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Revaluation

Caroline Buckland Updated by Caroline Buckland

The process

If an asset is professionally re-valued, you will need to record details of the increase or decrease in its capital value.  You can do this by creating a Revaluation (RV) record.

If a RV record is created on the Historic Book, the resulting postings will impact on the Revaluation Reserve account nominated on the FA Control Accounts.

1. Access the Asset Revaluation Screen

To access the Asset Register follow the menu options, Fixed Assets- FA Processes-Asset Maintenance-Asset Register.

2. Create Revaluation.

To access the Asset Register follow the menu options, Fixed Assets- FA Processes-Asset Maintenance-Asset Register.

Enter the Asset number in the Selection Window or enter another criteria. Click on OK.

Alternatively just click on OK to retrieve a full list of assets.

3. Create Revaluation

Right click against the asset and select Valuations followed by Revaluation.

Press Enter on the Keyboard to default the Values. Enter a New Valuation Amount.

4. Update the Revaluation

Click on Update.

Exit from the screen to the Asset list, click on the Valuations button.

You will see a new line is displayed for the Revaluation you have made. The H book will show an increased value. The B book will not reflect the valuation change.

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