Glossary Index

MYOB AccountEdge Terms

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backing up

The process of preserving information in another location to ensure the information you enter using your computer is safe. In MYOB AccountEdge, use the Backup command to back up the company file, with or without any supporting folders.

backup file

A computer file copied during the backing-up process, and stored at a secondary location.

bad debt

Funds owed by a customer for which payment is no longer judged to be collectable.

balance sheet

A summary of assets, liabilities and net worth at a certain time.

Bank Register

A combination register and transaction window that permits:

-- Quick entry of all transactions for accounts with a bank or credit card account type from one window;

-- Viewing of a complete transaction history for a selected date range of each of these accounts.

bank statement

A detailed list, provided by the bank, of all activity for a particular account during the month.

bill

A recorded purchase transaction. A bill increases any inventory on hand for items. (Unless the item was received using "Receive Item' In this case, items in the Received column have already been added to on hand inventory.) Open, closed or debit memos can be bills. Bills can't be changed into quotes or orders.

See also, Receive Item

billing unit

A 1, 6, 10, 12, 15 or 30 minute measure that you define in the System Preference window for use in time billing for hourly activities, rather than whole hours.

Whether or not you use billing units, timesheets and time billing invoices will display your billable units as whole hours.

>GLOSS>build item

The process of transferring inventoried item quantities after finished items are created; also, the change in quantity.

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