the payment of excise duty and other taxes associated with the sale of goods. The excise invoice is also used to calculate the amount of tax due on the sale of goods. 
  
  How to use it: 
  In SAP FI, an excise invoice is created when a customer purchases goods that are subject to excise duty. The invoice contains information about the customer, the goods purchased, and the amount of excise duty due. The invoice is then sent to the customer for payment. Once payment is received, the excise duty is recorded in SAP FI and the invoice is marked as paid. 
  
  Tips & Tricks: 
  When creating an excise invoice in SAP FI, it is important to ensure that all information is accurate and up-to-date. This includes the customer’s details, the goods purchased, and the amount of excise duty due. It is also important to ensure that all taxes are correctly calculated and recorded in SAP FI. 
  
  Related Information: 
  Excise invoices are closely related to other documents used in SAP FI such as sales invoices and purchase invoices. It is important to understand how these documents interact with each other in order to ensure accurate accounting records.