Infor Public Sector Asset Valuation keeps an accurate and detailed record of the value of every asset in your inventory, including changes in the asset's value over time due to depreciation, revaluation, or expenditures.

Before you can begin using Asset Valuation you must create budget numbers and accounting periods. You must also create one or more asset valuation books, and you must define how Infor Public Sector will create journal entries.

The first step in tracking the value of an asset is to create an asset valuation record for it. Asset valuations are based on the initial cost of an asset and are used to track changes in the asset's value over time due to depreciation, revaluation, or capital expenditures.

An asset valuation group is a collection of related asset valuation records.

Depreciations reduce the value of an asset for a particular depreciation period using the depreciation method set up on an asset's valuation record.

In addition to calculating depreciation, you can revise the values of your assets at any time.

In addition to revaluing your assets and calculating depreciation, you can use Asset Valuation to record various other financial details for your assets.

Infor Public Sector records debit and credit journal entries for every asset valuation transaction. The journal entries are generated by a batch process called a journal run.

Movement data shows changes in an asset valuation over time, such as changes in the asset's value due to depreciation or capital expenditures.