How to use OMXH - Maintain FIFO Variant

SAP Transaction Code - Details

• Transaction Code: OMXH

  Description: Maintain FIFO Variant

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: CKMC

    Package Description: Customizing for Material Ledger

    Parent Package: APPL

  • Module/Component: CO-PC-ACT

    Description: Actual Costing/Material Ledger

Smart SAP Assistant

• SAP Tcode: OMXH - Maintain FIFO Variant

  
  Overview:
  The SAP transaction code OMXH is used to maintain FIFO (First In, First Out) variants. This code is used to define the parameters for the FIFO valuation method, which is used to determine the value of inventory items. 
  
  Functionality: 
  The OMXH transaction code allows users to define the parameters for the FIFO valuation method. This includes setting up the valuation type, defining the number of periods for the FIFO valuation, and setting up the periodicity of the FIFO valuation. The OMXH transaction code also allows users to define the parameters for the FIFO valuation method for specific materials or material groups. 
  
  Step-by-step How to Use: 
  1. Enter transaction code OMXH in the command field. 
  2. Select “Create” from the menu bar. 
  3. Enter a name for the FIFO variant and select “Valuation Type” from the drop-down menu. 
  4. Enter a number of periods for the FIFO valuation and select “Periodicity” from the drop-down menu. 
  5. Select “Save” from the menu bar to save your changes. 
  6. Select “Execute” from the menu bar to execute your changes. 
  
  Other Recommendations: 
  It is recommended that users familiarize themselves with all of the parameters available in order to ensure that they are setting up their FIFO variants correctly. Additionally, users should ensure that they are setting up their FIFO variants in accordance with their company’s accounting policies and procedures.