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Valuation Grouping Code and Account Grouping Code

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Valuation Grouping Code and Account Grouping Code
Stechies

Hello Experts,

I want to know that,  

1> What  is Valuation Grouping Code?    

&

2> What is Account Grouping Code? 


Comments

  • 09 Sep 2013 5:59 am Helpful Answer

    Valuation grouping code :  Group of valuation areas to facilitate the administration of the table of standard accounts by minimizing the number of entries. It is used mainly in automatic account determination process (OBYC) for Posting purposes.