What is write-up/write-down in SAP SRD-FIN-GL - FIN-General Ledger?

SAP Term: write-up/write-down

• Component: SRD-FIN-GL

• Component Name: FIN-General Ledger

• Description: Manual adjusting posting across subledgers to adjust values and accounts or accounting coding. Examples: Adjustment of revenues, clearing of costs, crediting and debiting materials The journal entry voucher is used to post write-ups/write-downs.

Smart SAP Assistant

• Key Concepts: 
  Write-up/write-down is a term used in SAP's General Ledger (GL) component to refer to the process of increasing or decreasing the value of an asset or liability. This is done by adjusting the book value of the asset or liability to its current market value. 
  
  How to use it: 
  In SAP, write-up/write-down is done by creating a special GL account called a revaluation account. This account is used to record the difference between the book value and the current market value of the asset or liability. The revaluation account is then used to adjust the book value of the asset or liability accordingly. 
  
  Tips & Tricks: 
  When performing a write-up/write-down in SAP, it is important to ensure that all relevant documents are updated accordingly. This includes any financial statements, such as balance sheets and income statements, as well as any other documents related to the asset or liability being adjusted. 
  
  Related Information: 
  Write-up/write-down is a common accounting practice used to ensure that assets and liabilities are accurately reflected on financial statements. It is also used in other areas of accounting, such as inventory valuation and depreciation calculations.