Page 42 - Unanet GovCon Using Billing Revenue - Participant Guide ebook

STEP 3 Generate the Invoice (then click List button)

REFRESH report and UPDATE results AFTER Generate the Invoice

STEP 4 Review and Submit the Invoice

Select Pencil icon, Invoice Review and SUBMIT. Approvals are not used for this
project therefore the invoice is now in Approved status and can be Completed.

STEP 5 Complete the Invoice

Navigate back to Search criteria tab and Select Invoice Status - Approved then List
results. Select circle with checkmark icon to Complete (to Post) the invoice
or
Navigate back to Invoice Review and Scroll down, the SUBMIT button is now a
COMPLETE button, Press COMPLETE (to Post) the invoice

REFRESH report and UPDATE results AFTER Complete the Invoice

b. Answer the following Question:

QUESTION ANSWER

For the Billing Type TM (Time & Materials), at what
STEP of the billing process is revenue recognized?

LESSON 4 REVENUE RECOGNITION
©2022 Unanet. All rights reserved. 42