This page allows you to revalue your assets. This is usually done when the asset is ready for disposal or when there is an expectant change in its market value such as for property assets.
To revalue assets, go to Assets/Entries/Revaluation.
You can filter the assets that you want to revalue. Define one or more of the following criteria and click Revalue. The assets that match the criteria you have entered are then displayed.
Type or select the relevant asset group range to specify the assets that should be revalued. Click All to revalue all asset groups.
Type or select the relevant serial number range to specify the assets that should be revalued. Click All to revalue all serial numbers.
Type or select the relevant item code range to specify the assets that should be revalued. Click All to revalue all item codes.
Select the relevant revaluation method. If Revaluation by amount is selected, Revaluation amount under the Entry data section will be enabled. If Revaluation by percentage is selected, Percentage under the Entry data section will be enabled.
Select the relevant depreciation method to be used when calculating the revaluation amount.
Type a description to be used when the system creates the financial transaction.
Type the amount by which the asset should be revaluated with. Typing a negative amount will reduce the amount of the asset accordingly. This field is available only if Revaluation by amount was selected at the Method field in Range section. When enabled, this is a mandatory field.
Type the percentage by which the asset should be revaluated to. Typing a negative amount will reduce the amount of the asset accordingly. This field is available only if Revaluation by percentage was selected at the Method field in Range section. When enabled, this is a mandatory field.
Type or select the revaluation account to be used to record the revaluation transaction. This is a mandatory field.
Type or select the general ledger account number to be used to record the revaluation transaction. This is a mandatory field.
Type or select the journal number to be used to record the revaluation transaction. This is a mandatory field.
Type or select the entry date used for recording the revaluation transaction.
Click this to refresh the screen and display the results based on the defined criteria.
Click this to exit.