Master files contain descriptive data, such as name and address, as well as summary information, such as amount due and year-to-date sales. Contrast with transaction file. See master data management.

(1) The periodic updating of master files such as adding and deleting employees and customers, making address changes and updating product prices. File maintenance does not refer to daily ...

Any restructuring transactions, acquisitions and divestitures occurring during the fiscal year should be documented in the master file. The MNE usually have a central in-house R&D department which ...

File-oriented and transaction-oriented storage systems use digital technology, including computers and local area networks, to store information for businesses across the country.