Hi ,
I have AUC asset and this auc i am settling to GL account during the settlement i got below Error
Settlement of Old Asset Data to Receiver Type G/L Not Allowed
Message no. AW607
Diagnosis
You tried to settle values from the previous year to a receiver other than an asset. This procedure is not supported by the system.
Procedure
Check your distribution rules and change the receiver.
Note : i crrired out all year end activies and in the settlement profile i put gl account is optional in settlement profile
Please advise on this
Regards.