Revaluing an asset

  1. Select an asset for revaluation.
  2. Click Revalue and specify this information:
    Revaluation Date
    Specify the revaluation date of the asset
    Posting Date
    Optionally, specify the posting date.
    Book
    Specify the book.
    Amount
    Specify the revalued amount.
    Percent
    Optionally, specify the percentage of the revaluation.
    Sign
    Select if the revaluation increased or decreased.
  3. Click Submit.
  4. Verify the revalued asset in Assets > Reporting > Operations > Revaluations.
  5. Select whether to release the revalued asset, reset the revaluation, submit the revalued asset for approval, or leave the revalued asset in Progress status.
    Note: If the Approval Required option has been enabled at the company level, the Submit for Approval option will be available instead of Release on the asset.

    Resetting is still available until you select Submit For Approval. To verify submitted assets for approval, navigate to Assets > Waiting For Approval.