Glossary Index

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tab-delimited file format

A file format in which fields that are separated by tab characters (tabs). For example, if a tab appears between "Brewster" and "300 Roundhill Drive" in a record in a tab-delimited file of customer information, "Brewster" and "300 Roundhill Drive" are processed as two separate fields in that record. Tab-delimited files are often used by popular spreadsheet and worksheet programs.

tax code

In MYOB AccountEdge, a representation of a particular rate that is used to calculate tax on your transactions.

tax table

A set of detailed Federal and state tax information used for calculating employee withholding amounts. Tax tables are updated periodically by MYOB AccountEdge.

tax type

In MYOB AccountEdge, the type describes the practical use of the tax code. Each tax code must be assigned one tax type. Tax types are:

Import Duty, or Sales Tax. There is also a Consolidated type that is made up of two or more sub-taxes (component tax codes).

time billing sale

An invoice that tracks the sale of activities in time-based increments. Time Billing sales can also track sales of items marked 'I Sell' ('I Buy' and 'I Inventory' are optional).

transaction

An entry that affects the balance of an account or group of accounts.

trial balance

A list of the accounts in your general ledger and their balances as of a specified date; has the same total debit and total credit amounts.

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