Can anyone explain the following:
-
What is the use valuation classes?
-
How are materials posting to GL, if it is through valuation classes then how we can create and link valuation class with GL account?
Read here at SAP FICO Forum to Get Answer for More Questions like the above mentioned.
You group together different materials with similar properties into valuation classes so that you do not have to manage a separate stock account for every material.
The following table contains examples of possible valuation classes:
Which valuation class a material can be assigned to depends on the material type. You can define the following assignments in Customizing:
A material is assigned to a valuation class in the material master record. The system checks whether the material type allows the material to be assigned to the valuation class specified.
The system refers to the valuation class of a material to determine which stock account to post to when a posting is made for this material.