Page 44 - Unanet GovCon Using Billing Revenue - Participant Guide ebook

Activity 4.3 Follow Billing & Revenue for Cost Plus Contract
Login as Cindy Invoice (Billing Manager) – cinvoice / welcome

Activity Steps:

a. On a separate tab, Run the Billing & Revenue Summary Report with the following
criteria:

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

b. After EACH STEP in the billing process, REFRESH the Billing & Revenue
Summary Report and UPDATE the table below with the results in each column

COST PLUS 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: CP-PROJECT-BILLING-MGR
Include Actuals Through: End of Posting Month
Post Date: End of Posting Month
Fiscal Period: Posting Period

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

LESSON 4 REVENUE RECOGNITION
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