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Definition of: master file. master file. Acollection of records pertaining to one of the main subjects of aninformation system, such as customers, employees, products andvendors. Master files contain descriptive data, such as nameand address, as well as summary information, such as amount due andyear-to-date sales
Beside this, what is master and transaction file?
A collection of transaction records. The data intransaction files is used to update the master files,which contain the data about the subjects of the organization(customers, employees, vendors, etc.). See master file forexamples of typical master records.
Hereof, what is the difference between master and transaction files?
Master file: contains records of permanent datatypes.master files are created at the time when you installyopur business. Transaction file: contains data which isused to update the records of master file for exampleaddress of the costumer etc.
Payroll Master File: Payroll master fileis generally a computer file for recording eachpayroll transaction for every employee. It also maintainsthe total employee wages paid and other related inforview the fullanswer.