What is OKTMO code in SAP FI - Financial Accounting?

SAP Term: OKTMO code

• Component: FI

• Component Name: Financial Accounting

• Description: A classification of Russian municipal entities for statistical and statutory reporting purposes. The first two digits denote the group of municipal entities inside constituents of the Russian Federation, the next three digits the municipal district, urban district or intraurban territory of a city of federal significance, and the last three digits the urban or rural settlement. In some cases, the last three digits may include intersettlement territories. Example For example, you need to identify the OKTMO code for the village of Hvorostinino. According to the registry of OKTMO codes provided by the Russian authorities, it belongs to the town of Volokolamsk. The OKTMO code for the town of Volokolamsk is 46 605 101, where 46 is the code for the Moscow region, 605 is the code for the Volokolamsky municipal district, and 101 is the code for the town of Volokolamsk. Therefore, the OKTMO code for the village of Hvorostinino is 46 605 101.

Smart SAP Assistant

• Key Concepts: 
  OKTMO code is a unique identifier used by the Russian government to classify and identify different administrative and territorial divisions. It is used in the FI Financial Accounting component of SAP to identify the location of a company or organization. 
  
  How to use it: 
  The OKTMO code is used in SAP to identify the location of a company or organization. This code is used in various FI Financial Accounting transactions, such as creating a vendor master record, creating a customer master record, and creating a general ledger account. 
  
  Tips & Tricks: 
  When entering an OKTMO code into SAP, it is important to ensure that the code is entered correctly. If the code is incorrect, it may lead to incorrect data being stored in the system. 
  
  Related Information: 
  The OKTMO code is part of the Russian Classification of Territorial Units for Statistical Purposes (RU-KLADR). This classification system is used by the Russian government to classify and identify different administrative and territorial divisions.