Page 58 - Unanet GovCon Using Billing Revenue - Participant Guide ebook

STEP 2 Add the Invoice

Navigate: Financials > Invoicing & Posting > Add Invoice
Enter the following criteria then Select List tab:

Legal Entity: MYCO
Project Organization: CUST-3-UU3
Project: LR2FV-TM-PROJ-BILLING-MGR
st
Billing Period From Date: 1 of Previous Month
Through Date: End of Posting Month
Invoice Date: End of Posting Month
Post Date: End of Posting Month
Fiscal Period: Posting Period
STEP 3 Generate the Invoice (then click List button)

REFRESH report and UPDATE results AFTER Generate the Invoice

f. Answer the following Questions:

QUESTION ANSWER

1) Do you foresee a possible issue? If so, what?

2) What are some possible solutions?

g. On a separate tab, Navigate to Contracts > Project menu and Search for this
project (CUST-3-UU3 LR2FV-TM-PROJ-BILLING-MGR). View (with magnifying
glass) the Project’s Accounting configuration for Funded Value Limits to answer the
following Question:

QUESTION ANSWER

3) Is there a check mark selection on:
• Limit Billing to Funded Value (less fixed fee) yes or no

• Limit Revenue to Funded Value (less fixed fee) yes or no

h. Close the Project window tab, if desired and Return to the Generated Invoice
window tab for the next Activity

LESSON 5 INVOICE ADJUSTMENTS
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