Fixed Assets - Asset Valuations - Initial Valuation

Asset registration is achieved when an Asset record has been completed. The Asset does not become active until a valuation record has been produced.

This screen allows the user to insert and subsequently view initial valuations for an asset. A valuation must exist in each book to which it is to contribute value. The first valuation in a book must be an initial valuation.

Depreciation will be charged periodically for all assets which have historical valuations and optionally for those which have valuations in user books. The depreciation charged will be updated on the latest valuation.

NOTE Initial Valuations will usually be made manually, however initial valuations may be created automatically in the following situations
- Auto create user book initial valuations on creation of a historic initial valuation for an asset.
- Auto create initial valuations in historic and user books on transfer of an asset.

NOTE The menu path shown is the default for the system. Your company may have customised menu options, so the path shown may not be accurate. Please contact your system administrator for details.