Revaluation

The AM Revaluation form will allow you to create and/or view transactions that revalue an Asset Book in an Asset, accounting for any gain or loss including maintenance of a Revaluation Reserve.  Before being revalued the Asset must firstly be depreciated up to the date before the revaluation date so that any gain or loss on the revaluation will be calculated correctly.

Assets are normally depreciated in bulk via the AM Reporting functionality, which is further detailed in the Asset Bulk Depreciation Process section.  Assets can also be depreciated individually by clicking on the  button on the Main tab of the AM Asset Maintenance form, as detailed in the Amending Assets section.

The AM Revaluation form can be accessed by selecting the Financials option on the Financials Web Main Menu:

Then the Asset Management menu option:

Then the AM Asset Transactions menu option:

Then the AM Revaluation menu option:

The AM Revaluation form will open:

This form can also be accessed by clicking on the  button on the Main tab of the AM Asset Maintenance form, as detailed in the Amending Assets section.  In this case certain fields will be populated from the Asset on the AM Asset Maintenance form:

A  button will also be available - clicking on this button will open the AM Asset Book Values Before the Transaction screen, detailing values of the Asset Book before the Revaluation transaction.  This screen is further detailed in the Asset Book Values section.

This form can be used to create a Revaluation transaction, which is further detailed in the Creating Revaluation Transactions section, or to view a Revaluation transaction, which is further detailed in the Viewing Revaluation Transactions section.