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NSC | Fixed Asset Management Processes > Accounts that must be set
When creating Fixed Asset Management records, make sure that the accounts are all set to avoid future errors when running FAM processes.
These accounts include following:
Note: This can be found by navigating to: Fixed Assets > List > Assets > Edit the Asset Record > On the Accounts subtab
If these accounts are not set, the following errors may occur:
- When running an Asset Transfer: "JOURNALERROR: One or more posting accounts are missing"
- When generating a Depreciation Schedule: "Invalid_Precalc_Field_Value: Please enter value(s) for: Depreciation Account, Depreciation Charge Account"
- When running an Asset Revaluation: "Invalid_Precalc_Field_Value: Please enter value(s) for: Depreciation Account, Depreciation Charge Account"
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Micah Patricia Timbol | Basic and Advanced Accounting, OTC Guru
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