material groups, valuation classes and GL acccounts

[Former Member]

HI Gurus,

I need to setup new material groups with descriptions, valuaiton classess and their related GL accounts. What steps do i nned to follow.

PLease explain '

Thanks

Anusha

[Former Member · Accepted solution]

Go to transacition OMSF to define the material group

Go to transaciotn OMSK to define the valuation class

here you can define or use existing A/C ategory reference than create valuation calss and assign the A/C category to that valution class and next step you can assign the material type

G/L account you can define in FS00 transaciotn and you can assign them to the valution class in OBYC transcation.