This tab is used for entering balances of your items transferred to consignees for consignment sales or to subcontractors, or for storage in a third-party contract warehouse.
The Opening Balances Entering document. The Inventory (Inventory Transferred) tab
To add the document, click the Add button.
Use the Item column to select the item which opening balance you want to enter.
In the Transaction Type column, select one of the following options:
- Transfer to Processing: To enter the balance for the item transferred to processing.
- Transfer to Consignment: To enter the balance for the item transferred to consignment sales.
- Transfer to Safe Custody: To enter the balance for the item transferred to a third-party contract warehouse.
In the Company column, select the company that provides the specified service to your organization.
The Contract column is populated automatically for the selected company with its default contract. You can select another contract or create an appropriate one.
The Characteristic column is available if the Enable Item Characteristics option is selected on the Administration > Settings > Purchasing and Warehouses form. In this column, you can specify additional properties of the item if the Use Characteristics option is selected for the item in its master record (see Items).
The Batch column available if the Enable Batches option is selected on the Administration > Settings > Purchasing and Warehouses form. In this column, you can specify the batch (lot) number for the item for which the Use Batches option is selected. Generally, you must specify batch numbers for item transferred for consignment sales, or stocked in third-party's contract warehouses. To learn more about the item settings, see Settings: Purchasing and Warehouses.
The Serial Numbers column is available if the Use Serial Numbers option is selected on the Administration > Settings > Purchasing and Warehouses form. For a serialized item (for which the Use Serial Numbers check box is selected on the Items form), click in the column to open the Serial numbers dialog box. In this dialog box, you must enter or generate the serial numbers according to available quantity of the item.
The Serial Numbers dialog box
In the Quantity column, you can specify the item's available quantity and in the UOM column, you can select an UOM for the item if the Multiple UOMs per Item option is selected on the Administration > Settings > Purchasing and Warehouses form.
In the Cost of Goods Sold column, specify the total cost of the item.
The Accounts Amount column is populated with the cost in the accounting currency.
The GL Accounts column contains the link to the GL Accounts: Item dialog box using which you can view the GL accounts involved in the transaction. 
The GL Accounts: Item dialog box
In the Transaction Content column, provide a description of this beginning balance.