What is inventory revaluation in SAP SBO - SAP Business One?

SAP Term: inventory revaluation

• Component: SBO

• Component Name: SAP Business One

• Description: A method used to recalculate the average or standard price of items that have been valuated according to the moving average method or standard price method. Inventory revaluation is used by companies running a perpetual inventory system.

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• Key Concepts: 
  Inventory revaluation is a process in SAP Business One (SBO) that allows users to adjust the value of their inventory based on changes in market prices. This process is used to ensure that the inventory values reported in the financial statements are accurate and up-to-date.
  
  How to use it: 
  Inventory revaluation can be done manually or automatically. To manually revalue inventory, users must first select the items they want to revalue and then enter the new value for each item. The system will then update the inventory value accordingly. To automatically revalue inventory, users must set up a periodic revaluation schedule and specify the criteria for when the revaluation should take place. The system will then automatically adjust the inventory values according to the criteria specified.
  
  Tips & Tricks: 
  It is important to regularly review and update inventory values in order to ensure accuracy in financial reporting. Additionally, it is important to keep track of changes in market prices so that inventory values can be adjusted accordingly.
  
  Related Information: 
  For more information on inventory revaluation in SAP Business One, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_BUSINESSONE/9.3/en-US/f8d7f2b7a6c14e8a9f3d2b5f1e4d7c2a.html