Process a Revaluation Transaction

You can process an inventory revaluation in two ways:

• Revaluing Standard Cost Inventory in Bulk

  Select an existing cost version record, and set the date those costs become effective. Do so for all items associated with the cost version or only for select ones.

• Manually Entering an Inventory Cost Revaluation

  Select an item, and enter standard costing details. Upon submitting, a cost version record is created, and these costs become effective as of the transaction date.

You can enter only one revaluation transaction per date for each item in a specified location.

Note:

Calculations are performed with decimal precision to seven places. For example, 9.87654321 is calculated as 9.8765432.

Related Topics

Deleting a Revaluation

Revaluation and Multi-Book Accounting

Revalue Standard Cost Inventory

General Notices