ERP Glossary

ERP Terms for Philippine Developers, Lenders, and Agribusiness

Plain definitions of the terms behind real estate, financing, facilities, agriculture, and Philippine tax operations.

Amortization Schedule

A list of each payment due on a loan or installment contract, showing interest, principal, and the remaining balance.

Dimensions for Financing

Asset Hierarchy

A parent-child structure, such as a building, its chiller, and the chiller's compressor, so cost and maintenance history roll up correctly.

Dimensions for Facilities and Assets

ATC (Alphanumeric Tax Code)

The BIR code that identifies a specific tax type and rate. Default ATCs on customer and vendor profiles apply the right tax automatically.

Philippine Taxation

Co-Maker

A person who signs a loan with the borrower and becomes liable for repayment if the borrower defaults.

Credit Investigation

Contract Grower

A farmer who raises livestock or crops under contract with an integrator that supplies inputs and buys the output.

Dimensions for Agriculture

IFRS 16

The international lease accounting standard. Lessees recognize most leases as a right-of-use asset and a lease liability. The Philippine equivalent is PFRS 16.

Dimensions for Facilities and Assets

Percentage Rent

Rent computed as a percentage of a tenant's gross sales, often on top of a base rent. Common in mall leases.

Dimensions for Facilities and Assets

Post-Dated Check (PDC)

A check dated for a future date that cannot be deposited before it. Often issued in a series to cover installment payments.

Post-Dated Check Management

RFO (Ready for Occupancy)

A completed property ready for the buyer to move in, as opposed to a pre-selling unit still under construction.

Dimensions for Real Estate Developers

ROPOA

Real and Other Properties Acquired: assets a lender acquires through foreclosure or repossession in settlement of loans.

Dimensions for Financing

SAWT

Summary Alphalist of Withholding Taxes: lists taxes customers withheld from a business, attached to income tax returns to claim them as credits.

Philippine Taxation

Statement of Account (SOA)

A summary of a customer's charges, payments, surcharges, and outstanding balance for a period.

Dimensions for Real Estate Developers

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