What is valuation alternative in SAP MM-IV - Invoice Verification?

SAP Term: valuation alternative

• Component: MM-IV

• Component Name: Invoice Verification

• Description: The prices based on tax law and commercial law from the material master record are saved in a table. The saved data is available for valuation or analysis.

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• Key Concepts: 
  Valuation alternative is a feature in SAP MM-IV Invoice Verification that allows users to assign different values to the same material. This is useful when the same material is used in different processes or for different purposes, and each process or purpose requires a different value. For example, if a material is used for both production and sales, the user can assign different values to the material for each process. 
  
  How to use it: 
  To use the valuation alternative feature, users must first create a valuation class for each material. This valuation class will contain the different values that can be assigned to the material. Once the valuation class has been created, users can assign a value to the material by selecting the appropriate valuation class in the invoice verification process. 
  
  Tips & Tricks: 
  When creating a valuation class, it is important to make sure that all of the values are correct and up-to-date. This will ensure that the correct value is assigned to the material during invoice verification. Additionally, it is important to keep track of which materials have been assigned which values, as this will help users avoid assigning incorrect values during invoice verification. 
  
  Related Information: 
  For more information on how to use the valuation alternative feature in SAP MM-IV Invoice Verification, please refer to SAP’s official documentation on the topic. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use this feature.