Glossary Index

MYOB AccountEdge Terms

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sales

In MYOB AccountEdge, sales are transactions that indicate that items or services were sold to a customer. Five types of sales can be recorded in MYOB AccountEdge:

1) Item
-- documents the sale of items added to the Items List (may be inventoried or non-inventoried items, as well as services).
2) Service
-- documents the sale of services and goods not added to the Items List.
3) Professional
-- similar to a Service sale, 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.
5) Time billing
-- documents time-based services (can also include items).

sales history

The chronological list of past monthly sales amounts recorded for an item, customer or salesperson.

Sales Journal

A collection of information about sales transactions, containing the debit and credit amounts for affected accounts.

Sales order

A sale that you expect to occur sometime in the future. An order isn't an actual transaction. An order merely stores sale 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 recorded on a sale will be tracked as a "committed" item.

sample company

The term used to describe Widgets, Inc., a sample set of data that MYOB software users can work with to become familiar with MYOB AccountEdge.

security preference

The preference 'Transactions CAN'T be Changed; They Must be Reversed [System-wide]' which is found by choosing the Setup menu > Preferences and then selecting the Security tab.

Service sale

The written record of a sale of services and goods that haven't been added to the Items List. A Service sale uses the Service layout.

See also layout.

service item

A service performed by a company; the service is entered in the Item Information window and can appear on an item invoice.

Service purchase

The written record of a purchase of services and goods that don't appear on the Items List. A Service purchase uses the Service layout.

See also layout.

session report

A report containing journal activity since the MYOB AccountEdge company file was last opened.

single-user file locking

A feature in MYOB AccountEdge that ensures that only one user is using a company file during certain file maintenance tasks (such as backing up and checking your company file for errors) that require the 'full involvement' of the company file.

source journal

A recordkeeping tool used to categorize transactions into similar groups. When a transaction is saved, it's assigned to the source journal that best applies to it. MYOB AccountEdge's six source journals are: General Journal, Sales Journal, Purchases Journal, Cash Receipts Journal, Cash Disbursements Journal and Inventory Journal.

source journal number

An identification number assigned to a transaction.

Spend Money transaction

In MYOB AccountEdge, a payment transaction that is not a Pay Bills transaction (payment for a purchase).

sub-job

A component of another larger, more comprehensive job.

sub-tax

The tax codes that make up a Consolidated tax type.

system-wide preference

A setting in AccountEdge's Preferences window that affects everyone who works with the company file, not just the user who selects that preference.

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