What is revaluation in SAP SBO - SAP Business One?

SAP Term: revaluation

• Component: SBO

• Component Name: SAP Business One

• Description: An increase or decrease in the book value of an asset in order to reflect the current fair market value of the asset.

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• Key Concepts: 
  Revaluation is a feature in SAP Business One (SBO) that allows users to adjust the value of their inventory items. This is done by changing the currency exchange rate of the item, which can be used to reflect changes in the market or to adjust for inflation. The revaluation process can be done manually or automatically, depending on the user's preference. 
  
  How to use it: 
  To use revaluation in SBO, users must first set up a revaluation account in their chart of accounts. This account will be used to record any changes in the value of inventory items due to revaluation. Once this is done, users can then manually or automatically adjust the currency exchange rate of their inventory items. 
  
  Tips & Tricks: 
  When manually adjusting the currency exchange rate of an inventory item, it is important to remember that the new rate should reflect the current market rate. Additionally, it is important to keep track of any changes made to ensure that all adjustments are properly accounted for. 
  
  Related Information: 
  For more information on revaluation in SBO, please refer to the official SAP Business One documentation. Additionally, there are many online resources available that provide detailed instructions on how to use this feature.