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SIMG_CFMENUOLMWOMSK - Define Valuation Classes

SIMG_CFMENUOLMWOMSK - Define Valuation Classes

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Short text

Define valuation class for products and configure related attributes

Use

You can define which valuation classes are allowed for a material type.

If a user creates a material, he must enter the material's valuation class in the accounting data. The system uses your default settings to check whether the valuation class is allowed for the material type.

The valuation class is a group of materials with the same account determination. If a transaction is to be posted to different accounts depending on the valuation class, create an account determination for each valuation class in the step Create automatic postings.

The valuation classes allowed depend on the material type. Several valuation classes are generally allowed for one material type. A valuation class can also be allowed for several material types.

The link between the valuation classes and the material types is set up via the account category reference.

The account category reference is a combination of valuation classes. Precisely one account category reference is assigned to a material type.

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 under account category reference
  2. Under valuation class, define the valuation classes for each account category reference.
  3. Under Material type/account category reference, assign an account category reference to each material type.





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