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On hold account is missing

Former Member
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Hi Expert,

I have facing error message "On hold account is missing" at the time of adding A/P and A/R invoice whereas user selecting CENVAT tax code.it gives error message only at the time of selecting CENVAT tax code, i check all i.e posting period,doc series,COA no any account on hold.can u please suggest me proper solution.

Sudhir

Edited by: sudhir pawar on May 6, 2010 9:01 AM

Accepted Solutions (0)

Answers (4)

Answers (4)

Former Member
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Hi sudhir according to me this error arises when u enter purchasing document for item which are maintained as capital goods, there is a requirement in india that 50% of excise duty of capital goods can be utilized in next fiscal year so the 50% of total excise duty is posted in a different account known as capital goods on hold account. if u have any more query then revert back.

regards

rashid

Former Member
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Hi Sudhir pawar,

Rashid is perfectly right.

Regds.

mahesh.

Former Member
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Hi MR.Mahesh Amale,

I want solution from you bz i already done setting in G/L detrmination and after that its not working.

sudhir.

Former Member
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Hi Rashid,

I set Capital Goods On Hold Account in Purchase -Tax in G/L acct detrmination.

and also set Non-Deductible Acct in Tax code of CENVAT.may be i done settings wrong can u pls tell me correct settings to resolve above error.

Thanks in advance.

Rgds

Sudhir

Former Member
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Hi Sudhir,

Tell me on which PL u r working , and actualt what scenario u r testing , in sence that i will test it and get back 2 u.

Regds.

Mahesh.

Former Member
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Dear all,

Above problem related with G/L determination i resolved above issue by checking G/L determinations.

Closed now.

Sudhir Pawar.

Former Member
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Hi Mr. Sudhher,

" ON HOLD ACCOUNT MISSING"

How do u got the solution, can u explain it::

Thanks

Chakrapani

Former Member
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Hi sudhir, the item is capital good for which you are entering A/p Invoice if Yes than you have to specify a capital goods onhold account in g/l account determination.

Former Member
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Dear All,

I tried all above solutions before posting a query can u pls tell me reason behind above error.

Sudhir.

Former Member
0 Kudos

hi sudhir

u need to go to admin-setup-financial-tax-tax code setup and open the cenvat account code setup there u would find sale tax and purchase tax account click on the arrow that would lead u to COA with respective account selected click on account details and check if there are any check marks against active or on hold account if yes then remove it

Regards,

Manish

former_member196081
Active Contributor
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Check in Tax code setup For that perticuler tax code"purchase tax/sales tax account are mention properly or not".Check there Effective date too.All tax code account are available in COA or not.