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Sunday, June 17, 2007

Master data

Master data is a collection of information about a person or an object, e.g. a cost object,
vendor, or G/L account. For example, a vendor master record contains not only general
information such as the vendor's name and address, but also specific information, such
as payment terms and delivery instructions. Generally for end users, master data is
reference data that you will look up and use, but not create or change.

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