What is non-valuated material in SAP FIN-BAC-INV - Inventory Accounting?

SAP Term: non-valuated material

• Component: FIN-BAC-INV

• Component Name: Inventory Accounting

• Description: Material without valuated stocks. Receipts of non-valuated materials are created in Financials as a purchase order with account assignment. Inventory quantity and goods issue are posted with the value zero.

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• Key Concepts: 
  Non-valuated material is a type of inventory item in SAP that is not assigned a monetary value. This type of material is typically used for items that are not intended to be sold, such as raw materials, components, and finished goods. It is also used for items that are not tracked in terms of quantity or value, such as services or intangible assets. 
  
  How to use it: 
  In SAP, non-valuated material is managed using the FIN-BAC-INV Inventory Accounting component. This component allows users to track the quantity and movement of non-valuated materials, as well as any associated costs. The component also provides users with the ability to generate reports on the status of non-valuated materials. 
  
  Tips & Tricks: 
  When using the FIN-BAC-INV Inventory Accounting component to manage non-valuated materials, it is important to ensure that all relevant information is accurately entered into the system. This includes the quantity and movement of materials, as well as any associated costs. Additionally, it is important to regularly review and update the information in order to ensure accuracy. 
  
  Related Information: 
  For more information on non-valuated materials and how to manage them in SAP, please refer to the official SAP documentation on Inventory Accounting (FIN-BAC-INV). Additionally, there are a number of online resources available that provide further guidance on this topic.