Sector Entry

“In this page, you will find a detailed and comprehensive overview of the ‘Sector Entry’ page, its concept, features, and an explanation of how to add sectors.

To access the ‘Sector Entry’ page, please follow these instructions:

• Start by clicking on the ‘Settings’ menu in the main menu.
• Next, click on ‘Branches’ available in the top bar of the page.
• You will be directed to the ‘Sector Entry’ page, where you can add a branch or sector to the system.

Concept and Uses of ‘Analytical Sectors and Branches’:

• Analytical sectors refer to custom elements that can be used to classify and aggregate financial data and processes within the system. Sectors are used to provide accurate performance analysis, prepare financial reports, and better manage operations. Here are some examples of how sectors can be used in the system:
  1. Project Classification: Sectors can be used to classify processes and costs related to a specific project. For example, in a company with multiple projects, project dimensions can be defined to track costs, revenues, and allocated resources for each project separately.
  2. Account Classification: Sectors are used in conjunction with accounts to classify financial operations and accounts within the system. For example, there can be dimensions for classifying expenses such as wages, material costs, and services.
  3. Customer and Supplier Classification: Sectors can be used with customers and suppliers to track operations and transactions related to customers and suppliers. This can help improve customer and supplier relationship management.
  4. Production and Inventory Classification: Production and inventory sectors can be used to classify products and inventory items and track production costs and inventory levels.
• Sectors in the system provide great flexibility for customizing the system to meet the company’s specific requirements, enhancing management processes, and generating financial reports and overall company performance.
• Branches represent the division of the company into independent units that operate separately in all aspects, from documents and transactions to data input and report extraction. Using branches is essential for organizing and streamlining the company’s management process.
• In addition, branches allow precise control of permissions, where users can be granted specific permissions to access only their designated branch. This enhances security and restricts the unwanted spread of information among branches.
• In summary, branches are a vital tool for organizing and managing operations within the company and ensuring effective separation between its different departments.

Explanation of How to Add a ‘New Branch or Sector’:

• Type: Start by selecting the type of unit you want to add, whether it’s a branch or an analytical sector.
• Reference: Enter a unique reference that distinguishes the new branch or sector within the system. This reference is typically a sequential number used to uniquely identify the unit.
• Name: Add the name of the new branch or sector you intend to add.
• Start and End Dates: Specify the start and end dates of the time period covered by the new branch or sector.
• Keywords: Select one or more keywords from the predefined keywords list. These keywords represent the type of sector or branch you want to add.
• Statement: Add any additional data you wish to include about the new branch or sector.

Once you have filled in all these required details, click the ‘Add’ button to add the new branch or sector to the system.”