There is a discrepancy between the journal operations/tax Tax and the value model operations/tax Current.

When trying to post an asset,I receive the below error message:

Error: Fixed asset PAE_000471, value model P&E. There is a discrepancy between the journal operations/tax Tax and the value model operations/tax Current.

Im not sure what to check/change inorder to post this fixed asset journal.

Hi Tim,

It seems that you have attached FA Group both for the tax layer and current layer and the tax layer FA group has some setup discripency.

Check all the setup, particularly related to depr. profile.

Also, have you also attached any depreciation book? Check that also as if you are using tax layer, than depreciation book is not required.

Pranav…

Hi Tim,

Same error came to me as well, and after spending hours i came to know that in Value models there is a check box by the name of “Create depreciation adjustments with basis adjustments” , remove that check box and you will not be getting this error any more.

Please note : removing this checkbox from value model not necessarily updates individual asset record, you have to go in individual asset’s value model and remove this checkbox from there as well.

Regards

Matloob