Page 40 - Unanet GovCon Using Billing Revenue - Participant Guide ebook
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Time & Materials:

               Revenue is Recognized at the time of the Billing & Revenue Post.

               What is included?
                   •  T&M Labor from timesheets = Billable hours worked * Bill Rate
                   •  T&M Expenses from expense reports = Billable expenses (may include markups)


                     Activity 4.1 Run Billing & Revenue Summary Report
                     Login as Cindy Invoice (Billing Manager) – cinvoice / welcome

               Activity Steps:
               a.  On a separate tab, Navigate to Reports > Dashboard > Project Accounting >
                   Summary > Billing & Revenue Summary

               b.  Run the Billing & Revenue Summary Report with the following criteria:

                          Report on:                  All Projects I can see
                          Project Organization:       CUST-3-UU3
                          Project:                    T&M-02-PROJ-BILLING-MGR
                                                      End of Posting Month
                          Journal Date Through:
                          Column Options:             Select – Show Billings and Show Revenue

               RESULTS BEFORE ANY Class Activity (no B&R post / no invoice)


















               c.  Confirm the results (Keep this report open to REFRESH in the next Activity)

               d.  Use the footnote on the Billing & Revenue Summary Report to answer what each
                   column represents:

                                    BILLINGS                                    REVENUE

                          Unbilled       Draft        Billed        Deferred        Draft      Recognized










               LESSON 4 REVENUE RECOGNITION
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