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Former Member
Nov 20, 2011 at 04:39 AM

Cost Center error while settling assets to GL accounts in AIBU



In our scenario, we capitalized the huge repair maintenance work of Rs.45 Lacs. We kept this amount in AuC - Plant Machinery. Now as per auditors, this amount should be expensed out under Repairs GL account. We cannot captialzed it. Hence we decided to go with auditors.

Now i created AuC settlement rule in AIAB. Settlement type i gave as GL (instead of FXA). Receiver i gave it as GL account and settlement amount i gave it as 100%.

Now i double clicked on the line and then entered cost center and saved the settlement rule.

Afterwards i went to AIBU and ran settlement rule. Its giving me error: GL Account 43560001 (which is my settlement receiver) requires CO object.

I do not understand why its asking CO object even though i have entered it in AIAB.

Please help if there is any setting. I have done ACSET setting also (i.e. account assignment object).