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

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Posted on by mafalda

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

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Junaid Idrees on at

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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 65 on at

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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 65 on at

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

Hi Junaid,

Thank you for your help.

Regards,

Mafalda
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Ludwig Reinhard Microsoft Employee on at

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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 on at

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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?
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Junaid Idrees on at

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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 65 on at

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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:

I have tried posting again and the error still occurs.
mafalda 65 on at

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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:

I have tried posting again and the error still occurs.
mafalda 65 on at

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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:

I have tried posting again and the error still occurs.
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Junaid Idrees on at

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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.