Maintaining Valuations in the Asset Management Workspace

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In the Asset Management Workspace, the Valuations tab tracks valuations. Valuations are organized by Type of Valuation. You can define multiple valuations, but only one Valuation for each Type can be selected for calculations and reporting. 

The Valuations tab lists valuations maintained in Real Estate Manager. The Selected Valuations sections shows Valuations active in the system and used in calculations. The Valuation History section lists all Valuations added in the system. Valuations that are not selected are dimmed. Any Valuation in the Valuations History section can be selected.

Adding a Valuation

1. From the Top NavBar, select Management and then Assets. 

2. In the Action Panel, click the Expand Tree icon to display the Asset you want to view.

3. Select the Asset. The Summary tab for the Asset displays.

4. Click on the Valuations tab.

   
   

5. Click Add Valuation.

6. Click the Valuation Date field or click the Calendar icon to display the calendar and select the appropriate date.

   
   

7. Enter identifying information in the Valuation Reference No. field.

8. From the Valuation Currency drop-down, select the currency the Valuation uses.

9. Enter the Entity or person who valued the Asset in the Performed By field.

10. From the Valuation Type drop-down, select the Valuation Type.

11. To add a new Valuation Type, enter the name in the Valuation Type field and click the Add and select? link.

12. To define date the Valuation was made, click the As At field or the Calendar icon to display the calendar and select the appropriate date.

13. Enter the Valuation in the Value field.

    Note: Do not use commas in monetary values.

14. In the Notes field, enter additional information.

15. From the Basis of Valuation drop-down, select the foundation for the Valuation.

16. To add a new Basis for Valuation, enter the name in the Basis for Valuation field and click the Add and select? link.

17. When you add a new Valuation, the Is Selected checkbox is automatically checked and will record the new Valuation to be used for calculations within they system. If you do not want to use the Valuation you are adding for calculations, click to uncheck the Is Selected checkbox.

18. Click Okay. The Valuation displays on the Valuation tab.

Selecting a Valuation

You can select one Valuation for each Valuation Type. When you add a new Valuation, it is automatically used as the Selected Valuation unless you uncheck the Is Selected checkbox. You can select any other Valuation listed in the Valuation History at any time.

1. From the Top NavBar, select Management and then Assets. 

2. In the Action Panel, click the Expand Tree icon to display the Asset you want to view.

3. Select the Asset. The Summary tab for the Asset displays.

4. Click on the Valuations tab.

   Note: The selected Valuation is listed under Selected Valuations. All other Valuations available are listed under Valuation History and may be selected.

   
   

5. To select a Valuation, in the Valuation History section, click Select. The Valuation will display in the Selected Valuations section.

6. To move and remove a Valuation from the Selected Valuations section, click Unselect. The Valuation will display in the Valuation History section.

Editing a Valuation

You can only edit Valuations that are not Selected Valuations. To edit, the Valuation must be in the Valuations History section on the Valuation tab.

1. From the Top NavBar, select Management and then Assets. 

2. In the Action Panel, click the Expand Tree icon to display the Asset you want to view.

3. Select the Asset. The Summary tab for the Asset displays.

4. Click on the Valuations tab.

   
   

5. In the Valuations History section, click Edit for the Valuation you want to edit.

   
   

6. Change any field as necessary.

7. Click Okay to save changes to the Valuation.

Deleting a Valuation

You can delete any Valuation listed in the Valuations History section. You can delete a Valuation listed in the Selected Valuations section by moving it to the Valuations History section. 

1. From the Top NavBar, select Management and then Assets. 

2. In the Action Panel, click the Expand Tree icon to display the Asset you want to view.

3. Select the Asset. The Summary tab for the Asset displays.

4. Click on the Valuations tab.

   
   

5. In the Valuations History section, click Remove for the Valuation you want to delete.

   
   

6. Click Okay in the Remove Valuation confirmation pop-up. The Valuation is deleted.