Page 41 - Unanet GovCon Using Billing Revenue - Participant Guide ebook

Activity 4.2 Follow Billing & Revenue for Time & Materials Contract
Login as Cindy Invoice (Billing Manager) – cinvoice / welcome

Activity Steps:
a. After EACH STEP in the billing process, REFRESH the Billing & Revenue
Summary Report (from previous activity) and UPDATE the table below with the
results in each column:
TM BILLINGS REVENUE
Billing Type Unbilled Draft Billed Deferred Draft Recognized

STEP 1
STEP 2
STEP 3

STEP 4
STEP 5

STEP 1 Perform the Billing & Revenue Post

Navigate: Financials > Invoicing & Posting > Billing & Revenue Post
Enter the following criteria then Select List tab:

Legal Entity: MYCO
Project Organization: CUST-3-UU3
Project: T&M-02-PROJ-BILLING-MGR
Include Actuals Through: End of Posting Month
Post Date/Fiscal Period: End of Posting Month/Posting Period

REFRESH report and UPDATE results AFTER Perform the B&R Post

STEP 2 Add the Invoice

Navigate: Financials > Invoicing & Posting > Add Invoice
Enter the following criteria then Select List tab:

Legal Entity: MYCO
Project Organization: CUST-3-UU3
Project: T&M-02-PROJ-BILLING-MGR
Billing Period from Date 1 of Posting Month
st
Through Date: End of Posting Month
Invoice Date: End of Posting Month
Post Date/Fiscal Period: End of Posting Month/Posting Period

REFRESH report and UPDATE results AFTER Add the Invoice

ARE THERE ANY CHANGES TO THE BILLING & REVENUE SUMMARY REPORT? YES / NO

LESSON 4 REVENUE RECOGNITION
©2022 Unanet. All rights reserved. 41