Articles tagged #REVALUATION
Articles tagged
#REVALUATION
Asset Revaluation Error: INVALID_DATA: Depreciation Rules must be specified
The User encountered an error when processing Asset Revaluation. Error: INVALID_DATA: Depreciation Rules must be specified.
Review Inventory Cost Accounting
When closing a period, you must run the costing accounting process for the period close. To complete this task, ensure that there are no costing items to be corrected and that inventory costing calculations are not already currently running.
Inventory Cost Revaluation Has GL Impact To Inventory Account
An Inventory Cost Revaluation sets the standard cost of an item. This process identifies which cost and cost category will be used on transactions for this item as of the effective date. After the revaluation is performed, transactions entered use the newly established standard cost for items.
Revaluation Record Details
The following information is available in the Details subtab for each unrealized gain/loss currency revaluation transaction atTransactions > Financial > Revalue Open Currency Balances > List ( Administrator ). You can also view this information fromTransactions > Financial > Revalue Open Currency Balances ( Administrator )after you run revaluation for a period. Click View in the Results column to view the information from last time revaluation was run for an account.
Currency Revaluation Transactions
Currency revaluation is a system-generated transaction that records the impact to base currency valuation due to exchange rate fluctuations. NetSuite generates several types of currency revaluation transactions. The type is displayed in parentheses at the top of the transaction record.