This is the international firm that Copper uses for payroll processing.
What is ADP (Automatic Data Processing)?
100
This department processes and pays invoices for amounts owed to vendors.
Who is Accounts Payable? (A/P)
100
This represents one month for financial reporting purposes. At Powdr/Copper it does not line up with a calendar month, but instead is exactly 4 or 5 weeks long.
What is a Fiscal Month? (or Fiscal Period)
100
This term represents money or inflows brought in from selling products and services.
What is Revenue?
200
This represents June first through today, and is abbreviated as “YTD.”
What is Year to Date?
200
This is Powdr’s accounting software system. This system is the final and official record keeper of the resorts financial results.
What is Great Plains?
200
This department is responsible for invoicing and collecting revenue earned by the resort, but not yet paid by the customer.
Who is Accounts Receivable? (A/R)
200
This is a financial statement that documents the revenues and costs of a business over a specified period of time. Copper reviews these statements once a month and different levels of management review the statements for the entire resort, division or individual departments.
What is a Profit & Loss (P&L) Statement?
(Also accept 'Income Statement')
200
The system Copper uses for lodging operations, including modules for fulfilling lodging reservations and maintaining homeowner records.
What is Visual One or V1?
300
This is the term for a common financial metric that represents the money brought in per guest; it is often times abbreviated as RPV.
What is revenue per visit?
300
This web based system is where Purchase Orders are created, approved, processed and items are received. It is also the system managers can use to request items from the warehouse.
What is Work Place Requisition? (WP Req.)
300
This department audits location closing reports and cash receipts, runs the cash cage, reconciles credit cards processing, and creates the RaLr report.
Who is Revenue Accounting?
300
This daily report is distributed on Copperlink to show daily, weekly, monthly, and season to date revenue & labor for each department at Copper.
What is the RaLr (Revenue and Labor) Report?
300
This is the term used when moving a charge from one account to another via a journal entry.
What is a Reclass?
400
Often abbreviated as STPY, this is a common way to compare the current financial results against last year.
What is same time prior year?
400
This is the point of sale system used at Copper's Food & Beverage outlets.
What is Micros?
400
This department prepares statements, payments and charges for homeowners that are on Copper’s rental program.
Who is Lodging (or Homeowner) Accounting?
400
This financial statement lists the assets, liabilities and equity of a company.
What is a Balance Sheet?
400
This is a document from a vendor that requests payment for goods or services provided. It will usually include the quantity, price, date, amount dues and a unique document number.
What is an Invoice?
500
Often referred to as a “PO” this is authorization to order goods or services at a specified price and quantity.
What is a purchase order?
500
This is Copper’s point of sale software for tickets, ski school, Woodward, tubing, rental and retail.
What is RTP?
500
This is the location of the Powdr Corporate Accounting Department.
What is Park City, Utah?
500
The amount of profit realized from a business's operations after taking out operating expenses.
What is operating income?
500
The process of projecting future financial results. Copper management performs this process once a month in order to help guide operational decision making.