Spread the love

Fixed Asset Revaluation:
Revaluation of a Fixed Asset allows changes in the NBV of Asset (To be Increase/Decrease)
To record Fixed Asset Revaluation user will, Go to>Fixed Assets>>Journal entries>FA Journal

Create a New Revaluation Journal and Open “Lines”

Select the Transaction type “Revaluation”, Choose a Fixed Asset account, Enter the Amount to Revalue.

Fill in the offset account details, At the end Validate & Post the Journal