Stone Profits User Support
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  • Home
  • Intro
  • Presales
  • Purchases
  • Inventory
  • Sales
  • Accounting
    • Receivables
    • Payables
    • Banking
    • General Ledger
  • Reports
  • Schedule
  • Contact Us
Stone Profits User Support

Revaluations

 
Your inventory's asset value derives from the purchase in your system which the inventory was received from. In the event you need to change the value assigned to an inventory item, you can perform a Revaluation for the item(s). 

This affects your Inventory Asset value on your balance sheet, and also affects an adjustment account assigned to the selected reason code. 

REVALUING INVENTORY
Start by adding the inventory items needing revaluations to your inventory cart. Then, click the word "Cart" on the top toolbar to view your cart. 
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Then, click the "Adjustments" button to click the option for "Revaluation" 
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On this screen, simply type in the desired value per unit for each inventory line. The total new value should calculate based on the total quantity multiplied by the value per unit. 
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Click the "Add New Revaluation" button to finalize the adjustment.
    Related Articles: 
    • Inventory Search
    • Inventory Cart
    • Positive Adjustments
    • Revaluations
    • Merging Inventory Lines
    • Write-offs
    • Reclassifications
    • Renumbering 
    • Split Inventory