Page 47 - Unanet GovCon Using Billing Revenue - Participant Guide ebook

Activity 4.4 Set up Fixed Price Item Schedule on Project
Login as Cindy Invoice (Billing Manager) – cinvoice / welcome

Activity Steps:

a. Configure the following project for invoicing and add a Fixed Price Billing
Schedule:

• Navigate to Contract > Project > List and Search for CUST-3-UU3 FP Project
Billing Mgr

• Edit Project (pencil icon) > Billing >
o Select Invoice Setup and Select GENERATE UNANET INVOICE box then
Save

o Select Fixed Price and Click +Fixed Price Billing Schedule to add a Fixed
Price Billing Schedule for CUST-3-UU3 FP-PROJECT-BILLING-MGR

o Enter the following information:

Task: No Task
Description: Monthly Maintenance
Bill Date: 1st of Posting Month
Bill Amount: 60,000
Revenue Recognition Method When Billed
Split into Periods: Calendar Months / 24 / Middle of Period

• Click Generate Schedule and Save

b. On a separate tab, Navigate to Reports > Dashboard > Project Accounting > Details
> Fixed Price Details

c. Run the Fixed Price Details Report with the following criteria:

Report on: All Projects I can see
Project Organization: CUST-3-UU3
Project: FP-PROJECT-BILLING-MGR
Fixed Price Bill Date: Date Range of Posting Month
Reporting Options: Select – Show Billings and Show Revenue

d. View the results to confirm the Project’s Fixed Price Billing Schedule is properly
setup and shows 1 month is available to bill

e. Keep this report open to refresh during the next activity

LESSON 4 REVENUE RECOGNITION
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