Explanation of valuation class and Split valuation

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Valuation class is used to determine the value of a material and split valuation is used to differentiate the stock of a material based on certain criteria.

Valuation class is assigned to a material master record and determines the G/L accounts used for accounting transactions.
Split valuation is used to differentiate the stock of a material based on certain criteria such as origin, quality, or location.
Split valuation allows for different valuation methods to be used for different portions of the same material.
For example, a company may use split valuation to differentiate between the value of raw materials and finished goods inventory.
Split valuation can also be used to track the value of inventory in different locations or to differentiate between inventory with different expiration dates.

Explanation of valuation class and Split valuation

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