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.

Access the Asset Revaluation Screen

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

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. Select the Search button.

Alternatively just select search to retrieve a full list of assets.

Create Revaluation

Select Valuations:List followed by Revaluation option.

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

You can select the other tabs to check values look correct.

Update the Revaluation

Save the Valuation.

Exit from the screen to the Asset list, select the Valuations:List 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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