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DACR_CFMENUOLMWOMSK - Define Account Category Reference

DACR_CFMENUOLMWOMSK - Define Account Category Reference

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Short text

Define Account Category Reference

Use

You can define account category reference. Account category reference is used to link the valuation classes and material types.

Example

  • You must have defined your material types.
  • You must have defined the chart of accounts.
  • You must have agreed with Financial Accounting which materials are assigned to which accounts.

In the standard system, an account category reference is created for each material type. The account category reference is, in turn, assigned to precisely one valuation class. This means that each material type has its own valuation class.

We recommend that you create the account groups of your chart of accounts as an account category reference.

Example GKR:

  • 3000 for raw materials
  • 3030 for accessory materials
  • 7900 for finished products
  • and so on
  1. Create account category references
  2. Save your entries.





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