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

SAP Term: valuation type

• Component: MM-IV

• Component Name: Invoice Verification

• Description: A subdivision of a valuation category in split valuation. &EXAMPLE& An enterprise manages its stocks of a material using the valuation category "Quality", comprising the following valuation types: High quality Average quality Inferior quality

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• Key Concepts: 
  Valuation type 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. Valuation types are used to define the pricing conditions for goods and services, such as discounts, taxes, and other charges. 
  
  How to use it: 
  Valuation types are used to define the pricing conditions for goods and services. They can be used to set up discounts, taxes, and other charges. Valuation types can be assigned to vendors or customers in order to determine the pricing conditions for their invoices. 
  
  Tips & Tricks: 
  When setting up valuation types, it is important to ensure that they are correctly configured in order to ensure accurate pricing. It is also important to ensure that the correct valuation type is assigned to each vendor or customer in order to ensure that the correct pricing conditions are applied. 
  
  Related Information: 
  For more information on setting up and using valuation types in SAP MM-IV, please refer to the SAP Help documentation.