How do I write down the value of a unit?

Summary

This article explains how to write down the value of a unit when, for example, it has been in stock for too long.

More Information

It is good practice to review the value of your unit stock on a regular basis, decide whether they are at the lower of cost and net realisable value and write the values down if necessary.

First, run a unit valuation report and review the units in stock. If there are units that are over-valued, then use the following procedure.

• Go to " Unit Sales Add or Edit Units".
• Find and edit the first unit that you want to write down.
• Go to the [Purchase] tab.
• Move to the "True Value" field.
• Enter the revised value of the unit.
• Click [Done] and accept the change.

Your unit valuation report will now reflect the lower value.

See also

• How do I get a unit valuation?
• What effect does the true value figure have?
• How are unit expenses classified?
• How do I post expenses against a unit?
• Unit expenses explained

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