8.9.2 Company Profit Centre Structure (08810m)

Before proceeding, ensure that the required Banks have been set up (8.12.5).

Muli Company Structure [1-9, A-Z]

Muli provides for up to 35 companies, each of which may have up to 26 Profit Centres [A-Z].

There are two items that need to be maintained:-

1. The company (which automatically maintains the Overhead/General Ledger) Profit Centre Z.
2. Any other Profit Centres required by a company. We would expect to see at least one operating Profit Centre.

A few rules, the Overheads/General Ledger are only in Profit Centre 'Z' with the next 2-digits being the financial year-end ie: For Company A, Project AZ12000 = Overheads and General Ledger for 1 July 11 to 30 June 12.

1. Company
2. Full Legal Name
3. Short Company Name
4. Country Code 222
5. Currency 223
6. ABN
7. Business Registration Number
8. Tax File Number
9. Default Bank alpha - see Bank alpha
10. Direct Deposit allowed? - Yes/No
11. The Lodgement Reference is used when creating direct deposits. It is used as an indicator of the origin of the entry. This field is used by Financial Institutions for statement narrative. It is the detail that is printed on the bank statement of the account that is receiving the money.
12. Allow to do Payroll - Yes/No
13. Lodgement Reference for Payroll
14. Start Date
15. End Date
16. GST Collection-207
17. Payroll Collection-207
18. Reporting Frequency-207
19. Add New Profit Centre
20. View Full Group Structure