Mass devaluation for Item

sabzam

Hi Everybody,

I have got a client which devalues the proper stock after 1 year. This can be done through the revaluation journal but considering the large amounts of stock it would be extremely complicated. Is there some method to apply this?

Alex_Chow

Write a process to negative adjust all of your inventory, then positive adjust it back with the new value.

sabzam

I was actually asking whether there is something out of the box. IF i had to develop it I would rather mimick the revaluation journal process.

Alex_Chow

The out of the box solution is the Revaluation Journal.

Perhaps you can help us by explaining why the revaluation journal is so complicated.

David_Singleton

Alex Chow wrote:

The out of the box solution is the Revaluation Journal.

Perhaps you can help us by explaining why the revaluation journal is so complicated.

I have a client that very similar. Stock is revalued according to its age at the close of a financial year. They have just under 60,000 Items. I think they can explain why a revaluation journal is so complicated.

Alex_Chow

David Singleton wrote:

Alex Chow wrote:

The out of the box solution is the Revaluation Journal.

Perhaps you can help us by explaining why the revaluation journal is so complicated.

I have a client that very similar. Stock is revalued according to its age at the close of a financial year. They have just under 60,000 Items. I think they can explain why a revaluation journal is so complicated.

I still don't understand, what's so complicated? Out of the box, you enter that crap by hand.

If they want an efficient way of entering that or calculating based on a formula, write a quick function.

sabzam

Having to insert thousands of stock and then working out the revaluation amount is no joke. Imagine depreciating all fixed assets in a company having thousands of fixed assets. It's the same case scenario.

Anyway thanks for your replies.

Alex_Chow

sabzam wrote:

Having to insert thousands of stock and then working out the revaluation amount is no joke. Imagine depreciating all fixed assets in a company having thousands of fixed assets. It's the same case scenario.

Anyway thanks for your replies.

I still don't understand where the "complicated" part of the process is.

It's tedious, but not complicated.