Recording Accounting for Excise Adjustments

For the excise adjustment invoices, the Excise Invoice Posting subprocess creates accounting entries for the PLA, CENVAT Value - Raw Material, and CENVAT Value - Capital Goods registers. This subprocess can be run using the Register Update process page. After the Excise Invoice Posting subprocess creates the accounting entries, the internal excise invoice table is updated with the details of posting date and accounting document reference.

PLA

No accounting entries are created by the Excise Invoice Posting process when you enter an excise adjustment to update the PLA register for payment (increase) to your PLA account. Instead, Payables records the payment and its accounting entries.