How to use OB59 - C FI Maintain Valuation Methods

SAP Transaction Code - Details

• Transaction Code: OB59

  Description: C FI Maintain Valuation Methods

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: FB0C

    Package Description: Financial Accounting customers

    Parent Package: APPL

  • Module/Component: FI-AR-AR

    Description: Basic Functions

Smart SAP Assistant

• SAP Tcode: OB59 - C FI Maintain Valuation Methods

  
  Overview:
  The SAP transaction code OB59 is used to maintain the valuation methods for the company code in the SAP system. This transaction code is used to define the valuation methods for the company code, which are used to determine the value of assets and liabilities. 
  
  Functionality: 
  The OB59 transaction code allows users to maintain the valuation methods for the company code. This includes setting up the valuation methods, such as FIFO (First In First Out), LIFO (Last In First Out), and Average Cost. It also allows users to define the valuation classes, which are used to group assets and liabilities into different categories for valuation purposes. 
  
  Step-by-step How to Use: 
  1. Enter transaction code OB59 in the command field. 
  2. Select the company code for which you want to maintain the valuation methods. 
  3. Select the valuation method you want to use (FIFO, LIFO, or Average Cost). 
  4. Enter a description for the valuation method and save it. 
  5. Define the valuation classes and assign them to the appropriate assets and liabilities. 
  6. Save your changes and exit the transaction code. 
  
  Other Recommendations: 
  It is important to ensure that all of your company’s assets and liabilities are properly valued using the correct valuation methods and classes. It is also important to regularly review and update your company’s valuation methods and classes as needed in order to ensure accuracy in your financial statements.