variance

the difference between an expected or forecasted value, and the actual value

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VAT calculated on VAT

value added tax (VAT) is a tax levied on the sale of goods or services. An example of calculating a VAT on a VAT is when a state or provincial tax is calculated after the federal tax is added to the amount

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vehicle capacity

the amount of product that can be transported. Usually refers to trucks

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vendor currency

the type of currency a supplier uses when issuing transactions

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vendor managed inventory replenishment

a system that allows the co-management of inventory by both customers as well as the supplier

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very large database

definitions vary, however it can be considered a database that is over 100 gigabytes

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void

a status that is used to designate a transaction line or an entire transaction that was reversed as part of a voided tendered transaction. Also used to designate a transaction line that was reversed after the transaction was made.

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voucher

a document that authorizes payment for a service performed, or goods received/exchanged

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