I

IAS - An abbreviation for “International Accounting Standard.”

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

Impact 208

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

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.

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.

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

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

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

Incoming 3 Buttons

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.

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

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

Identifier from Bank

Individual Protect Authorisation

Insurance (N)

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

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

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

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

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

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

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

Invoice # - The Invoice number shown on the document

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.

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.

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

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

Invoice Scope (Note 280) (AR)

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

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.