diff --git a/erpnext/accounts/doctype/purchase_invoice/purchase_invoice.py b/erpnext/accounts/doctype/purchase_invoice/purchase_invoice.py
index f4fd1bf..df957d2 100644
--- a/erpnext/accounts/doctype/purchase_invoice/purchase_invoice.py
+++ b/erpnext/accounts/doctype/purchase_invoice/purchase_invoice.py
@@ -297,8 +297,15 @@
 						item.expense_account = stock_not_billed_account
 
 			elif item.is_fixed_asset and not is_cwip_accounting_enabled(asset_category):
-				item.expense_account = get_asset_category_account('fixed_asset_account', item=item.item_code,
+				asset_category_account = get_asset_category_account('fixed_asset_account', item=item.item_code,
 					company = self.company)
+				if not asset_category_account:
+					form_link = get_link_to_form('Asset Category', asset_category)
+					throw(
+						_("Please set Fixed Asset Account in {} against {}.").format(form_link, self.company),
+						title=_("Missing Account")
+					)
+				item.expense_account = asset_category_account
 			elif item.is_fixed_asset and item.pr_detail:
 				item.expense_account = asset_received_but_not_billed
 			elif not item.expense_account and for_validate: