Revaluing an asset
- Select an asset for revaluation.
-
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.
- Click Submit.
- Verify the revalued asset in Assets > Reporting > Operations > Revaluations.
-
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.