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Suggested answer

Error "Account for transaction type Revaluation, book LOC, does not exist for fixed asset"

Posted on by 65

Hi all,

When attempting a Reclassification of a fixed asset, I am getting the error message "Account for transaction type Revaluation, book LOC, does not exist for fixed asset".

How can I solve this?

Thank you.

Regards,

Mafalda

Categories:
  • Junaid Idrees Profile Picture
    Junaid Idrees 12,740 on at
    RE: Error "Account for transaction type Revaluation, book LOC, does not exist for fixed asset"

    Hi mafalda,

    Glad to know that your issue is fixed. Please also help to mark the thread as answered to help others.

    Thank you and Good Luck.

  • mafalda Profile Picture
    mafalda 65 on at
    RE: Error "Account for transaction type Revaluation, book LOC, does not exist for fixed asset"

    Hi Ludwig,

    Thank you for your help.

    Regards,

    Mafalda

  • mafalda Profile Picture
    mafalda 65 on at
    RE: Error "Account for transaction type Revaluation, book LOC, does not exist for fixed asset"

    Hi Junaid,

    Thank you for your help.

    Regards,

    Mafalda

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: Error "Account for transaction type Revaluation, book LOC, does not exist for fixed asset"

    Hi mafalda,

    You can check a couple of things.

    First that account 453 is included in your account structures.

    Second, replace account 453 with a different one, save it and set it back to 453. This can help if a change to the CoA has been made in the ledger form.

    Third, check that the posting profile GEN is still linked to your FA parameters and that no change has been made (accidental deletion).

    Best regards,

    Ludwig

  • Junaid Idrees Profile Picture
    Junaid Idrees 12,740 on at
    RE: Error "Account for transaction type Revaluation, book LOC, does not exist for fixed asset"

    Hi mafalda,

    Do you have any further updates to share with us or Do you need any additional information/help from community?

  • Suggested answer
    Junaid Idrees Profile Picture
    Junaid Idrees 12,740 on at
    RE: Error "Account for transaction type Revaluation, book LOC, does not exist for fixed asset"

    Hi mafalda,

    Is this account 453 is included in your account structure in GL 》 chart of Accounts 》 Structure 》 configure account structure .

    Can you please make sure this and get back to us.

  • mafalda Profile Picture
    mafalda 65 on at
    RE: Error "Account for transaction type Revaluation, book LOC, does not exist for fixed asset"

    Hi Ramit,

    Here is my Fixed assets Posting profile configuration:

    pastedimage1603377486300v1.png

    I have tried posting again and the error still occurs.

  • mafalda Profile Picture
    mafalda 65 on at
    RE: Error "Account for transaction type Revaluation, book LOC, does not exist for fixed asset"

    Hi Ludwig,

    Here is my Fixed assets Posting profile configuration:

    pastedimage1603377405350v1.png

    I have tried posting again and the error still occurs.

  • mafalda Profile Picture
    mafalda 65 on at
    RE: Error "Account for transaction type Revaluation, book LOC, does not exist for fixed asset"

    Hi Junaid,

    Here is my Fixed assets Posting profile configuration:

    pastedimage1603376872079v1.png

    I have tried posting again and the error still occurs.

  • Suggested answer
    Junaid Idrees Profile Picture
    Junaid Idrees 12,740 on at
    RE: Error "Account for transaction type Revaluation, book LOC, does not exist for fixed asset"

    Hi mafalda,

    Please goto Fixed Assets >> Setup >> Fixed Assets Posting profile >> Selet your Book LOC along with revaluation ledger account.

    42808.PNG

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