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A sequence of characters used to gain access to a specific area of a software program. In MYOB AccountEdge, you have the option of requiring a password to override a customer's credit limit.
See also User IDs.
In MYOB AccountEdge, transactions that indicate that you've paid vendors for your purchases. You apply the payment to one or more of your outstanding purchase balances. You also can apply vendor debits while preparing to apply the payment.
(Also called a Vendor Payment or Bill Payment transaction.)
In MYOB AccountEdge, the five elements of a paycheck: wages, accruals, deductions, taxes and employer expenses. Payroll categories should not be confused with categories, which are labels created and defined so transactions can be assigned to them for reporting purposes.
Amounts that are calculated and deducted from employee paychecks in accordance with the government's taxation laws.
Transferring a journal entry to the General Ledger.
A variety of setup options used to customize the way you work in MYOB AccountEdge.
A transaction for which the balance is due at the time the transaction occurs. No credit is extended to the customer in a prepaid transaction.
Different prices at which an item is sold to different kinds of customers. In MYOB AccountEdge, up to six pricing levels can be set.
The vendor from whom an item is usually purchased.
A service sale that includes the dates when each service was performed. A Professional sale uses the Professional layout.
See also layout.
A service purchase that includes the dates when each service will be provided. A Professional purchase uses the Professional layout.
See also layout.
A financial statement showing a company's performance over a period of time. An MYOB AccountEdge profit and loss statement shows the income gained by a business, the cost of sales and expenses incurred by the business, and the net profit or loss that results.
An order with no quantity in the Received column: A purchase that you expect to occur sometime in the future. This order isn't an actual transaction. The order merely stores purchase information until you're ready to use it. An order doesn't affect your financial records. (Any payments applied to an order will create transactions.) An inventoried item quantity entered in the Ordered column on an purchase order will be tracked as an "on order" item.
An order with a quantity in the Received column: A purchase that you expect to occur sometime in the future. The order stores purchase information until you're ready to bill it. If a purchase order contains quantities in the Received column, those quantities were entered using the Receive Item status of the Purchases - Item window. An order with an amount in the Received column, records a transaction; the transaction is created because an the purchase price was allocated to your Linked Account For Item Receipts (A/P Accrual - Inventory). (Any payments applied to the order will also be included in the transaction.) An inventoried item entered in the Order column of a purchase order will be tracked as an "on order" item.
See also, Receive Item.
In MYOB AccountEdge, transactions that indicate that items or services were bought from a vendor. Four types of purchases can be recorded:
1) Item -- documents the purchase of items added to the Items List (may be inventoried or non-inventoried items, as well as services).
2) Service -- documents the purchase of services and goods not added to the Items List.
3) Professional -- similar to Service purchase, but allows specification of a date for each line item
4) Miscellaneous -- used for quick transactions that involve no items and require no printed documentation.
A collection of information about purchase transactions, containing the debit and credit amounts for affected accounts. The Purchases Journal contains purchasing transaction information affecting accounts payable, inventory asset and purchase expense accounts.
The process of deleting unnecessary or outdated data from a company file. Information that can be purged from the company file includes journal entries, closed sales, closed purchases, activity slips and business contacts.
An estimate you provided to one of your customers or received from one of your vendors. A quote doesn't create a transaction, so it has no impact on your financial records or inventory levels. No payments can be applied to a quote. A sales quote can be changed to an order or invoice when the customer is ready for the sale; a purchases quote can be changed to an order or bill when you're ready to purchase.
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