Improvement transactions are requiring depreciation accounts on non-depreciating assets

Description of Issue

Error received when creating an Improvement transaction on a non-depreciating asset with type 1 & 2 accounts:  Asset XXXXXXX requires account types 1 and 2 for posting.

Context

Capital Assets

Cause

Improvement transactions are incorrectly requiring depreciation accounts on non-depreciating assets

Resolution

Install ticket from Cannot update accounts on assets with associated CIP accounts to correct the issue

Workaround options:

  • Adjustment transactions will process correctly with only type 1 & 2 accounts
  • To process an Improvement, type 5 & 6 accounts would need to be added to the asset
Additional Information