Page 37 - Unanet GovCon Using Billing Revenue - Participant Guide ebook

LESSON 4 REVENUE RECOGNITION

Learning Objectives

• Analyze revenue recognition for each billable contract type
• Time & Materials (TM)
• Cost Plus (CP)
• Fixed Price (FP)
• Determine which Billing & Revenue reports to use to ensure accurate transaction
processing
• Billing & Revenue Summary
• Fixed Price Details

Introduction

The combination of Project Types and Billing Types (contract) determines the resulting
impact to Customer Invoices and Revenue in the General Ledger. In this lesson, we will
analyze the billing process to determine at what step revenue is recognized (amount
being posted and shown in the General Ledger).

Lesson 4 Overview Video (for SDL only)

Project Type & Billings Type

Project Types:

Project Type determines whether or not something is billable. Each project within
Unanet will have a default project type associated with it. The Project types available in
your system are defined by the System Administrator.

The Project Type may classify projects into categories such as Billable, Non-Billable,
Internal or Administrative (the default). Project Type is a key reporting field and may be
used to categorize different types of projects.

The key attribute of a project type is the Billable indicator. This indicator is used to
determine whether amounts charged to a project should be passed along and invoiced
to the Customer.

LESSON 4 REVENUE RECOGNITION
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