SAP Transaction OMKZ: A Step-by-Step Tutorial for SAP Users

Welcome to our tutorial on SAP transaction OMKZ, a powerful transaction code used in SAP Materials Management (MM) module. In this tutorial, we will guide you through the process of using OMKZ to configure valuation classes in SAP. Whether you are a beginner or an experienced SAP consultant looking to expand your knowledge, this tutorial will provide you with the necessary steps and examples to effectively use OMKZ.

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Now, let’s dive into our tutorial on using SAP transaction OMKZ.

What is SAP Transaction OMKZ?

SAP Transaction OMKZ (Valuation Classes) is a transaction code used in SAP MM to configure valuation classes. Valuation classes are used to group materials with similar accounting characteristics for valuation purposes. By assigning valuation classes to materials, you can determine how the materials’ costs are accounted for and reported in SAP.

Step 1: Accessing SAP Transaction OMKZ

To start using OMKZ, follow these steps:

1. Log in to your SAP system using your user ID and password.
2. Launch the SAP Easy Access Menu.
3. Navigate to the “Logistics” folder and expand it.
4. Locate and click on the “Materials Management” folder.
5. From the sub-menu, select “Valuation”> “Valuation Classes”.
6. Next, choose “Define Valuation Classes” to access the OMKZ transaction.

Step 2: Configuring Valuation Classes in OMKZ

Once you have accessed OMKZ, you will be presented with a screen where you can configure valuation classes. Let’s explore the fields and options available:

• Valuation Class: This field allows you to enter a unique code to identify the valuation class.
• Description: In this field, you can provide a brief description of the valuation class for better understanding.
• Account Category Reference: Here, you can assign an account category reference to the valuation class. Account category references are used to determine the general ledger accounts associated with the valuation class.
• Valuation Class Type: This field indicates the type of valuation class, such as material valuation, invoice valuation, or production valuation.
• Valuation Class Category: You can assign a category to the valuation class, such as raw materials, finished goods, or consumables.

Example: Creating a Valuation Class for Raw Materials

Let’s say you want to create a valuation class for raw materials. Follow these steps:

1. In the Valuation Class field, enter a unique code for the valuation class, such as “RM” for raw materials.
2. In the Description field, enter a brief description, such as “Valuation class for raw materials”.
3. Assign an appropriate Account Category Reference for the valuation class, based on your organization’s chart of accounts.
4. Select the Valuation Class Type as “Material Valuation” to indicate that this valuation class is used for material valuation purposes.
5. Assign the Valuation Class Category as “Raw Materials” to categorize the valuation class accordingly.
6. Click on the “Save” button to save the configuration.

Congratulations! You have successfully created a valuation class for raw materials using SAP transaction OMKZ.

Step 3: Modifying or Deleting Valuation Classes

In addition to creating valuation classes, OMKZ also allows you to modify or delete existing valuation classes. Here’s how:

1. Access the OMKZ transaction using the steps mentioned in Step 1.
2. Locate the valuation class you want to modify or delete.
3. To modify the valuation class, make the necessary changes to the fields and click on the “Save” button.
4. To delete the valuation class, select the class and click on the “Delete” button.
5. Confirm the deletion by clicking on the “Yes” button.

Conclusion

In this tutorial, we have provided you with a step-by-step guide on using SAP transaction OMKZ in the SAP MM module. We explained the purpose of OMKZ and demonstrated how to configure valuation classes. By effectively using OMKZ, you can ensure accurate and efficient valuation of materials in SAP.

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