1. Object Date
  2. OH&S Code
  3. OH&S Code Level
  4. OHSEQ - Occupational Health, Safety, Environment & Product Quality" is the verification/review processes a company establishes to ensure that the delivered product meets client needs, company obligations and quality standards, while ensuring the Property, Public, Employee, Subcontractor and the Environment are not exposed to unreasonable preventable risks.

  5. OO - OpenOffice or LibreOffice Document
  6. Open Document no

  7. Opening Balance

  8. Operating Risk- When the cost of fixed operating costs is high and could cause a fluctuation in profits.

  9. Operational Risk Management Software - Operational Risk Management Software automates the process of identifying, measuring and monitoring operational risk. It's output is a structured risk analysis.

  10. Opportunity 405

  11. Opportunity Value/Risk - The concept of positive Risk. The following through of the Risk process should lead to a reduction in cost.

  12. Option- Buying the rights to purchase an asset for a certain period of time. For example, a business may option an asset for 6 months for 10% of the sale cost. During this time they do not own the asset; however, the company that does own it is not allowed to sell it during this period.

  13. Order - In Muli all commitments require a formal order to be raised. The order concept is used as an anchor point for financial transaction and different orders are used for specific functions.P = Purchase Order / S = Subcontract / L = Labour/Payroll Order / H = Housing Order / E = Equipment Order - initial rental of an asset.

  14. Order - Bulk - When orders are committed, they should be on a "Bulk" or Total basis, i.e. 30,000 bricks, the total project requirement, allowing for the foreman to call forward delivery as required.

  15. Order Date

  16. Order Income

  17. Order Labour

  18. Order Labour Recharge

  19. Order Package - {Will be Used in the Estimating module}

  20. Order Purchase

  21. Order (Recommended)

  22. Order Subcontract

  23. Ordinary Share- A share of a limited company that entitles owners to a share of the dividend. Ordinary shares usually carry the highest risk, but offer the biggest rewards.

  24. Organisation AAA### The code of the Organisation for whom the work s being done.

  25. Organisation
    A company, firm, enterprise or association, or other legal entity or part thereof, whether incorporated or not, public or private, that has its own function(s) and administration. The Alpha numeric code used to associate a  identify with whom we do business.

    There is not a single set of rules that will work in all situations but a series of logical processes that will make organisation codes work for you.

    The Organisation code should relate to the company as it is generally known  (Trading Name) rather than the Legal Entity \name if you have both.

    • Group companies should start with a '*' as in stage 2 of the upgrade we will enable exclusion of intergroup transactions from the General ledger accounts

    • Much accounting is tracking down and managing transactions by logically grouping companies the tracking and managing of accounts is much easier.

    • Codes may be [A-Z] [1-9] 3-6 long

      Muli recommends numbers only be used when part of the name, ie 50PLUS for 50Plus Constructions P/L.

      Where companies operate in multiple states, may set a company policy where the same suppliers (same ABN) in different states, use the same first 5-characters and use the number to represent the state, say:-

      1 =ACT, 2 =NSW, 3 =VIC, 4 =TAS, 5 =SA, 6 =NT, 7 =QLD, 8 =WA,9=Other

    • Examples:

      1. Harvey Norman each store is a franchise, own legal identity. We recommend say 'HN2GOR' ie Harvey Norman 2=NSW, GOR=Gordon. The legal name may be Blogs Nova Pty Ltd trading as Harvey Norman Gordon.

      2. Government Departments federal still have branches in each state likewise each state has a department of education. For older members will remember that all federal government vehicles number plates started with a Z so; 'Z3EDUC' Z= federal government 3= Victoria, EDUC education department. While state departments could start with a X or Y ie 'Y3EDUC' Victoria Department of Education.while NSW would be 'Y2EDUC'

      3. Boral has many devisions (That are seperate legal entities) operating on a state wide or regional basis, requiring seperate Organisation codes to be established. BOCO2S, BOCO2N  BO= Boral, CO=Concrete, 2=NSW S=Sydney N=Newcastle 'BOSC3S' = Boral Scaffolding (NSW) Sydney

      4. Likewise the legal entity would show the Real Legal Name and the Trading name would identify the operating Branch "Boral Concrete (NSW) Sydney" and rember a number of branches could  have a common ABN

      5. Bunnings Hardware provide a single Australia wide account (unless you establish regional based accounts.

  26. Organisation (Recommended)

  27. Other Amount (to GL)

  28. Other Cost Value (AP) - This field allows for management of centralised charges, such as delivery costs as Sales & Inventory will not be active until Version 3.

  29. Other Type 291

  30. Our Invoice Number

  31. Outstanding Values

  32. Overheads: The cost of running a business. Costs associated with production or sales are not included in overheads, only costs that consist of expense accounts, such as salary and rent.

  33. Overhead Project - The overheads (cost of running the Head and/or Branch Offices) are treated as a special project each year and incorporate a special Project No. XY0000 (X = profit centre/company; Y = financial year).

  34. Overhead Value Items - When referred to in Accounts Receivable, these are items that are added to the Invoice such as Withholding Tax.