Excise Tax

Application Setting Date Type/ Value Type Comment Action
Revenue Account Number for Excise Bills Effective Date Identifies the Revenue account that will be used when building Excise Tax Charges in Accounts Receivable. Enter a valid Revenue Account Number in this field
Excise Interest Rate Schedule Effective Date Identified the rate schedule configured in AR for Excise to use when calculating delinquent interest. Configure the Rate schedule in Tax > AR > Payment Terms Setup > Payment Terms Rate Schedules. Save it and then copy the Short description from that page and paste it into this field, so excise knows which rate schedule to use.