Value model does not exist for fixed asset number

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Hi,

I was assigned a task to reverse a FA depreciation journal due to changing in the method of depreciation. I managed to reverse the journal, but there is another task where I need to move/transfer the net book value of value model 1 to value model 2 using the same fixed asset number after the reversal.

Example of the situation:

Fixed asset EF-ENG-CNI-VAC-001 value model: EF-RB10% has the net book value of 2,005,034.53000.

After the reversal of journal, create a new value model LL-SL84YRS for the fixed asset. Create a PO to change the value model status from 'not yet acquired' to 'open' and try to invoice but facing error as below:

"Account for transaction type Acquisition, value model LL-SL84YRS, does not exist for fixed asset EF-ENG-CNI-VAC-001". Please refer screenshot.

I have added the value model in the fixed asset group (EF) and checked on the financial dimensions in PO but still facing the error.

Can anyone assist on how to handle the error and how can I transfer the NBV from old value model to the new value model? Thank you.

0753.error2.JPG

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Ludwig Reinhard Microsoft Employee on at

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Hi Syaz,

Can you describe a bit more Details what you exactly tried to do until you got the error message?

Have you tried using the split fixed asset function available on the value model form to realize the Transfer between the different value models hat you have?

Ludwig

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Community Member on at

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Hi Ludwig,

First, when I added the new value method, the status is still 'not yet acquired'. Thus, I created a fixed asset journal to set the status from 'not yet acquired' to 'open'. During validating the journal, I'm facing the error. Please refer screenshot: (Note that I'm doing in the testing environment and latest data restore is until Apr, that's why my date in the journal is 1st Apr 2016).

When I can't proceed with the journal, I tried to create a PO, and invoice the PO but still facing the same error. I have used the split fixed asset function as you have suggested and post the split fixed asset journal as well, but the same error still persist.

The purpose of this is that I need to change the current depreciation method to straight line method. The challenge is to use the current fixed asset to a new value model. I've tried to use a new fixed asset with new value model, it doesn't prompt any error.

Thanks,

Syaz

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Frank Hamelly | MVP... 46,625 Super User 2025 Season 2 on at

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Syaz, check your posting profile for this asset group. It sounds like you're missing a GL account for the Acquisition transaction type in the posting profile.

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Community Member on at

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Hi Frank,

Great. I missed on creating the posting profile for the new value model. Appreciate your kind assistance.

Thanks,

Syaz

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