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Use the Accounting Section field to select the COA section and thus the type of balance. Selecting a section invokes the tabs specific to this section.
You can select a option from the The following options are available:
- Inventory: Using this option, you can provide all the information on the inventory available in the organization.
- Cash Assets: Using this option, you can enter the beginning balances of cash and bank accounts.
- Settlements with Suppliers and CustomersEmployee Business Expenses: : Using this tab, you can enter the beginning balances of accounts receivable and payable.
- Fixed Assets: This option is available if the Enable Fixed Assets Accounting option is selected on the Administration > Settings > Asset Management form.
- Salary: This option is available if the HR and Payroll module is enabled on the Administration > Settings > HR and Payroll form.Fixed Assetsthe Enable the Payroll and HR module option is selected on the Administration > Settings > HR and Payroll form.
- Employee Business Expenses: This option is available if the Fixed Asset Management option is selected HR and Payroll module is enabled on the Administration > Settings > General Settings HR and Payroll form.
- SalaryEmployee Vacations: This option is available if the HR and Payroll module is enabled on the Administration > Settings > HR and Payroll form.Employee Vacations
- Payroll Deductions: This option is available if the HR and Payroll module is enabled on the Administration > Settings > HR and Payroll form and the Enable Payroll Deductions option is selected on the same form.
- Loans to Employees: This option is available if the HR and Payroll module is enabled on the Administration > Settings > HR and PayrollPayroll form and if the Enable Loans to Employees option is selected on the same form.
- End-of-Service Provision: This option is available if the Enable the Payroll and HR and Payroll moduleoption is enabled selected on the Administration > Settings > HR and PayrollPayroll form and if the Enable End-of-Service Benefit Calculation option is selected on the same form.
- Employee Benefit Provisions: This option is available if the HR and Payroll module is enabled on the Administration > Settings > HR and PayrollPayroll form.
- Taxes: This option is available if the VAT Accounting option is selected on the Administration > Settings > Taxes form.
- Loans Received and Issued: This option is available if the Enable Long-Term Credit Credits and Loans option is selected on the Administration > Settings > General Settings form. You can enter the balances of the loans received and issued.
- Deferred expensesExpenses: This option is available if the Enable Deferred Expenses option is selected on the Administration > Settings > General Settings form. You can provide information on the expenses yet to be recognized.
- Deferred revenuesRevenues: This option is available if the Enable Deferred RevenueRevenues option is selected on the Administration > Settings > General Settings form. You can provide information on the revenues still deferred.
- PDCs (Post-Dated Cheques): This option is available if the Cheque Accounting option is selected on the Administration > Settings > Money form.Other section Money form. Using this option, you can provide details on available post-dated cheques.
- Workwear and Tools: This option is available if the Enable Workwear and Tools Accounting option is selected on the Administration > Settings > Asset Management form. With this option selected, you can enter the data on the items of workwear and tools that are in use by employees.
- Other Sections: Using this option, you can enter any other balances.
In the Entity field, specify the entity for which the initial balance will be entered. The Entity field is available if the Multi-Company Accounting option is selected on: Administration > Settings > General Settings. You can select your personal default entity to appear in documents; for this, refer to Personal Settings. If you have not selected your default entity, the entity, which was defined first, will be used as the system default value.
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