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 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 'increased' amount of $5000.00 |
2. | [Save] |
Step 2 Calculate your depreciation
The amount will appear under Re-Evaluation as per example:

** PLEASE CHECK which code you want your revaluation variance to hit. If this is an increase in the assets value, then you will need to ensure that the code you are using is a Balance Sheet revaluation code, not a P&L code.
An increase in the Assets value, should see a DR to the asset code and a CR to the Balance Sheet Revaluation code. Any losses will be offset against the revaluation code, unless it zeros out, then additional losses will hit the P&L.
By default, when you Finalise your depreciation the codes listed below is how the journal will produce to impact the Ledger Codes - example:
Before finalising the journal that has been automatically created, based on above, ensure that it flows to the correct General Ledger codes, as per revaluation requirements:
The above ledger examples reflects as it would for a sale, using a P&L Code, please be mindful of the codes you wish to use: BS Revaluation code (Cr), Asset Code (Dr). If it is a decreased value, then the journal would need to be considered Asset Code (Cr), BS Revaluation code or P&L (Dr) depending on the balance held in BS Revaluation account.
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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