Fixed Asset sale disposal showing error Depriciation(prior years) doesnot exist


I am posting fixed asset journal for disposal of sale for an asset.

The journal is validating OK

But on posting the same the following error is coming:

"Account for transaction type Depreciation (prior years), value model , does not exist for fixed asset ."

I have checked in posting profile that for this asset group ,value model is defined and as well as depreciation (prior year) is defined with gain / loss ofset account separately.

Kindly suggest what can be the error.

Thanks In advance.!!!


Can you check in Fixed asset posting profile-> disposal Sale/Scrap (Button) AssetDisposalParameters account setup.

Tejas shah


I had checked the setup, the ledger account as well as offset account had been set up for depreciation(prior years).