What is the purpose of account category reference in SAP MM?

What is the purpose of account category reference in SAP MM?

The account category reference (ACR) is an artificial code of four characters which allows flexibility in linking material type with valuation class.

What is valuation class in material master sap?

Define Valuation Classes: The Valuation class is a group of material with the same G/L account. – When you create a material master record, you must assign the material to a valuation class. The valuation class is assigned to a material at the plant level. The account category reference is assigned to a material type.

What is the purpose of valuation class in SAP MM?

A valuation class is used to determine the general ledger account for the materials stock account. In automatic account determination, valuation classes must be created and then assigned to material types.

How do you assign a valuation class to a material in SAP?

Automatic Account Determination for without material master.

1. Step 1: Create Material Group.
2. Step 2: Create Valuation Class.
3. Step 3: Assign valuation Class to Material Group.
4. Step 4:Assign General Modification to Account Assignment.
5. Step 5: Maintain G/L against Valuation Class.

What establishes the relationship between a valuation class and material type?

Account category reference is the link between Valuation Class & Material Type.

What is valuation type in SAP MM?

The valuation type identifies split-valuated stocks of material.The valuation category indicates the. criteria for defining partial stock. The valuation class enables assignment to accounts on a basis specific to the material type and material. You can define the valuation class in T.code: OMSK.

What can be the relationship between valuation class and material type?

Account category reference is the link between Valuation Class & Material Type. Multiple Valuation classes can be assigned to One Account category reference and same account category reference can be assigned to sigle or many Material types. So many valuation classes can be assigned to single material type.

What is valuation class and valuation type in SAP?

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.

What is material valuation class?

The valuation class is a key for grouping materials that have the same account determination. If different accounts are to be posted according to valuation class in a transaction, the account determination for this transaction is to be set as dependent on the valuation class.

What is account category reference in SAP?

Account category reference is the link between the valuation classes and the material types. The account category reference is a combination of valuation classes. Precisely one account category reference is assigned to a material type.

What is the valuation class?

Define Valuation Classes Valuation class categorizes the G/L account on the basis of material type. For example, raw material will have different G/L account than the finished material, as the costs will be different in both the cases. Account reference is also maintained along with the valuation class.

What is account assignment category in SAP?

Account Assignment Category. The account assignment category determines: The nature of the account assignment (cost center, sales order, and so on) Which accounts are to be charged when the incoming invoice or goods receipt is posted.

What is the difference between valuation class and account category reference?

In reality, the valuation class is linked to an account category reference and account category reference linked to material type. In other term account category reference is used to simplify the assignment of permitted valuation class/valuation classes to the material type/ material types.

What is the use of valuation class in SAP mm?

What is the use of valuation class in SAP MM? Valuation class categorizes the G/L account on the basis of material type. For example, raw material will have different G/L account than the finished material, as the costs will be different in both the cases. Account reference is also maintained along with the valuation class.

What is the link between the valuation class and material type?

– The link between the valuation class and the material type is the account category reference. The account category reference is assigned to a material type. – The G/L account determined for the material is carried out according to the settings for its valuation class.

What is the role of account category reference in material Master?

Essential regard to account category reference (which is very much responsible of having valuation class in material master), play grandparent role by being silent friend for success to automatic account determination process.