Glossary

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B

Base Building

A template for new buildings created in StrataMax.

Body Corporate

Applies to Queensland, this is the name for the collective group of owners.

C

Creditor

A creditor is a contractor or supplier which the body corporate or owners corporation pays money to.

Creditor Invoices

Invoices entered to pay suppliers and contractors.

E

Ellipsis

The button with the three dots.

M

Master Chart building

The Master Chart building is the building where the master chart of general ledger accounts exist.

Mode

The mode of a set of data values is the value that appears most often.

O

Office Bearer

A term used in StrataMax to identify committee members.

Owners Corporation

An Owners Corporation is a collective group of owners that form part of a Strata Plan.

P

Pick List

A list of items from which an item is selected.

S

Standard Agenda Item

Frequently used Agenda Items can be set up as a Standard Agenda Item, and become a blueprint of sorts for a reusable component to be used when creating a Meeting or a Standard Meeting.

Standard Motion

A motion is an item on the agenda that requires a vote by the members, which if passed, becomes a resolution of the strata scheme or committee. Motions that are going to be used frequently can be configured as a Standard Motions, which can be inserted into Meeting and Standard Meetings.

T

Tag

The process of selecting one or more items from a list displayed in StrataMax.

U

Untag

The process of deselecting one or more items from a list displayed in StrataMax.