Page 50 - Unanet GovCon Using Billing Revenue - Participant Guide ebook
P. 50

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



               c.  Answer the following Question:

                   QUESTION                                                         ANSWER

                 For the Billing Type FP (Fixed Price) in this specific Activity
                 (when revenue recognition is set to be When Billed), at what
                 STEP of the billing process is revenue recognized?


               d.  Refresh the Fixed Price Details Report to confirm results















































               LESSON 4 REVENUE RECOGNITION
                                                                                  ©2022 Unanet. All rights reserved.   50
   45   46   47   48   49   50   51   52   53   54   55