Reverse Revaluation – A summary of the activity

This activity allows you to reverse the revaluation run in authorized status. You can also reverse the assets in batches. This activity allows you to search and select the revaluation run in authorized status for reversal. All the accounting entries generated during authorization will be reversed.

The system updates the status of the revaluation run to “Reversed” and generates a unique reversal document number. The system also stores the login ID of the user to the last modified by and the system date to the last modified date.

Getting familiar with the pages

What you can do in this activity

Automatic generation of reversal number

Reverse the run number in batches

Automatic generation of reversal number

The system automatically generates a reversal document number on reversing, based on the numbering pattern specified.

• Go to “Select Revaluation Run” page or “Reverse Revaluation” page.

• Specify the numbering type and reverse the revaluation run.

Reverse the run number in batches

If the number of assets in the revaluation run exceeds certain limit it can be reversed in batches.

• Go to “Reverse Revaluation” page.

• Reverse the assets in batches.

The system updates the status of the revaluation run number to “Reversed”.