Could anyone explain the following:
1) Valuation Modifier
2) General Modification
3) Valuation Class
As per the following url:
Valuation areas are nothing but the level at which you want to valuate your materials. SAP provides two levels of valuation Plant level and company code level.
Valuation at plant level: Suppose you have two plants one in Hissar and one in Andhra Pradesh, Then of course you would like to valuate the rawmaterials at plant level as because you have got transportation cost and taxes etc to account for.
Valuation at company code level:Here you valuate all your material in same way.
In One client valuation areas can either be set to plant level or company code level. Once you have made this setting this cant be changed
Valuation classes are linked to valuation class in Tcode OBYC
If your valuation area is at plant level then in OBYC you will find a coloumn for Valuation modifier you can provide your plant there.
1) Valuation Modifier - where we can define this / what is the function of this?
2) General Modification - where we can define this / what is the function of this?
3) Valuation Class - what is the function of this?
4) Account - N/A