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Code Settings- Sales Class Codes
Sales Class Codes are used to determine how sales and purchases are classified for accounting purposes.
To add sales class codes:
- Click Setup >> Codes >> Sales Class Codes.
- Enter a Sales Class Code, Description, and select a Type >> click Update.
- Sales Class Code: Number that represents a class of sales. These numbers are used to better organize sales reports when filing taxes. (Example: 4000)
- Description: A description of the sales class code. (Example: Default Sales)
- Type: Indicating whether a sales class code is Sales Type or a Purchase Type.