Class

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Class is the class assigned to the General Ledger transaction where the inventory liability associated with the entire item sale document will be recorded.

 

By default the use of classes is optional.  Classes may be required if Use Classes has been set to "Required" in Company Setup.  Enter a class or look it up. As you enter a class in the Type-Thru drop box, ObjAcct will find the best match. 

 

You can also click on the down arrow at the right of the drop box to display the full list of classes. Scroll down the list until you find the desired class and click to retrieve it for the item sale.

 

If Validate Classes By Account in Company Setup is checked, the list of valid classes will be limited by the entries defined for the Account in the Account Class Validation screen OR to all active classes, depending upon the Account Class Validation Type in Company Setup

 

If Validate Classes By Account in Company Setup is checked, the following default logic will only apply if the default account and class combination is valid based on the Account Class Validation Type and/or the Account Class Validation screen entries.

 

Default Logic:

 

If Use Classes has been set to "Required" in Company Setup, when you enter a new item sale document, the Default Class in Company Setup will default here.