Today's tutorial is about evaluating item, revaluation is done when the user wishes to evaluate its inventory due to price changes and inflation in the market.
To do the revaluation go on the following menu.
Main Menu --> Department --> Financial Management --> Inventory --> Costing --> Revaluation Journals.
Step 1:
Click on the button Calculate Inventory Value
Step 2:
Fill the pop up filter.
a.) Enter the posting date.
b.) Enter a document number
c.) Calculate per item ledger entry
d.) Enter the Item No.
Step 3:
Enter the unit Cost you wish to revaluate.
Then Amount, Unit Cost (calculated), Inventory value (calculated) will be calculated automatically.
Step 4:
Click on Post validate the revaluation.
Click on OK to close and go to your item card and check the unit cost.
