- Wages – Payments made to employees for their services. Wages are classified as business expenses.
- Weekly Paidto Date
- WBS (Work Breakdown Structure) – The ability to define a client view of the project that may not relate to the trade/process view of the project used for project management and then list items to the WBS to give a client view reporting. (This is not included in the initial Version N release).
- Window Manager – Muli utilise metacity running on Gnome using GTK + graphical widget toolkit to create the user interface. See also x2go.
- Withholding Rate – The actual tax rate to be applied (If the Tax is re-intoduced into Australia)
- Withholding Tax (AP) – Everyone thought Withholding Tax was to be abolished when GST was introduced, but it is creeping back, so provision is made to deduct a Withholding Tax amount that, like GST, forms part of your BAS return.If applicable for the subcontractor, the tax is usually calculated on the net invoice value, excluding GST and the value applied using the Withholding Rate as established in Supplier Maintenance [2.1 /28/6]
- Who – Could be either a responsible person code or an external organisation code.
- Who Doer
- Working Capital – The excess of current assets minus current liabilities. In most circumstances working capital is defined as the cash, accounts receivable and stock, minus the accounts payable. As a business grows the need for more working capital is, therefore, increased.
- Work Breakdown Code (not active) – This is a future facility to provide an alternate breakdown structure.
- Work Classification Code 508
- Work Order Management Software
Work order management system – is a software solution typically used by service organisations or service divisions of large companies. It is not targeted at projects or the construction industry but rather it is intended for asset maintenance. The system should schedule jobs, assign personnel, reserve materials and record costs. It can have preventative maintenance and emergency repair modes of operation.
Who Needs Work Order Management Software?
Businesspeople looking at Work Order Management Software may actually require construction accounting software, especially if they are involved with projects.
Work Order Management Software is actually targeted at other industries, typically field service and equipment maintenance. It covers similar elements – jobs, time allocated, people assigned, material issued and billing details, but there are some major differences.Escallation Management
Work Order Management Software highlights non-project based features such as Escalation Management so that priorities can be reassigned when pre-defined elapsed time limits have passed without appropriate responses from field staff. Even the assignment of work may involve a sophisticated allocation system based on roles and responsibilities, current location and workloads.Serial Number / Warranty Tracking
Maintenance users would also require extra field for information specifying the serial number and warranty details of the equipment under contract. Finally a software based dispatch board would typically be in place so that field staff or subcontractors can be alerted to newly assigned work.Customer Field Service
These issues are based upon field service companies emphasising customer service. A construction company by comparison has fewer clients but higher value contracts with projects extending over a longer time – not jobs that take 2 hours, but projects that last 2 years.Special Needs of Construction Industry
On the other hand there are special requirements that the construction industry requires, such as withholding part of the payments to subcontractors (retentions), producing contract documents with specific clauses for suppliers, applying an earned value approach to profit reporting in the general ledger and managing risk. All of these are omitted from the standard Work Order Management Software systems.
- Work std 413
- Workdone RPC
- Worksheet entered by RPC – Background process that records the RPC of the individual who processed the worksheet.
- Write-down – A partial value reduction of an asset. A write-down is a non cash expense that affects profits.
- Write-off – The total value reduction of an asset. A write-off is a non cash expense that affects profits.