Site icon Muli – Construction Accounting and Project Management Software

General Ledger

The Muli General Ledger framework is a Simple Accrual System allowing for complex company GL structures up to 35 separate legal entities (1-9, A-Z). Each legal entity can have up to 25 profit centres (A-Y) (Z reserved for General Ledger which in Muli is a separate project each year allowing posting to a number of financial years during year end finalisation.).

Each profit centre may have P&L each year. All transactions are kept for at least the life of a project. Our first client has all transactions from day one in 1983. Completed projects are excluded from presentation in major reports but able to be searched providing a wealth of history.

Set of Accounts

Muli provides detailed management accounts that include:

  • Profit and Loss
  • Balance sheet
  • IFRS Projects Report- identified work in progress assets and work in progress liability
  • Aged Account Payable
  • Aged Account Receivable
  • Bank Reconciliation

While most companies will consolidate the detailed management reports for corporate reporting, our goal is for the companies professional management to understand the accounts, how they come together and verify the values and hence do a better job!

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