Valuation Grouping Code and Account Grouping Code

Updated May 18, 2018

Hello Experts,

I want to know that,

1> What is Valuation Grouping Code?

2> What is Account Grouping Code?

Comments

09 Sep 2013 5:59 am kumar Helpful Answer

Valuation grouping code : Group of valuation areas to facilitate the administration of the table of standard accounts by minimizing the number of entries. It is used mainly in automatic account determination process (OBYC) for Posting purposes.