Inventory Revaluation Profile (IRP)

Inventory Revaluation Profile (IRP) is used when you need to adjust the standard costs of inventory to reflect exchange rate movements and other changes.

Costs of transactions during the current month are updated in both the ledger and the inventory module to reflect the updated costs. Free inventory is updated to use the new costs.

During revaluation, ledger transaction lines can be created to represent the revaluation values for all selected receipts and issues for the current period ready for import to the Financials ledger.

The Inventory Revaluation Profile contains the data that determines the scope and impact of the revaluation. It enables you to run revaluations on several occasions whilst entering the data only once.