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The 9-digit federal Employer Identification Number. In MYOB AccountEdge, this number is often referred to as the "Federal Tax ID."
In MYOB AccountEdge, a payment that directly credits your bank. You must subscribe to MYOB Vendor Payments to make electronic payments.
In MYOB AccountEdge, your company's costs of having employees. They are calculated on employees' paychecks, but don't affect the employees' net pay; instead, they affect the amounts you must contribute to the employee, to the government, or to other institutions.
An account that tracks a company's net worth. A company's equity, also known as "owners' equity,' is calculated by subtracting the company's liabilities from its assets. Common equity accounts are current year earnings, retained earnings and shareholders' equity.
Equity accounts are assigned the prefix 3 in MYOB AccountEdge, and normally have a credit balance.
In MYOB AccountEdge, using the Erase selection in the Edit menu to remove all of the entries in the transaction window while the window remains open. You can then enter the transaction information that you want. (This is different from canceling a transaction; when you click the Cancel button, all of the entries are removed and the window closes.)
The rate at which one currency can be traded for another.
An account that tracks the costs incurred when a business attempts to create income. Expense accounts are assigned the prefix 6 in MYOB AccountEdge, and normally have a debit balance.
The process of transferring data from MYOB AccountEdge to a text file for use with another software program.
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