# Asset Revaluation

This guide provides step-by-step instructions on how to revalue assets using the NexWaveERP platform. It is useful for individuals who need to accurately update the value of their assets and generate journal entries for accounting purposes.

## Step 1: Navigate to the Asset Homepage

 ![Step 1](https://docs.nexwaveapp.com/api/files.get?sig=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJrZXkiOiJ1cGxvYWRzL2YxMTg5ZTEzLTdlMTQtNDA1ZC04MDI1LWMxZmI0Y2Y2MTg0ZC83NmRmN2FjYi1hOTI2LTRhYTYtYjUyMy1jM2ViYTk0YjJjMjAvYXNjcmVlbnNob3QtOGE1NTIyOGIuanBlZyIsInR5cGUiOiJhdHRhY2htZW50IiwiaWF0IjoxNzkyNjIwOTAwLCJleHAiOjE3OTI3MDczMDB9.xux9p9gWwBRVixMLelIz4F4IhlVzvAA2boxW1JzbTsA)

## Step 2: Click "Asset"

 ![Step 2](https://docs.nexwaveapp.com/api/files.get?sig=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJrZXkiOiJ1cGxvYWRzL2YxMTg5ZTEzLTdlMTQtNDA1ZC04MDI1LWMxZmI0Y2Y2MTg0ZC8xMGFkOTRhYS01OWMzLTQ5ZDYtYjJjNC01OWRhYTI0NzZmZjMvYXNjcmVlbnNob3QtOGYzMWFjYzAuanBlZyIsInR5cGUiOiJhdHRhY2htZW50IiwiaWF0IjoxNzkyNjIwOTAwLCJleHAiOjE3OTI3MDczMDB9.PEUn7rmlwNNcMGWV7i761dcFqd3JP9P8vXSxN8FSTok)

## Step 3: Open the Asset you wish to Revalue

 ![Step 3](https://docs.nexwaveapp.com/api/files.get?sig=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJrZXkiOiJ1cGxvYWRzL2YxMTg5ZTEzLTdlMTQtNDA1ZC04MDI1LWMxZmI0Y2Y2MTg0ZC8wODhiYmZkNy05MDRiLTQ2MTQtOWVhYi0zN2NkYTZjZDc2NGQvYXNjcmVlbnNob3QtYWU0Nzk2MDYuanBlZyIsInR5cGUiOiJhdHRhY2htZW50IiwiaWF0IjoxNzkyNjIwOTAwLCJleHAiOjE3OTI3MDczMDB9.w9rN8N1FuhHEc13m99yHddKTZvA-3WrEsWzwBWPdylI)

## Step 4: Note the transaction options in the Connections areas

 ![Step 4](https://docs.nexwaveapp.com/api/files.get?sig=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJrZXkiOiJ1cGxvYWRzL2YxMTg5ZTEzLTdlMTQtNDA1ZC04MDI1LWMxZmI0Y2Y2MTg0ZC8yNTZkZTcxOC04ZWFjLTQwNWQtOWExNy1iOTQxMmY0YjIyY2IvYXNjcmVlbnNob3QtY2JkM2YwOGYuanBlZyIsInR5cGUiOiJhdHRhY2htZW50IiwiaWF0IjoxNzkyNjIwOTAwLCJleHAiOjE3OTI3MDczMDB9.IdMd6NEmv2QuwJy6xDOMYEtvGFN7ZBRh4ux0JaCCKz0)

## Step 5: Select the Asset Value Adjustment

 ![Step 5](https://docs.nexwaveapp.com/api/files.get?sig=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJrZXkiOiJ1cGxvYWRzL2YxMTg5ZTEzLTdlMTQtNDA1ZC04MDI1LWMxZmI0Y2Y2MTg0ZC9lOWNlZGQ0MS00ZmEyLTRkZjAtYWFiNC04MDE0YzgzODA1MDgvYXNjcmVlbnNob3QtNzJhY2Q5MTMuanBlZyIsInR5cGUiOiJhdHRhY2htZW50IiwiaWF0IjoxNzkyNjIwOTAwLCJleHAiOjE3OTI3MDczMDB9.t3yuq3IvP8jPnnP1QXhsr4l4wb1WJQ_Mh4hBGkLJsuI)

## Step 6: Enter the date of the revaluation

 ![Step 6](https://docs.nexwaveapp.com/api/files.get?sig=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJrZXkiOiJ1cGxvYWRzL2YxMTg5ZTEzLTdlMTQtNDA1ZC04MDI1LWMxZmI0Y2Y2MTg0ZC9lNmQ1YTczZi05NTEzLTQxZTktODVhMC0yZWRiNTYxYzZhM2QvYXNjcmVlbnNob3QtNzVlMDQ5NTAuanBlZyIsInR5cGUiOiJhdHRhY2htZW50IiwiaWF0IjoxNzkyNjIwOTAwLCJleHAiOjE3OTI3MDczMDB9.x-9Y-Px8abkJNSSOITIJYMK3DbspcfVt0-GCSQwUQQk)

## Step 7: Click "Edit Full Form" to see the full details

 ![Step 7](https://docs.nexwaveapp.com/api/files.get?sig=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJrZXkiOiJ1cGxvYWRzL2YxMTg5ZTEzLTdlMTQtNDA1ZC04MDI1LWMxZmI0Y2Y2MTg0ZC85Y2UzODdlNC0zZGRiLTQxM2UtOWFkNi1lZGZiODE5OWRjNTAvYXNjcmVlbnNob3QtM2IyMzljODQuanBlZyIsInR5cGUiOiJhdHRhY2htZW50IiwiaWF0IjoxNzkyNjIwOTAwLCJleHAiOjE3OTI3MDczMDB9.o9G1yPe8YN_MOfx3RRJWuvPIoVcciP9pU4EJX2TOkjQ)

## Step 8: Enter the New Asset Value

 ![Step 8](https://docs.nexwaveapp.com/api/files.get?sig=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJrZXkiOiJ1cGxvYWRzL2YxMTg5ZTEzLTdlMTQtNDA1ZC04MDI1LWMxZmI0Y2Y2MTg0ZC83MzBmMGVlOS05NWRlLTQ2YTUtYjE4NS1kOTc5ZDYyNWY2ZDYvYXNjcmVlbnNob3QtNDZiNmJlOTQuanBlZyIsInR5cGUiOiJhdHRhY2htZW50IiwiaWF0IjoxNzkyNjIwOTAwLCJleHAiOjE3OTI3MDczMDB9.9xVQfhmuMwjlMdtCOReWGW6vOOPRO7_cnGWNjvBAxbM)

## Step 9: Click "Save"

 ![Step 9](https://docs.nexwaveapp.com/api/files.get?sig=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJrZXkiOiJ1cGxvYWRzL2YxMTg5ZTEzLTdlMTQtNDA1ZC04MDI1LWMxZmI0Y2Y2MTg0ZC80ZGQwOGQ2My1iNTExLTRiZjUtYTg3My05MWY3NzdmNjJjZWYvYXNjcmVlbnNob3QtYWFhOTI0MGMuanBlZyIsInR5cGUiOiJhdHRhY2htZW50IiwiaWF0IjoxNzkyNjIwOTAwLCJleHAiOjE3OTI3MDczMDB9.rldSjPbffVx7x-Y8RMPXU4bk7I9bnVeNEd1zg73sFN0)

## Step 10: Click "Submit" to process the adjustment

Click "Submit" to process the adjustment. Note the difference Amount

 ![Step 10](https://docs.nexwaveapp.com/api/files.get?sig=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJrZXkiOiJ1cGxvYWRzL2YxMTg5ZTEzLTdlMTQtNDA1ZC04MDI1LWMxZmI0Y2Y2MTg0ZC9mM2ZhYWU2OS05ZGE1LTQyYTgtOGJkYS02OWYyZjE4ZjY3NjcvYXNjcmVlbnNob3QtMWEzODI4ZTkuanBlZyIsInR5cGUiOiJhdHRhY2htZW50IiwiaWF0IjoxNzkyNjIwOTAwLCJleHAiOjE3OTI3MDczMDB9.hDRSZeYWu6j0LHbmpJ1Xps-C8DWyGxEnjo-h-5xr6Ks)

## Step 11: Click "Yes" to book the record

 ![Step 11](https://docs.nexwaveapp.com/api/files.get?sig=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJrZXkiOiJ1cGxvYWRzL2YxMTg5ZTEzLTdlMTQtNDA1ZC04MDI1LWMxZmI0Y2Y2MTg0ZC82MDhjOGZkYS1lNDU5LTQwZjYtYTIwYi1hODBlOWY0ZWQ4NTIvYXNjcmVlbnNob3QtYjY4ZWI3NTAuanBlZyIsInR5cGUiOiJhdHRhY2htZW50IiwiaWF0IjoxNzkyNjIwOTAwLCJleHAiOjE3OTI3MDczMDB9.aDOgRRit4i4acNlcloI3RsvkHT4k9YQbmHETOzVGbw0)

## Step 12: Click on the Asset record

 ![Step 12](https://docs.nexwaveapp.com/api/files.get?sig=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJrZXkiOiJ1cGxvYWRzL2YxMTg5ZTEzLTdlMTQtNDA1ZC04MDI1LWMxZmI0Y2Y2MTg0ZC84MGU1YzdkNS04YzBiLTRiYzQtYWFmYi1hYTQ0YzY1MTJiZjQvYXNjcmVlbnNob3QtNzE1OGQ1YTYuanBlZyIsInR5cGUiOiJhdHRhY2htZW50IiwiaWF0IjoxNzkyNjIwOTAwLCJleHAiOjE3OTI3MDczMDB9.UndQ7oqRZW1JfG-0bncfBZeEWU1lHwQL0I012pTesUM)

## Step 13: Note the Value Adjustment record is created but also the associated Journal…

Note the Value Adjustment record is created but also the associated Journal has been posted

 ![Step 13](https://docs.nexwaveapp.com/api/files.get?sig=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJrZXkiOiJ1cGxvYWRzL2YxMTg5ZTEzLTdlMTQtNDA1ZC04MDI1LWMxZmI0Y2Y2MTg0ZC9jNmFhNTczNC1kZTYxLTQ0Y2ItYjE4Yy00NDhmZTVmZTMzNjMvYXNjcmVlbnNob3QtMTdmNTJmNGUuanBlZyIsInR5cGUiOiJhdHRhY2htZW50IiwiaWF0IjoxNzkyNjIwOTAwLCJleHAiOjE3OTI3MDczMDB9.RjoXoyDhXjivkPfdq4cfrcSoinRJXRI9DUwz7qpZZCo)

## Step 14: Click "Journal Entry" to review the entry

 ![Step 14](https://docs.nexwaveapp.com/api/files.get?sig=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJrZXkiOiJ1cGxvYWRzL2YxMTg5ZTEzLTdlMTQtNDA1ZC04MDI1LWMxZmI0Y2Y2MTg0ZC8wMjZjYzA3NS1hN2Q5LTQ5MDItOWNmMC04OWYyZTA5ODNjNjMvYXNjcmVlbnNob3QtYzNkZWJhMGIuanBlZyIsInR5cGUiOiJhdHRhY2htZW50IiwiaWF0IjoxNzkyNjIwOTAwLCJleHAiOjE3OTI3MDczMDB9.vrrxyuHW002twCO_VGqobCuf6EIwOpedFAVoC0_pQnk)

## Step 15: Open the Journal

 ![Step 15](https://docs.nexwaveapp.com/api/files.get?sig=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJrZXkiOiJ1cGxvYWRzL2YxMTg5ZTEzLTdlMTQtNDA1ZC04MDI1LWMxZmI0Y2Y2MTg0ZC85YzAwNjhhYi0zMzQ4LTRhODUtOWVjZi0xNWY0NDMzMmU2ZGUvYXNjcmVlbnNob3QtMjE0OWIwMDkuanBlZyIsInR5cGUiOiJhdHRhY2htZW50IiwiaWF0IjoxNzkyNjIwOTAwLCJleHAiOjE3OTI3MDczMDB9.g94RdSQAIh2fy00Y-EFF1sou9xUaY5NNk6-C8Xw_494)

## Step 16: Note the accounting distribution for the Value Adjustment

 ![Step 16](https://docs.nexwaveapp.com/api/files.get?sig=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJrZXkiOiJ1cGxvYWRzL2YxMTg5ZTEzLTdlMTQtNDA1ZC04MDI1LWMxZmI0Y2Y2MTg0ZC9mNjJmZGMwMS01Yzg4LTRhMTktODcyYy1iZDhmOTBmNmVkMjUvYXNjcmVlbnNob3QtOWU3N2Q1ZjMuanBlZyIsInR5cGUiOiJhdHRhY2htZW50IiwiaWF0IjoxNzkyNjIwOTAwLCJleHAiOjE3OTI3MDczMDB9.NRLxVQoT8FuCv3aSjZUXkYodZ4IhPo4BA4ygxPGWukk)