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Account can not be defined as Acquisition account

  • 30 November 2021
  • 2 replies
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Userlevel 5
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Hi,

I am trying to add the following account as an acquisition account, but am getting the below error.
I tried clearing out the hold-table thinking maybe if there was pending activity against this account it may cause the error but it still persists.

 

Best regards,
 

 

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Best answer by Nancy Fink 30 November 2021, 18:56

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2 replies

Userlevel 6
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The current design of IFS Applications is such that it doesn't allow an account connected with a transaction to be redefined as an acquisition account. If the customer wants a particular account to be defined as an acquisition account he should do so for a fresh account which is not connected with any transactions.
This is because if an account is converted into an acquisition account when it has balances the FA ledger balances will be distorted and may not reconcile with the GL

Userlevel 5
Badge +8

@Nancy Fink thank you!