Classifications give you a method to segment information. In the Reports and on Searches in the Lists there are Classification filters.
Classifications are used throughout the system, including on Transactions in the General Ledger.
If you are familiar with QuickBooks, Classifications are similar to Classes.
Go to, Setup>Configuration>General>Classification Types
Classifications can be imported via the Import Classificaions Types template.
Setup > Import Data > Classification Types
On their respective Classifications tab, you can set up to three classifications (aka classes) on Documents, Transactions and Items.
The Classification Types Configuration Document lets you add/delete/view Classification Types.
To configure Classifications, from The Explorer click Setup > Configuration this displays the Configuration page. Then, in the General section, click 'Classification Types', to display the Classification Type Configuration Document.
The new Classification Type will now be available in the Class drop-down lists found under the 'Classification' tabs on various Documents.