What is 'year-end valuation' in SAP MM-IV - Invoice Verification?

year-end valuation - Overview

• Component: MM-IV

• Component Name: Invoice Verification

• Description: A description of a layer version for LIFO valuation at the end of a fiscal year.

year-end valuation - Details

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  Key Concepts: 
  Year-end valuation is a process in SAP MM-IV Invoice Verification that allows users to close out the fiscal year and carry over any open invoices to the next year. This process is used to ensure that all invoices are accounted for and that the financial statements are accurate. 
  
  How to use it: 
  To use year-end valuation, users must first enter the closing date for the fiscal year in the system. This will trigger the system to begin the process of closing out any open invoices and carrying them over to the next year. Once this is done, users can then view a report of all open invoices and their associated values. 
  
  Tips & Tricks: 
  It is important to ensure that all invoices are accounted for before closing out the fiscal year. This can be done by running a report of all open invoices and verifying that they are all accounted for. Additionally, it is important to ensure that all invoices are properly coded so that they can be easily tracked in the future. 
  
  Related Information: 
  For more information on year-end valuation, please refer to SAP’s official documentation on MM-IV Invoice Verification. Additionally, there are many online resources available that provide detailed instructions on how to use this feature in SAP.