Question

Initializing Fixed Assets into posting ledger generates errors - Placed in Service Date/Fin Pd does not exist

  • 2 November 2021
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I’ve been working on initializing the Fixed Assets module for a client which has assets dating back to 1991.  The assets are to be imported using the “posting” ledger (BOOK).  Recognizing that these assets pre-date the first financial period as configured in Acumatica, we shifted the first financial period back to 1991 (from 2019) and made sure that all periods have been re-opened.  The FA module is in “initialization mode” as the Update GL option is cleared.

Yet when importing the assets the system generates an error stating that the financial period doesn’t exist for the FA Book to which the assets are being imported.  The system is directing us to “generate the book calendar”, which, as I understand it, can only be used for “non-posting” books.

What are we doing wrong?  Has anyone else encountered this issue?   A case will be opened...


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