FA Add.-Currency Factor must have a value in FA Depreciation Book. It cannot be zero or empty.

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Posted on by Dom-6

Hi, i am trying to post the depreciation/maintenance of Fixed asset in FA G/L journals. Facing the following error

FA Add.-Currency Factor must have a value in FA Depreciation Book: FA No.=FA000130, Depreciation Book Code=COMPANY. It cannot be zero or empty

Please help, Thanks in advance.

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Andy Sather on at

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Here is a blog post that talks about this error:

navitrail.wordpress.com/.../

If that does not help I would recommend opening a support case, so we can troubleshoot
Community Member on at

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Teja,

On the Depreciation Book Card, do you have, on the Reporting Fast Tab, any Add-Curr Exch set to TRUE?

On the General Ledger Setup, do you have an Additional Reporting Currency set? You do not have to type an additional reporting currency or select these options if you are already using an additional reporting currency in the general ledger that has a fixed exchange rate, such as EUR. All entries from the FA module calculate in the correct additional currency in the associated general ledger entries. You only need this additional reporting currency if the additional currency is variable (with a changing exchange rate). If it is variable, there is a risk that the FA book values will never balance if the additional currency was
adjusted. This is the reason to fix the exchange rate of the additional variable currency in the FA module for each fixed asset

I would check what you have setup and also was this Fixed Asset posted in a FX.

Hope this helps.

Thanks,

Steve
Dom-6 85 on at

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Thank You, Steve. My issue is resolved by disabling the checkbox in reporting tab.
NatoJ on at

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Good Day,

How should I setup system, so that FA Depreciation in additional reporting currency is calculated similarly as if it is functional currency, not to have depreciation fluctuations due the rate change. Rate is not fixed

Thanks
Community Member on at

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NatoJ,

Make sure the Additional Reporting Currency is updated daily using the Service, like Floatrate.com. When you run the Depreciation calculation you should see the Additional Reporting Currency entries in the General Ledger Entries.

Thanks,

Steve
NatoJ on at

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Dear Steve,

What should we do to have zero book value in additional reporting currency once FA is depreciated fully. Due to fluctuating rates Book value in local currency is zero, but in additional reporting currency not.
Mostafa_Alsharkawy 5 on at

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Hello NatoJ! did you find a solution, i'm having same issue.
Jun Wang 8,202 Super User 2025 Season 2 on at

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I believe the answer is to disable additional reporting currency. there is detailed info about how to set up ACY and info about disable as well. remove the ACY code from general ledger setup.