What is Movement type, valuation Class, General Modifier, Valuation Area?

What is Movement type, valuation Class, General
Modifier, Valuation Area?

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What is Movement type, valuation Class, General Modifier, Valuation Area? ..

Answer / pratik pandey

MOVEMENT TYPE- When you enter a goods movement in the
system, you must enter a movement type to differentiate
between the various goods movements. A movement type is a
three-digit identification key for a goods movement.

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What is Movement type, valuation Class, General Modifier, Valuation Area? ..

Answer / saroj

Movement Type: A movement type is a three-digit code that represents the type of goods movement that is performed in the system. Each movement type is used to update different types of transactions in the inventory and accounting systems. For example, movement type 101 represents a goods receipt, while movement type 261 represents a goods issue.

Valuation Class: A valuation class is a two-digit code that is used to group together materials with similar valuation characteristics. It is used to determine the G/L accounts that are updated during a goods movement, and is also used in the material master to define the valuation class for each material.

General Modifier: A general modifier is a two-character code that is used to provide additional information about a goods movement. It is used to define special processing requirements, such as batch management or quality inspection.

Valuation Area: A valuation area is a unit within an organization that is used to determine the accounting transactions that are performed for each material. It is used to define the company codes and plants that are associated with a particular valuation area.

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