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

SAP Term: valuation category

• Component: MM-IV

• Component Name: Invoice Verification

• Description: Criterion for the separate valuation of different stocks of a material managed under one material number. Reasons for such so-called "split valuation" include: Quality Batch Degree of purity Use or non-use in promotions

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• Key Concepts: 
  Valuation category is a feature of the SAP Materials Management (MM) Invoice Verification (IV) component. It is used to determine the value of goods and services that are being invoiced. The valuation category is assigned to each item on an invoice and is used to calculate the total value of the invoice. 
  
  How to use it: 
  The valuation category is set up in the SAP system and can be assigned to each item on an invoice. The system will then use this information to calculate the total value of the invoice. The valuation category can also be used to determine the tax rate that should be applied to the invoice. 
  
  Tips & Tricks: 
  It is important to ensure that the correct valuation category is assigned to each item on an invoice, as this will affect the total value of the invoice. It is also important to ensure that the correct tax rate is applied, as this will affect the amount of tax that needs to be paid. 
  
  Related Information: 
  The valuation category is part of the SAP Materials Management (MM) Invoice Verification (IV) component. It can also be used in conjunction with other features such as pricing conditions and payment terms. For more information about these features, please refer to SAP's official documentation.