7.3 Project Accrual Entry (07030m)

This will be delivered in release N2

Within Muli there are 2 Accrual processes to allow users to modify the actual accounting values to reflect a more meaningful position.

The Project Accounts Payable Accrual allows the entry of values against orders for work done but not yet processed through Accounts Payable. Ie If a large concrete pour (or expensive item of equipment delivery) occurred on the day before the Progress Claim is processed, the project team may enter the values of the “work done but not Invoiced”

Thus when the Head Contract claim is processed using Approved + Accrued option for value of work the combined value is displayed and hopefully you will receive the Payment in time to meet your payment obligations, and in the short term increase your liquidity.
Muli also has [8.9.9] Standing Accrual Maintenance to allow the adjustment of actual payments over the year. This is only available to general ledger accounts and is offset to the lettered account Project Prepayments. A single setup will be applied to 12 or less periods. A extra TB value will exist for each allocation allowing presentation of the combined value.