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  1. Go to Inventory->Inventory Transactions->Inventory Revaluation in your Modules tab
  2. Select the Revaluation Type you want (See notes below)
  3. Find your item in the Item No. column
  4. Fill out, or review, the data the in the required columns 
  5. Click Add when you are done.

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You can go into your Item Master Data, go to your Inventory Tab and your inventory should now reflect the changes made.

 

Info

Note: You have to two ways to revalue the inventory:

  • Price Change – select to change the cost of the item and calculate the value of the whole inventory according to . The inventory value will be adjusted by the difference in the current cost and the new price you enter.

  • Inventory Debit/Credit – select to revaluate by changing the inventory valuerevalue inventory by a specific dollar amount you enter, which will cause the item cost to change accordingly.

For an in-depth tutorial of journal entries please refer to Training 301 - Production