1. IAS - An abbreviation for “International Accounting Standard.”

  2. Identity Card # - This facility exists for overseas countries, however we have provided for Australia when it comes!

  3. Impact 208

  4. Impairment: A reduction in the carrying value of an asset that has exceeded its depreciation period.

  5. IFRS Chart of Account - The company IFRS chart of accounts is basically a filing system for categorizing all of a company’s accounts and classifying all transactions according to the accounts they affect.

  6. Incl. Extn of Time/Risk - The time in days impacts on completion of the project due to the Risk activity. Need Risk2Do to be created with extension of time.

  7. Incl. in Amendments/Risk - The amendment to the order includes costs associated with the Risk item.

  8. Income - The money a business receives for its commercial activities.

  9. Incoming # - Each incoming document is given a Muli system number issued in sequential order starting the 00000001.

  10. Incoming 3 Buttons

  11. Incoming Register

    The Muli Incoming Register includes provision for monitoring and applying electronic document transfer for approval and workflow management and includes provision for incoming:

    • Unapproved Invoices
    • Upgrading Progress Claims
    • Incoming Correspondence
    • Incoming Facsimiles
    • Phone Call Management

    Options exist to monitor progress and ensure all incoming items are properly dealt with.

  12. Income Statement- A financial statement that summarizes revenue, expenses and profit. Also known as a profit and loss account.

  13. Incorporation- The date in which a business is legally established.

  14. Identifier from Bank

  15. Individual Protect Authorisation

  16. Insurance (N)

  17. Interest: A payment to the lender of money. Usually calculated by percentage.

  18. Internal - Refers to use within the system, whereas external refers to reports and documents meant for use by clients, suppliers, etc.

  19. Inventory: The supply of stock or goods that a business has for sale.

  20. Inventory Obsolescence- Inventory that can no longer be sold. For example, clothing that has gone out of fashion or too much stock.

  21. Inventory Shrinkage-  When there is a reduction of stock from reasons other than selling, such as Damage and theft.

  22. Investment- The purchase of products or services that could increase profit.

  23. Investors- People or businesses who have invested money into a business for a share of ownership.

  24. Invoice # - The Invoice number shown on the document

  25. Invoice Construction Project - When a project is defined in this manner, the project contribution is automatically calculated based on the excess of AR invoice - Approved for payment + (Accrued) can be used for traditional types of business.

  26. Invoice Date (AP) - The date the Supplier put on the invoice. Note: where a Supplier has backdated an invoice and the accounting period has been closed for invoicing (ie: particularly if year-end accounts have been completed), THEN the invoice date will have to be in the open period range and the Supplier's date may be added to the description.

  27. Invoice Gross - The total cost of the invoice including GST, but excluding retention.

  28. Invoice Net - The value of the invoice applied to the project/order, excluding GST.

  29. Invoice Scope (Note 280) (AR)

  30. Invoice(d) Value(s) - The value of goods and/or services that have been billed to a customer (including progress claims).

  31. Item Manager Who/Risk - Who may be a RPC or Organisation who is responsible to ensure the Risk2Do item is completed. Does not have to be the doer, but supervision of the doer.