Muli Codes:   A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W-Z
  1. Calendar 451
  2. Calendar Year
  3. Calendar Month
  4. Capital – Money invested by business owners in order to acquire assets and begin operation.
  5. Capital Allowances – To claim for depreciation against profits, ATO provide a proportion of fixed assets to be claimed before the tax bill is calculated. This is usually a certain percentage of their value.
  6. Capital Gains Tax – When a fixed price asset is sold for a profit, the profit may be subject to capital gains tax; however, when determining the final amount, allowances, inflation and other aspects relating to the age of the asset must be taken into account.
  7. Cash Accounting – An accounting method where only paid invoices and received cash are accounted for. It is not used by Muli.
  8. Cash Flow – The amount of money that is generated by the business throughout a specific accounting period. The detailed analysis of income and expenditure to predict future and analyse the past. In project Businesses usually refers to the total value of cash available/used by a project.
  9. Cash Flow Forecast – The predicted cash flow of an upcoming financial period.
  10. Charge Amount
  11. Charge Out Type507
  12. Chart of Accounts (Allocations) – A list of all of the accounts that are held in which business transactions are classified and recorded.
  13. Cheque Number
  14. Cheque Printer
  15. CIF (Cost, Insurance and Flight) – A contract for the sale of international goods when the seller agrees to pay the shipping, insurance and freight charges before the item is delivered. Once in the hands of the buyer the seller is no longer liable for damages.
  16. Circulating Assets – Assets that turn from cash to goods, and then back to cash again. Examples include purchasing materials to build a product; manufacturing the product (which results in stock); and selling the stock for cash.
  17. Claim Date
  18. Claim Number
  19. Claim Ref
  20. Client Org / Customer
  21. Client Reference /Customer Reference
  22. Client Sector
  23. Client to verify  rpc
  24. Closing the Books – A term used to describe making the final entries, and balancing the profit and loss account at the end of the financial year.
  25. Code – In Muli, classification of activities and processes.
  26. Code Description – A description of what is the code for.
  27. Code Status_c –
  28. Code Type –
  29. Committed Value – The value (excluding VAT/ GST) that a Order or subcontract is to be let for. It is equal to the total of the committed value of the order & any amendments. It is what you are expected to pay or if it is an Income Order, it is the total of what we expect to receive.
  30. Company – In Muli the first character of the project represents the company, Each Company is a seperate legal entity, with its own set of general ledger accounts.
  31. Company Division
  32. Company Name – The Full legal Name of the company (or Individual)
  33. Company/Profit Centre Access
  34. Complementary Project – When a contract is based on Do & Charge or Construction Management basis, then to effectively manage the majority of these types of contracts within Muli, TWO (2) projects need to be established.The first project is the real Client project which will receive income and pay all subcontractor and suppliers under the “COST” part of the contract. Invariably these contracts involve the Builder providing some services for a given amount with labour or equipment to be charged at agreed rates. In other cases, agreed preliminaries are an agreed Lump Sum with Risk transferred to the builder.This requires the builder to invoice the client project each period for agreed services provided in the period and likewise pay for services and labour at cost, along with claiming the management fees due under the contract.Thus the client project will break even, Income = Expense.The complementary project will have no allocation 1000 income and the difference between (Margin & Recovered Costs) (–) complementary project expenses = project contribution from both the jobsObviously the main project is fully auditable by the client or his representative while the complementary project will isolate the builder’s income position.
  35. Compensating Error – A mistake that has been cancelled out by another mistake.
  36. Compound Interest – When interest is applied to capital and accrued up until that particular date. For example, a $1,000 loan with 20% interest will have a balance of $1,200 after the first year, then $1,440 at the end of the second year.
  37. Completion of Activity 421
  38. Consequence – The outcome of an event expressed qualitatively or quantitatively, being a loss, injury, disadvantage or gain. There may be a range of possible outcomes associated with an event.
  39. Consequence 403
  40. Consequences & Likelihood – Wherever possible, the confidence placed on estimates of levels of risk should be included.
  41. Consolidated Financial Statement – Combined financial statements of a parent company and all of its subsidiaries.
  42. Consolidation – Combining assets, liabilities, equity and operating accounts into one single parent company and financial statement.
  43. Contract Amount
  44. Contract Finish Date – The date when the contract is due to finish under the terms of the contract.
  45. Contract Serial # – Historically when you purchased paper copies of contract numbers they had a unique serial number for each copy this concept seldom used today.
  46. Contract Signed – Y/N Among other things, this flag is used to determine the number of active projects for calculation of the Home Owner Warranty Insurance.
  47. Contract Start Date – The date on which the contract is due to start, The day on which you obtain site access and contractual duration commences.
  48. Contract Type [Code xxx]   1# – Type of contract, although a different description may be used to Muli, to determine if the Accounts Receivable Progress Claim format is Lump Sum or Cost Based.
  49. Contribution (Gross) – The $ value of the difference between the projected project income and the project cost.
  50. Contribution (Earned) – The $ value of the contribution earned is a proportion of the Gross Contribution based on the percentage completed.
  51. Correspondence
  52. Core Interface is the concept of enabling a payroll ( or equipment ) charge out to complete the General Ledger transaction associated with a payrun. Normally the Labour Order is entered directly into the timesheet for project costs, however with Overheads the Labour Orders change every year so we set up ‘a Core Interface’ that creates the Labour Orders in the General Ledger where the balancing journals are to be posted ie super payments, payee cash, provision for long service leave etc. Therefore the Core Interface is the set of Labour Orders for that financial year. The Core Interface creation process streamlines the annual setup of the Labour Orders required for a payrun to complete all the transactions required for a balanced payrun. Payroll, itself, does not pay anyone. It simply debits projects and credits various payment accounts in the General Ledger.
  53. Cost Centre – When companies group projects by business unit/geographical areas.
  54. Cost Into Project Review 420
  55. Cost Of activities – Both direct and indirect, involving any negative impact, including money, time, labour, disruption, good will, political and intangible losses.
  56. Cost Plus (Contract) – Where the end value of the contract is based on actual cost rather than a fixed contract value (may also include a fixed or variable overhead or variable cost).Cost Based contracts are used in Construction Management. Most of the projects have a fixed price component i.e. management fees, fixed preliminaries, even use of builders equipment at agreed rates or agreed costs + an agreed administration charge and  profit margin. So all costs allocated to the cost based project are subject to verification by the client. Cost based projects make no profit contribution in their own right, project contribution emerges through the Complimentary project.
  57. Country Code 222
  58. Create Date
  59. Creative Accounting – A questionable way of making the accounts appear more or less appealing to Senior Management and Shareholders than they actually are.
  60. Credit – Bookkeeping credit represents decreasing an asset or expense account or increasing capital or liability.
    Business credit is when a supplier agrees to allow the buyer to pay after (typically 30 to 60 days) receiving the goods.
  61. Credit Note – A document that is sent to a customer which cancel’s their debt. Usually issued for returned defective goods or poor service.
  62. Creditors (Account Payable) – Suppliers that a business owes money to. See “Accounts Payable” Name not used in system.
  63. Credit Adjustment Amount (AP) – Excludes GST which is added on at the applicable rate. This field first occurs in the Unapproved Invoice approval process. If an approver believes they have been over-invoiced by a supplier, then the value that has been over-invoiced is called the Credit Adjustment Value. This value is also displayed in Invoice Entry and is processed as a -ve approval, thus only authorising the net value for payment.
  64. Credit Adjustement Note 305
  65. Credit Limit
  66. Credit Order – The “C” type order used within the system to monitor Accounts Receivable transactions if located in Allocation 1000 then considered a component of Project Income – anywhere else, an offset of cost.
  67. Credit Terms 324
  68. Currency 223
  69. Currency Management – With Version N Muli introduced the ability to process multiple currencies. When a system is set up, Bank Z is established as a default bank used for all inter-company transactions and journals. The currency applied to Bank Z is considered the system-wide currency used for ALL company accounting and general ledger reports. Individual orders may be raised nominating a different currency, ie Euro (provided the currency has been authorised using a nominated bank account in that currency), then the committed value on the order is expressed in the nominated currency. The issue with foreign currency is what factor is applicable to calculate a future transactions, noting payables & receivables may use differing conversion values. We really only know the real impact when the payment is finally converted back to local currency.Muli maintains a Fx file containing:-
    1. Currency
    2. Transaction type auto from real accounting transactions or manual record
    3. Date
    4. Time
    5. Payable factor
    6. Receivable factor
    7. Payable value (only if real transactions)
    8. Receivable value (only if real transactions)

    But still guessing game. Exchange Rates can vary extensively over time. As part of the Trial Balance preparation where foreign currencies are in use, settlement factors will need to be confirmed and emerging gains or losses on foreign currency account factored into the general led – Fx (A-Z) provided in Balance Sheet Fx (A-Z) provision in Profit & Loss.

    When an order is raised with a given exchange rate provision, a Risk2Do item is created as soon as an exchange rate variation actually occurs or expected variance value on settlement exceeds $100. The Risk2Do for exchange rate is verified each time a cost report is created. (Should the reviewer change the rates, then it is recorded in the tranlog.

  70. Current Assets – Assets than can be turned into cash quickly. Examples include money in the bank, money owed, petty cash, raw materials and stock.
  71. Current Cost Accounting – When the valuation of assets are calculated at their current market value as opposed to their historical value.
  72. Current Liabilities – Obligations that must be settled within a year or are essential to the day-to-day operation of a business. Examples include bank overdrafts, short-term loans and credit owed to suppliers.
  73. Customers’ Collection Period: The average amount of time it takes for a company to pay off purchases.
  74. Customer Access
  75. Customer Organisation
  76. Customer RPC
  77. Customer SM – Customer sub-menu is part of the external organisation’s menu to manage data relating to the management of an organisation as a customer.
  78. Cut-off Date
  79. Cut-off Procedure – Processes that ensure any transactions for particular accounting period are isolated and recorded, and transactions that are not relevant excluded.