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
