This article explains how to use the asset import wizard and templates to import assets where revaluations have previously made.
AssetAccountant will ensure your tax cost base and the accounting revaluation amounts are correct.
AssetAccountant's import wizard allows you to import previously revalued assets.
As part of this process, a revaluation reserve is created for the asset (where appropriate), based on the data you provide at when you bring assets into AssetAccountant with the Import Assets wizard.
The opening book value will be set to the values in the column that you map during the import process.
If the opening value with revaluations is the correct book value as at the opening balance date, then it is recommended to map the import to that column.
Using Import Assets, it's possible to enter details of past revaluations during the import process - including the latest Revaluation Date, Value and Revaluation Reserve / Loss position.
You can enable this option during the import process in order to take up the revaluation status of the assets:
You'll need to select 'Yes' when asked 'Are there any revalued assets?' in the import wizard process.
If you are also depreciating the asset for tax and have previously revalued the accounting cost of the asset they you will also need to say Yes to the question of "Different Cost/First Use per regime:
After mapping your tax and accounting methods, you'll be presented with a screen asking for revaluation data. You will need to ensure that this data is present in your import spreadsheet:
