VALUE STRING

[Former Member]

hi gurus...

i want to know the exact meaning of value string...and what it is all about

[Former Member]

Hi,

Posting transactions are predefined for those inventory management and invoice verification transactions relevant to accounting. Posting records, which are generalized in the value string, are assigned to each relevant movement type in inventory management and each transaction in invoice verification. These contain keys for the relevant posting transaction (for example, inventory posting and consumption posting) instead of actual G/L account numbers. You do not have to define these transaction keys, they are determined automatically from the transaction (invoice verification) or the movement type (inventory management). All you have to do is assign the relevant G/L account to each posting transaction

Reward if useful,

regards

sanjay l

[Former Member]

Hi Manoj

It is a medium required for assigning G/L account for various transactions in MM.

Basically, the system does not know which GL has to be updated with what. here, we are giving a direction to the system to update the data.

You would have seen some more fields also, like Movement indicator, consumption, value string and transaction event key etc.,While creating a PO, the system will take the Movement type as a base, with MVT, it will identify the MVI(movement indicator - used to define whether it is goods movement for production order, purchase order, delivery note etc), and it will identify the consumption,( like it is assets, or consumption or sales order) and it will identify the value string ( it is must to assigned to movement type, through allocation of value string to movement type, system will automatically identify the GL ) and it will post the entry (dr/cr)in the GL based on the transaction and event key figure which is used to determine the debit and credit entry of a GL

Regards

Yogesh