Page 56 - Unanet GovCon Using Billing Revenue - Participant Guide ebook

Limit Billing to Funded Value - to ensure that the customer is never billed an amount
in excess of the funded value.

Limit Revenue to Funded Value - if there is uncertainty surrounding whether additional
funding will be received, and accounting policies state not to recognize revenue on
amounts "at-risk”.
If Limit Funded Value settings are checked, during the Billing & Revenue Post,
calculated values in excess of the Funded Value (less any fixed fee, if applicable), will
be posted as a billing and/or revenue reduction, called a Funding Cap Adjustment. The
Funding Cap Adjustments can be displayed on the invoice or hidden, depending upon
the invoice format that is being used.

Note: Revenue adjustments entered via Additional Items (i.e., invoice edit screen) are excluded from the
remaining funded value and cap adjustment calculations. As a result, consider reducing your funding cap
amount by the additional item amounts.
Reports - Project Transactions*:

Navigate: Reports > Dashboard > Project Accounting > Details > Project Transactions

“What transactions (Labor, expense, fixed price, funding caps, etc.) have been charged
to my projects? Which of them were posted to journals?” This report will provide details
related to what transactions (labor, expense, fixed price, funding caps, etc.) have been
charged to a particular project, with additional details regarding which of those

transactions have been posted to the journals. *Must have the Project Viewer role

Activity 5.1 Funded Value Limits on Customer Invoice
Login as Cindy Invoice (Billing Manager) – cinvoice / welcome

Activity Steps:
a. On a separate tab, Navigate: Reports > Dashboard > Project Accounting > Details > Project
Transactions

b. Run the Project Transactions Report and Review the report Totals using the following
criteria: (keep this report opened to refresh results)

Report on: All Projects I can see
Project Organization: CUST-3-UU3
Project: LR2FV-TM-PROJ-BILLING-MGR
Date Range: 1st of Previous Month through End of Posting Month
Posted Date Range: End of Posting Month
Adjustments: Adjustments using Worked Date within range
Include Expense Reports: Using Line-Item Date within range
Reporting Options: Include unposted data (Deselect AFTER BR Posting)
Include only Locked/Extracted Timesheets

LESSON 5 INVOICE ADJUSTMENTS
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