1. Backup - The procedure for copying the system data files onto floppy diskette or streaming tape. This provides a record to re- establish the system in the event of fire, theft or major system malfunction.

  2. Bad Debt-  Amounts owed to a company that is recognized, but cannot be paid. Sometimes bad debts can be deducted as an expense.

  3. Balance from Date

  4. Balance sheet- A statement that discloses the financial position of a business with a summary of the entity’s assets and liabilities. Balance sheets are usually prepared at the end of each financial year. Should include provisions for future statutory obligation such as Annual sick leave.

  5. Ballpark (Variation) - A variation on which all detail is not known. The valuation if provided is intended to be indicative (to allow alternative decision making processes and indicate final forecast cost, i.e. Rise and Fall).

  6. Ballpark Extention Days

  7. Bank (alpha) - In Muli Users are provided with up to 26 bank accounts (A-Z). Each account must have a nominated currency. Bank Z is required to exist in all companies and its nominated currency is deemed to be the system currency in which all general ledgers are deemed to exist. With all other currency the transactions are converted to base currency at time of transaction settlement. A variance provision may occur in the accounts for changes in exchange rate for balances in foreign currencies at time of producing the general ledger (month end).

  8. Bank Abbreviation

  9. Bank Account Number - The actual bank account number at the branch.

  10. Bank Guarantee - A bank guarantee is a security for the payment of money - in theory backed by the financial strength of the issuing bank - in practice the bank will probably ask for a similar amount of money to be placed on deposit with them. In the construction industry bank guarantees are generally used for security of contract performance, contract payment, in lieu of retention monies or to substitute for funds paid into court.

  11. Bankrupt- When an individual or company has greater liabilities than it does assets they can be declared bankrupt by creditors. With regards to a limited liability company, the term “insolvent”is used.

  12. Barcode

  13. Base pay sequence for Rate calculation
    This allows you to link this code to another code in the system which tells Muli to go to the other code to establish the rate at which this Sequence is to be paid. For the purpose of our example leave it blank, as the Sequence we are establishing doesn't rely on another Sequence.

  14. Batch number

  15. Bimonthly Paidto Date

  16. Broadcast Pay Advice note 226

  17. BSB - is a banking identifier, in the format of nnn-nnn where n is a digit, (short for BANK, STATE, BRANCH)

  18. Bubble help text

  19. Budget - Project budget is equal to the revised contract value including such items as project contribution. This is upgraded by variations and the current Budget Approved Contract Value.

  20. Budgeted Income - The amount allowed in the estimate. For example, when tendering on a Project, the company may have identified that they could sell some of the material from the Demolition

  21. Budget Load Status 254

  22. Business Registration Number