Create Item Family Groups

Navigate to the Item Family Groups List page using one of the following methods:

In the Quick Actions portlet, click Vendors/Items, and then select Item Family Groups.
In the top menu bar, click Setup, hover over Company, and then select Item Family Groups.
In the global Search field above the menu bar, enter Item Family Groups.

On the Item Family Groups List page, click New Item Family Groups.

Enter the Name of the new group.

Select the Parent Item Major Group for the Item Family Group.

Select the Tax Schedule for the Item Family Group.

Note:

Tax and Account Settings

When you assign an Item Family Group to an inventory item:

The Tax Schedule, OSS Tax, and Inventory Account, COGS Account, and Income Account values defined for the Item Family Group are copied to the inventory item.
The information you define for an Item Family Group is automatically applied to all inventory items assigned to that group.
Existing definitions in the inventory item records are not overwritten.

After an inventory item has been assigned to an Item Family Group, changes made to the group's tax or account settings are not automatically applied to the inventory item.

If OSS Tax is used, select the OSS Tax record for the Item Family Group.

Select the Inventory Account for the Item Family Group.

Select the COGS Account for the Item Family Group.

Select the Income Account for the Item Family Group.

(Optional) On the Notes subtab, enter notes and comments for the group.

(Optional) On the Translation subtab, enter the translation for the listed languages.

Click Save.