RE: Error when running depreciation

Hi, can anyone help with this please?

 

I am running depreciation for an existing asset – no revaluation or anything complex. Just straight-line for the month

INVALID_PRECALC_FIELD_VALUE: Please enter value(s) for: Depreciation Account, Depreciation Charge Account

The Depreciation Accounts have been selected on the Asset Record  <Accounts> subtab

 

thanks in advance!

 

 

 

 

ECM Rookie Asked on October 1, 2024 in Fixed Asset Management.
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1 Answers

It seems like you’re encountering an error due to missing or incorrect fields in the depreciation process. The error message suggests that the system requires valid entries for both “Depreciation Account” and “Depreciation Charge Account.” Even though you’ve selected these accounts in the Asset Record’s Accounts subtab, it’s possible that the values may not be mapped correctly or are missing in the transaction setup.

I recommend double-checking the account settings on the asset and ensuring they are properly linked in your depreciation transaction. If the issue persists, you might need to verify any system updates or review field mappings.

For further assistance, feel free to contact Codinix Technologies for expert advice on asset management and accounting solutions.

Rookie Answered on October 15, 2024.
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