Run Soft Revaluation – A summary of the activity

This activity allows you to process the revaluation run for an asset. No accounting entries will be posted in the books of accounts while running the soft revaluation. You can also select the insurance valuation rule number for updating the insurance details on revaluing the assets. You can specify the amount by which the assets are to be revalued before soft revaluation. The insurance details can be updated only when the revaluation process is complete. You can also view the run status before updating the insurance.

This activity also allows you to view the revaluation rule details before picking up for revaluation run. The system computes the revaluation total. The system generates a unique soft revaluation run number based on the numbering type selected. The system updates the status of the run number to “In Process”. The system updates the status of the run number to “Processed” when the run is complete. The system updates the login ID of the user to the created by and the system date to the created date.

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