When I try to post fixed asset journal for transaction type ‘disposal-sale’, I am getting error as “disposal parameters post value net book value does not exist”.
But, in Fixed asset Posting profile, all required ledger accounts and offset accounts for value model and fixed asset group has been already defined for disposal-sale and also under disposal-sale button for posting value (net book value, acquisition value, depreciation (prior year), depreciation (this year).
And also, ensured that the default posting profile for fixed asset is specified under GL-> Parameters->Fixed asset tab.
What would be the cause for this error ?. I need help to fix this issue…
No we are not selling this asset to customer, but to one of our internal employee which will be treated as employee loans and advance. And it will be deducted on monthly basis from his salary account.
Under Fixed Asset setup> posting profile> Disposal (sale or scrap) button> Create new lines> Choose a value model> Choose the post value: NET BOOK VALUE
There is company owned Mobile Phone worth Rs.56000 Service Life is 4 Years , we using Straight Line Depreciation after 2 years , we deiced sell it to an internal employee.