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Excise Tax on Finished Goods

By
Zachary Rand
on 6/17/14, 10:29 PM 1,310 views

My company produces a product that is subject to US Federal and State excise taxes per unit produced. How do I configure Odoo 7 to automatically calculate these taxes and record a credit under the appropriate tax payable account upon completion of manufacturing?

Thanks.

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Ruchir Shukla
On 6/18/14, 1:47 AM

Try somehting from https://launchpad.net/openerp-india

indian accounting also have excise duty . they have implemented it for india

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Ludo - Neobis

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Developer

Ludo - Neobis
On 6/18/14, 10:40 AM

It is a different exercise from simply putting 2 taxes on the product? That is, assuming you already have those taxes configured?

So Sales --> Product --> Product, under the Accounting tab.

 

While I don't know much about the USA, I can assume that state taxes differ per state. If that is the case, you might want to look into the fiscal positions option (we use that over here in Europe to provide shipments of goods to other neighbouring EU countries). You can then make a record for each state where taxes are being substituted per state. Don't forget to propertly configure your partners.

 

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Asked: 6/17/14, 10:29 PM
Seen: 1310 times
Last updated: 3/16/15, 8:10 AM