How to perform Stock Revaluation
The Stock Revaluation function is designed to facilitate accurate inventory cost management by allowing users to recalculate and update the average cost of items in the system. This function is particularly useful when there are discrepancies due to backdated stock entries, manual cost adjustments, or bulk import corrections.
By recalculating the average cost based on the latest stock and purchase data, the Stock Revaluation tool ensures your inventory valuation remains precise and aligned with your actual cost structure—supporting better financial reporting and inventory decision-making.
Module location
- In order to start Stock Revaluation, go to Inventory > Stock Revaluation
- In order to start Stock Revaluation, go to Inventory > Stock Revaluation
Module Function Explanation
- Use Find Item function to add item from item master list:
- Besides Find Item, you can direct scan Code to add item:
- Select the document Type (options are shared with Stock Adjustment):
- Update Issued Date and Time for the Stock Revaluation:
- The stock revaluation will assign new cost as Average Cost from the Issued Date and Time of the document
- Users can perform backdate Stock Revaluation as well. In that case, the average cost will be adjusted starting from the issued date and time.
- In order to review the updated record, users can go to Inventory > Stock Card and search the adjusted item code:
- From the example above, if the Stock Revaluation is completed on 03/07/2025 and updated the item's average cost to from 10.028 to 13. The average cost will be updated to transaction after the date of Stock Revaluation.
- Take note that the Average Cost might not update instantly. It will take a while to update the average cost to the amount from the confirmed Stock Revaluation document.
- User can key in Reason and Remarks for the Stock Revaluation:
- Users can update the verification info as Verified By and Verified Date, the value will be auto filled in when document is confirmed as well:
- Save this stock revaluation to update status:
- The status of Stock Revaluation will depend on action:
- New : New stock revaluation
- Saved : Document is saved and still editable.
- Completed : Document is confirmed and uneditable. After confirmed, backend will update the average cost based on the stock revaluation document.
- The Confirm button is used to complete the Stock Revaluation. After pressed, we will update document status to Completed and document will be uneditable.
- Top left there are buttons for several functions:
- Print : User can use this button to print document. Printing can be customized under System Configuration > Printing and Format > Current Outlet > Customization on Printing Format > Stock Revaluation.
- Settings : User can use this button to customize the listing layout of the document.
- Functions : In this functions list, users can generate the import format to fill in item info and import back to the Stock Revaluation.
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