How to use OMWT - C FIFO Valuation Levels

SAP Transaction Code - Details

• Transaction Code: OMWT

  Description: C FIFO Valuation Levels

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: MRY

    Package Description: Balance Sheet Valuation

    Parent Package: APPL

  • Module/Component: MM-IM-VP

    Description: Balance Sheet Valuation Procedures

Smart SAP Assistant

• SAP Tcode: OMWT - C FIFO Valuation Levels

  
  Overview: 
  OMWT - C FIFO Valuation Levels is a SAP transaction code used to manage the valuation of inventory items using the First-In-First-Out (FIFO) method. This transaction code allows users to set up and maintain FIFO valuation levels for each inventory item. 
  
  Functionality: 
  The OMWT - C FIFO Valuation Levels transaction code enables users to set up and maintain FIFO valuation levels for each inventory item. This allows users to track the cost of goods sold (COGS) and the value of inventory on hand more accurately. The transaction code also allows users to view the current FIFO valuation levels for each item, as well as the total value of inventory on hand. 
  
  Step-by-step How to Use: 
  1. Enter the OMWT - C FIFO Valuation Levels transaction code in the SAP system. 
  2. Select the “Create” option from the menu bar. 
  3. Enter the material number and plant for which you want to create a FIFO valuation level. 
  4. Enter the quantity and cost of the material that you want to add to the FIFO valuation level. 
  5. Select “Save” to save your changes. 
  6. To view existing FIFO valuation levels, select “Display” from the menu bar and enter the material number and plant for which you want to view the FIFO valuation levels. 
  7. To delete an existing FIFO valuation level, select “Delete” from the menu bar and enter the material number and plant for which you want to delete the FIFO valuation level. 
  
  Other Recommendations: 
  It is recommended that users regularly review their FIFO valuation levels in order to ensure accuracy in their COGS calculations and inventory values. Additionally, users should ensure that all changes made to their FIFO valuation levels are properly documented in order to maintain an audit trail of their inventory management activities.