Hello,

The Item Class settings serve as Default Settings when new Stock Items are added. Default settings can then be further customized at the time of setting up the new Stock Item, or later, to be more specific for the newly added items.

When selling an item, Acumatica uses only settings that are now entered on the Stock Item screen…. not looking back at the Item Class.

In Summary,

Item Classes have two purposes:

1. To hold common default settings (Including Attributes) for various different types of Stock and Non-Stock items, making setup of New Items easier, and
2. Most Report parameters include a filter for Class, for easy reporting for groups of similar items together:

Laura

So If there is No Markup % Mentioned in the item level then when Selling the item do the System take Markup% from item Class level?(which i find Not functioning) .. if Not  Providing a Markup% in Item Class has any advantages

Hello,

No, if there is no Minimum Markup % on the item, the system will not use the Minimum Markup % from the Item’s class.

The only advantage of adding Minimum Markup % to the Item Class is…. new items added to the class with Minimum Markup 25% will take on Minimum Markup % = 25% by default.

If you need to add Minimum Markup % to a group of existing items in that Class, consider importing the new Minimum Markup % to existing items via Import Scenario .

Laura