Item Revaluation

Revalues stock on hand. For each item (and site, warehouse, variant as the item is valued) the screen shows the quantity and value on the posting date; type the new unit cost and Save posts the difference.

Where

Item Revaluation. It is not on the delivered Inventory menu

Who uses it

The cost accountant

When

When stock must be written down or up

Needs first

A journal whose revaluation movements carry an offset account; the inventory posting profile for them

What it is for

It changes value, not quantity. A line that raises value is booked on the revaluation-up movement, one that lowers it on the revaluation-down movement: inventory account from the posting profile on one side, the journal's offset account on the other.

The one rule people get wrong: an item revaluation cannot be edited, deleted or reversed. To undo one, revalue again.

Every field in plain words

Field	What it means	What to put
Posting Date	The revaluation date
Transaction Journal	The journal
Notes	Free text
Item No, Item Variant, Name	The item	A variant item needs its variant. Only stocked items
Site, Warehouse	The valuation level	Required exactly as the item is valued: a site for site valuation, a warehouse for warehouse valuation, empty otherwise. Each combination once
Inventory Unit, Quantity	On hand on the posting date	Read only
Unit Cost Calculated, Inventory Value Calculated	Current cost and value	Read only
Unit Cost Revalued	The new unit cost	Type it
Inventory Value Revalued, Unit Cost Difference, Inventory Value Difference	The result	Read only. At least one line must differ
Line Text	Free text

If something looks wrong

• "There is no rows found with Unit Cost Revalued." - no line changes value.
• "... this is not an Stock Item"
• "... this is on site valuation, please define site" / "... not on site valuation, please empty site" (and the warehouse variants), "... this variant item, please define variant"
• "Please Configure Journal properly, Cannot find movement of ..." / "... Account is not defined in ... this Movement"
• "Posting Profile is not defined in IC Movement ... of Item Posting ..."
• "You cannot Edit this document.", "You cannot delete this document.", "You cannot Reverse this document."