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A Masterfile is a collection of records you can post transactions against. All Masterfile records are identified by a unique code. The same code can be used for other records in other Masterfiles belonging to the same Company. Masterfiles contain information that remains constant, for example, name records, address records, Product codes, balances and totals.
On using Accredo for the first time setup Masterfiles. You can enter or import details. Some examples are:
Enter opening balances for the Masterfiles. Some examples are: