The valuation of your stock is set either by the purchase price, or by the amount you can sell the stock for, whichever is lower.

In some cases you may not be able to sell items for more than the price you paid for them. This could be because demand for a particular piece of equipment or item has dropped or they have been damaged. In this instance you should revalue these items so that your accounting is as accurate as possible.

To revalue your stock items, please click on the revaluation button next to the relevant item in your tracked tab:

Now you can enter the date of the revaluation, the number of items you are revaluing and the new unit value of the items you have left in stock.

The difference will be adjusted from your stock value in the ‘Stock Revaluations’ category and the new value of the item will now show in the tracked items list.

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