How to revalue assets

What is it for?

Revaluing means showing an asset at the value it has today, instead of its purchase value less depreciation. The product first shows the effect on the balance sheet and, only after you confirm, makes the journal entry.

The revaluation applies to the whole class (the category) of tangible fixed assets: the assets in use in that category are revalued together (NCRF 7). The screen also warns that it is not accepted for tax purposes. Pending validation by a certified accountant: accounting and tax treatment.

When to use it?

• When the company adopts the revaluation model and a valuation shows a different value for a class of assets.
• When you want to see the effect on financial autonomy before deciding.
• Do not use it for intangible assets: the window only handles tangible fixed assets. Do not use it for an asset that lost value for a reason of its own: that is an impairment, recorded separately.

Where to find it?

Accounting › Record › Partners and assets › What is there to do with the assets? › Supporting lists › Revaluations.

An asset's revaluations can also be seen on its form: Accounting › Record › Partners and assets › Fixed assets, What happened tab.

Before you start

• Your profile is Accountant.
• The category has the revaluation surplus account (58x). Set it in Accounting › Configure › Banks and assets › Asset categories, with the Certified accountant profile. The choice of account is the certified accountant's.
• The depreciation of the category's assets is processed up to the revaluation date. See the month-end closing.
• You have the valuation with the new value of each asset.

How to use it

1. Open Revaluations and click Revalue an asset class.
2. In Category, choose the class, for example Transport equipment. In Date, choose the revaluation date, for example 30/09/2026.
3. In Justification, type the reason, for example Avaliação independente de 30/09/2026..
4. Click Load assets. One line appears for each asset in use, with the Carrying Amount.
5. On each line, type the Revalued Amount, for example 21.335,41.
6. Click Calculate. Nothing is posted yet. In Result you see the Total Change, the Total to Surplus (58x) and the Total to Results. In Simulation: impact on equity and ratios you see assets, liabilities, equity, financial autonomy and liabilities over equity, before and after.
7. Click Confirm. The Revaluations list opens, with the new line.
8. On the line, click Propose deferred tax. A draft journal entry opens. Check it with the certified accountant and post it.

Expected result

The list shows the line with the change, the surplus, the journal entry and the Deferred Tax on the Surplus.

In the example, the increase of €1,939.58 generates this journal entry, posted on confirmation:

Account	Debit	Credit
434 Equipamento de transporte	€1,939.58
5811 Antes de imposto sobre o rendimento		€1,939.58

Propose deferred tax generates this journal entry, in draft:

Account	Debit	Credit
5812 Impostos diferidos	€329.73
2742 Passivos por impostos diferidos		€329.73

The deferred tax uses the general Corporate Income Tax (IRC) rate expected for the year in which the difference reverses, not the rate at the revaluation date: 19% in 2026, 18% in 2027 and 17% from 2028 (Corporate Income Tax Code (CIRC), art. 87, and Law (Lei) 64/2025). In the example, the expected reversal is 31/12/2029, so 17%. With no date on the asset, the product uses the end of depreciation. You can see them in the optional columns Expected Reversal and IRC Rate (%). The rate does not include the municipal or state surcharge (derrama).

Pending validation by a certified accountant: the rate without surcharges, and the accounts in the example (5811 is for revaluations under legal statute; for a free valuation, the accountant may prefer 5891, with the deferred tax in 5892 Impostos diferidos).

Important notes

• The simulation counts what is posted up to the date. Deferred tax is not included in these ratios.
• The deferred tax stays in draft until someone posts it. It is not released automatically when the surplus is used or the asset is scrapped: that journal entry is made by hand.
• Once proposed, the line shows Update deferred tax instead of Propose deferred tax. Pending on-screen validation: the button was seen, but not used.
• To see what was revalued, open Accounting › Record › What is there to do with the assets? and click Revaluation Map. You can also use this list or the asset's form.

Common problems

“Process the accounting periods of "Telemóveis da equipa comercial" up to 04/11/2026 before the revaluation: the carrying amount depends on them.” The depreciation of the asset named is missing. Process it in Accounting › Close › Month accounting › Monthly depreciation, or choose a date up to which it is already processed.

“A categoria "Equipamento de transporte" precisa de conta de excedente de revalorização (58x) antes de a revalorização ser lançada. …” (the category needs a revaluation surplus account (58x) before the revaluation can be posted). It appears when you click Confirm, and the screen already warns you at Calculate. Ask the Certified accountant to set the account in Asset categories.

“Some required fields are empty. Fill in the fields marked in red to be able to save.” It appears at Load assets when the Justification is missing. Type it and click again.