Enter Revaluation in an Integrated Workbook

This example demonstrates how to enter revaluation for an asset using an integrated workbook. You can enter revaluation using either the Cost method or the Net Book Value (NBV) method. This example uses the NBV method.

Before You Start

1. Set up revaluation rules for the asset book.

2. Set up revaluation default accounts for the asset category.

Enter Revaluation

1. From the Assets page, click the Revalue Assets panel tab.

2. Select the book REVAL BOOK and click Search.

3. On the Create Revaluation page, complete the fields as shown in the following table:

   Field	Row 1 Value	Row 2 Value
   Asset Number	00020	00021
   Revaluation Method	NBV	NBV
   Value Type	Amount	Amount
   Amount	2000	5000

4. Click Submit.

5. On the Revalue Assets page, select the REVAL BOOK book and click Search.

6. Click Prepare All.

7. Enter your login information and click Sign In.

8. In the Manage Revaluations integrated workbook, verify the information you entered and make any necessary updates.

9. Change the Posting Status field to Post.

10. Click Submit.

11. Verify the Post Mass Fixed Asset Financial Transactions process status.

12. Verify the revaluation transaction by performing an asset or transaction inquiry.