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This page allows you to reverse the authorized revaluation run. Tell me more.
Select the “Reverse Revaluation” link at the bottom of the “Select Revaluation Run” page.
The “Reverse Revaluation” page appears.
The system displays the following:
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Reversal Doc. No. |
The unique number generated while reversing the revaluation run. This number is automatically generated by the system based on the numbering type selected. |
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Status |
The status of the revaluation run number. The system updates the status to “Reverse” on clicking the “Reverse Revaluation” pushbutton. |
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Finance Book |
The code identifying the finance book in which the accounting entries are posted. |
Enter the following fields:
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Reversal Date |
The date on which the revaluation run must be reversed (Date Format). Mandatory. The reversal date must be less than the system date and greater than the run date. |
Note: The reversal date must fall within the open financial year.
The financial year start date and end date for the reversal date and the run date must be the same.
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Numbering Type |
Use the drop-down list box to select the numbering type for the login organization unit and the “Asset Revaluation” transaction type. The numbering types must have already been defined in the “Create Numbering Class” activity of the “Numbering Class” business component and must be in “Active” status as on the Transaction date. The system displays the numbering type set as default for the transaction in the “ Numbering Class” business component. |
The system displays the following fields:
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Revaluation Run No. |
The code identifying the revaluation run. |
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Revaluation Rule No. |
The number identifying the revaluation rule. |
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Posting Cost Center |
The code identifying the cost center to which the accounts are mapped. |
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Run Date |
The date on which the revaluation run was processed. |
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Revaluation Option |
The method by which the assets are revalued. |
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Currency |
The transaction currency of the asset account. |
The system displays the following in the “Asset Information” group box:
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Asset No. |
The number identifying the assets. |
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Tag No. |
The code identifying the asset tags. |
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Original Asset Cost |
The original cost of the asset. |
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Asset Book Value |
The cost of the asset after charging the depreciation. The system displays the difference between the asset cost and the cumulative depreciation. |
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Gross Revalued Cost |
The revalued cost of an asset. The system displays the total of the tag cost and the revaluation amount. |
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Revalued Depreciation |
The revalued cumulative depreciation of an asset. |
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Net Revalued Cost |
The system displays the difference between the gross revaluation cost and the revalued cumulative depreciation or the cumulative depreciation, if it is not been revalued. |
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Revaluation Depreciation Category |
The code identifying the depreciation category to which the asset class are mapped. |
The system displays the following:
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Gross Revalued Total Cost |
The total of all the gross revalued cost in the multiline. |
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Revalued Depreciation Total |
The total of the revalued depreciation. |
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Net Revalued Total Cost |
The total of net revalued cost in the multiline. |
The system displays the following fields in the group box:
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Created By |
The login Id of the user who processed the revaluation run. |
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Created Date |
The date on which the revaluation run was processed. |
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Last Modified By |
The login ID of the user who last processed the revaluation run. |
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Last Modified Date |
The date on which the revaluation run was last modified. |
Click the “Reverse Revaluation” pushbutton to reverse the entries that are authorized.
Note: At least one row in the multiline must be marked for reversal.
The number of records selected must not exceed the maximum records set in the OU Process Parameter Component.
If the depreciation processing has been completed before revaluation, the processing will have to be reversed before revaluation.
All the accounting entries generated during authorization are reversed.
The system generates a unique reversal document number based on the numbering pattern selected.
If the reversal option is “By Asset”, the system updates the status to “Reversed” for the selected asset.
If the reversal option is “By Revaluation Run”, the system updates the status to “Reversed” for the revaluation run number.
The system updates the login ID of the user to the last modified by and the system date to the last modified date. The system also displays the creation details of the revaluation run.
Click the “Batch Reverse” pushbutton to reverse the revaluation run batch.
Note: The revaluation run can be reversed in batch, if it exceeds a certain limit.
The system generates a unique reversal document number on reversing.
The system reverses the accounting entries that are generated while authorizing.
The system updates the status of the revaluation run number to “Reversed” on reversal.
The system updates the login ID of the user to the last modified by and the system date to the last modified date.
To proceed, carry out the following
Select the “Accounting Information” link at the bottom of the page to view the accounting information.
Click the "Attach Notes" link at the bottom of the page for attaching notes.
Reversing revaluation – An overview
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You can also reverse the revaluation run in bulk. You can enter the reversal date and the numbering pattern based on which the reversal document is generated. The system displays the revaluation run details. The system also displays the asset information pertaining to the revaluation run number.
The system generates a unique reversal document number on reversing. The system reverses the accounting entries that are generated while authorizing. The system updates the status of the revaluation run number to “Reversed” on reversal. The system updates the login ID of the user to the last modified by and the system date to the last modified date. The system also displays the creation details of the revaluation run.
