Glossary Index

MYOB AccountEdge Terms

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markup

The difference between your cost and the selling price. Percent markup is calculated by dividing the markup by the cost. For example, an item that costs $10 and sells for $12 has a $2 markup. The markup percent is 20%.

For comparison, see also margin.

margin

Percent margin is calculated by dividing the markup by the selling price. For example, an item that costs $10 and sells for $12 so has a $2 markup. The margin percent, calculated by $2/$12, is 16.67%.

For comparison, see also markup.

Miscellaneous purchase

A purchase that doesn't require a printed purchase order. A Miscellaneous purchase uses the Miscellaneous layout.

See also layout.

Miscellaneous sale

A sale that doesn't require a printed invoice. A Miscellaneous sale uses the Miscellaneous layout.

See also layout.

multicurrency transactions

Transactions that involve any currency other than US dollars.

multi-user file locking

Used by MYOB AccountEdge when more than one person is entering information into the same company file at the same time to prevent different pieces of data from "colliding" into each other when they're simultaneously entered into your company file; such a situation, if not prevented, could seriously damage the company file.

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M · N · O · P-Q · R · S · T · U · V · W · X-Z