Revalue stock

Use Revalue stock to show an increase or a decrease in the market value of a stock item.

A stock item can have several different buying prices assigned to it, as buying prices can vary between purchases. Sage 200 creates an average buying price for the stock item. This is displayed when you choose to revalue an item.

You can revalue any stock items that use the average or FIFOFirst In First Out (FIFO) is an assumption that enables the cost of stock to be calculated. When sales are made the items sold are assumed to be the earliest purchased, so the cost of items in stock always reflect the most recent purchases. costing methods.

You cannot revalue stock items that use standard or actual costing methods. You cannot revalue phantom BOM built items.

The stock level and the new buying price must be greater than zero.

When you specify a new price, the stock item is revalued as follows:

• The entire holding of the stock item is assigned the new buying price.

• The average cost of the stock item is set to the new buying price.

• The buying history of the item is cleared.

  You can still view individual receipts but you can no longer see the multiple buying prices.

• The difference in the value of the stock is posted to the following two nominal accounts: the default stock nominal account for the item, and the Revaluation nominal account that you have specified. The transaction date is the current system date on your PC.