Important: Before using Assets in Spider - please backup in back office files 131-141
Path: Spider > Financial > Asset Management > Asset Register
An Asset can be re-valued to either:
- Increase the Value
- Decrease the Value
Step 1 Increasing the Value of an asset
In this example we are going to increase the assets value current value written down value is $1974.08 we wish to increase by another $5000.00
Select the asset to adjust
Then select the 
Depreciation icon
| 1. | [Current Re Valuation] Enter the amount of $5000.00 |
| 2. | [Save] |
Step 2 Calculate your depreciation
The amount will appear under Re-Evaluation as per example:
When you Finalise your depreciation this will impact the asset as you have previous set up under Ledger Codes - example:
The journal it has created is as follows and needs to be finalised:
965 - Reduce the Profit and Loss Account
5400 - Negative amount will increase the Accumulated Depreciation
| 1. |
[Depreciation YTD] - |
Increase by the amount if a positive applied |
| 2. | [Depreciation Total] | Increase by the amount if a positive is applied |
| 3. | [current Re- Valuation] will be 0 & [Profit on Re-Valuation] | Will show the positive amount |
| 4. | [Written Down] | Increase by the amount if a negative is applied |
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