For various application functions, NAV uses terminology more similar to accounting than to traditional data processing terminology. Here are some examples:
- Journal: A table of unposted transaction entries, each of which represents an event, an entity, or an action to be processed. There are General Journals for general accounting entries, Item Journals for changes in inventory, and so on.
- Ledger: A detailed history of posted transaction entries that have been processed. For example, General Ledger, Customer Ledger, Vendor Ledger, Item Ledger, and so on. Some ledgers have subordinate detail ledgers, typically providing a greater level of quantity and/or value detail. With minor exceptions, ledger entries cannot ...