- From the View Assets page, select the asset you would like to Revalue,
- Ensure you are in the appropriate regime (Accounts),
- Select 'Add',
- Select 'Revaluation',
- Chose your desired revaluation date, amount, and any notes.
- Select 'Save'.
Important: We have instances where clients have revalued assets, then created a new & separate asset for this. We recommend using our Revaluation function to revalue assets (under Add -> Revaluation), rather than creating the revaluations as separate assets. This allows AA to track any Revaluation Reserve so that you can account for this correctly.
Note: Revaluations and Impairments are IFRS and USGAAP accounting treatments, ensure compliance before saving.