Inventory Revaluation Window

Use this window to define which items you want to revaluate and how.

To Access the window, choose Inventory > Inventory Transactions > Inventory Revaluation

 

Inventory Revaluation Fields – General Area
Series

  • Select the required numbering series for the document.

Revaluation Type

  • Price Change – Select to change the cost of the item and calculate the value of the whole inventory according to the new price.
  • Inventory Debit/Credit – Select to revaluate by changing the inventory value, which will cause the item cost to change accordingly.

Ref. 2

  • Enter a reference for the journal entry, if required

Journal Remarks

  • Displays by default Inventory Revaluation. This text is copied to the journal entry.

Country-specific Fields: India

Seq. Name

  • Specify a sequence from the drop-down list. The system generates the sequence automatically.

Note

  • This field appears only for documents that are assigned a sequence.
  • End of the note.

Inventory Revaluation Fields – Table Area

Current Cost

  • Displays the current cost of the FIFO inventory item from one particular layer.
  • This field appears only if the selected revaluation type is Price Change.

New Cost

  • Enter the new cost you wish to assign to the item.
  • Appears only when the selected revaluation type is Price Change.
  • For FIFO inventory items the field is blank.

Debit/Credit

  • Enter the amount you wish to credit or debit from the current inventory value of the item. Enter credit as a negative value.
  • Appears only if the selected revaluation type is Inventory Credit/Debit.

In Stock

  • The total quantity in stock.

Issued Layers

  • Select to display all layers (including empty layers) for the item in the FIFO Layers table.
  • The column is disabled for Moving Average and Standard inventory items.

G/L Increase Acct, G/L Decrease Acct

  • Define the G/L accounts to be used as the balancing account in the transaction created by the revaluation. The G/L Increase Account is used when the inventory value is increased due to the revaluation. The G/L Decrease Account is used when the inventory value is decreased. The accounts appear as default in these fields and are taken from the item master data, item group or warehouse level.

Val. Method Displays the valuation method. If the method is FIFO, additional information is displayed in the FIFO Layers table.
Distr. Rule Enter the distribution rule/profit center to which the revenue resulting from the revaluation is allocated.

 

Inventory Revaluation Fields – FIFO Layers

Current Cost

  • Displays the current cost of the FIFO inventory item from one particular layer.
  • This field appears only if the selected revaluation type is Price Change.

New Price

  • Price of the layer.
  • This field appears only if the selected valuation type is Price Change.

Open Qty

  • Available quantity for the layer.

Quantity

  • Quantity of inventory item’s layer subject to debit/credit.

Debit/Credit

  • Enter the amount you wish to credit or debit from the current inventory value of the item’s layer. Enter credit as a negative value.
  • This field appears only if the selected valuation type is Debit/Credit.
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