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

SAP Term: revaluation method

• Component: SBO

• Component Name: SAP Business One

• Description: A procedure or means of fixing a new value on assets, such as revaluation according to the national or a foreign currency.

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• Key Concepts: 
  Revaluation method is a feature in SAP Business One (SBO) that allows users to adjust the value of their inventory items. This is done by calculating the difference between the current market value and the original cost of the item. The revaluation method can be used to adjust the value of inventory items in order to reflect their current market value.
  
  How to use it: 
  In order to use the revaluation method, users must first select the inventory items they wish to adjust. Once selected, users can enter the new market value for each item and then click “Save”. The system will then calculate the difference between the original cost and the new market value and adjust the inventory item accordingly. 
  
  Tips & Tricks: 
  It is important to note that when using the revaluation method, users should only adjust items that have a significant difference between their original cost and current market value. This will ensure that any adjustments made are accurate and reflect the true market value of the item. 
  
  Related Information: 
  For more information on how to use the revaluation method in SAP Business One, please refer to SAP’s official documentation on revaluation methods. Additionally, users can also contact their SAP Business One support team for further assistance.