Excise Entry

Madhavi_Pandey

Ques:I am using Navision 2009 and i want to post this excise entry........
e.g.

Excise Duty A/C ...Dr 10000
Edu.Cess A/C ... Dr 200
HSE Cess A/C ...Dr 100
Interest a/C ...Dr 300
To Bank A/C 1600
(Being.....................)

Can any one suggest me what is the process to pass this kind of entry because when i pass it through Journal or Bank payment voucher system not allow to pass the entry.

rajatkalia

HI Madhavi

what is the error u get while posting??


Regards,
Rajat.

arvindkhatod

You can not pay directly excise. You have to use PLA account and in navision you have to use Tax Journal in General Ledger-->Periodic Activities-->Excise--> Tax Journal

ssingla

I would advise you to have a look on excise feature instrauctions by microsoft. Most of them has been included in hot fix release of 4.0 SP3.

Madhavi_Pandey

When I am posting that Excise Entry,system shows the warnning message-

You must specify balance Account No. in Tax Jounral Line Jounral Templete name='Tax Journal',Jounral Batch Name='Tax',Line No.=10,000.

But for the following Excise Entry I don't want to enter any Data in Balance Account Field Because I want Four Debits and Single Credit entry.

e.g.

Excise A/C ........Dr 5,000
Edu Cess A/C ....Dr 100
HSECess A/C....Dr 50
Interest A/C....Dr 300
To Bank A/C 5,450
(Being................)

kriki

[Topic moved from 'Navision Financials' forum to 'NAV/Navision Classic Client' forum]

ssingla

Have u checked the manual I suggested and followed the steps mentioned there.