Valuation class it is used in FI and MM integration. It determines the g/l accounts to be posted automatically (Ex Raw materail or Finised goods).
In material master we specify valuation class: - for valuation class, we assign g/l accounts based on nature of transaction, - at the time of goods receipt/ issue, stores person enters movement type, - our a/c's will be updated automatically based on account assignment to valuation class which is specified in material master.
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What is valuation class?
Valuation class it is used in FI and MM integration. It determines the g/l accounts to be posted automatically (Ex Raw materail or Finised goods).
In material master we specify valuation class:
- for valuation class, we assign g/l accounts based on nature of transaction,
- at the time of goods receipt/ issue, stores person enters movement type,
- our a/c's will be updated automatically based on account assignment to valuation class which is specified in material master.