According to Slovenian Accounting Standards 2002, the here described inventory revaluation is not in use anymore!
	Before starting the inventory revaluation calculation, firs make sure that there is no negative stock on the warehouse card in the year for which the revaluation is being calculated. In opposite case the calculation will not be correct.
	It is suggested that you run the procedure of refreshed calculation of average prices before the revaluation of stock (see Refresh stock )!
	After the document for revaluation of stock has been created, MANDATORY complete the material period on last day of the fiscal year (see Parameters - Goods - Basic data ).

The companies that control the inventory by average price, have to revaluate the stock at the end of the year.

The stock is revaluated by two criteria:

• items that had the purchase in last three months are revaluated on last purchase price,
• items that did not have the purchase in last three months are being revaluated with revaluation index (factor).

Revaluation is created with a special document of receiving in the material records in which you record every item with amount 0, which is the difference between:

• warehouse value on day when the revaluation is being made and
• value acquired on basis of one of previously stated criteria.

Presentation:

The value of stock revaluation = stock on day of revaluation * (revaluated price - price for valuation on day of revaluation)

Document types	Check the types of documents of purchase, which the program will consider with the search for the last purchase price (record types of documents are not on the list).
Item	The report can be limited to a certain ID of the item.
Category	The report can be limited to a certain category of items.
Start date	Starting date of the period, from and including which the revaluation of stock is being calculated. This is the fist day of the fiscal year.
Limit date	Enter the date UNTIL and including which the stock is revalued with the use of coefficient. This is the last day of the third quarter(of the year). The items which have been purchased AFTER that date are revaluated with the use of last purchase price.
Final date	Final date of the period, until which the revaluation of stock is being calculated. This is the last day of the fiscal year.
	The starting date, limit date and final date is the mandatory data for the calculation. If any of the se data is not being entered, the program will respond with an error note (see Starting, limit and final date have to be entered!).
Item types	Check the types of items, for which the revaluation has been calculated. By default the  items of types S and U are excluded.
Warehouses	Check the warehouses on which the revaluation should take place. Revaluation is usually calculated for all relevant warehouses at once, because the revaluations by individual warehouses do not give same results! Revaluation of stock is usually not needed on the customs warehouse!
Creating the goods movements	Select: type of document of internal receiving. It has to be marked with the possibility of value posting, entering of the purchase price should be "Price entry" (predefined 1R0 - Revaluation of stock ). date for the document of receiving (usually on December 31. of the year you are closing) clerk, who will be signed on the document of receiving.

Panel for entry of factors

Enter the cumulative revaluation coefficient in this panel from the beginning of the year until individual months as published by the Statistical Office of the Republic of Slovenia and the first day of the month, for which it is valid.

Date	First day of the month, for which the revaluation coefficient is being valid.
Factor	Coefficient for revaluation in this month. Enter the cumulative revaluation coefficients from the beginning of the year to individual months as published by the Statistical Office of the Republic of Slovenia.
	Clicking this button triggers the calculation and display of calculation results of the stock revaluation according to previously entered criteria.
Create	With the click on the button you create the document of receiving in the selected type of document. As already said, it should be defined in a way, to allow for the value postings and should be of type "Price entry". For this is the predefined type of document 1R0 - Revaluation of stock .

It is suggested to run the renewed calculation of the average prices with the limit of date to day before the revaluation, after the revaluation has been made already!   If the revaluation of stock has been calculated for example on December 31, 1999, run the renewed calculation of average prices for new fiscal year and new purchase with the "Date from" January 1, 2000.

For general description of the task bar functions see Task Bar.

 

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