Page 59 - Unanet GovCon Using Billing Revenue - Participant Guide ebook

Defer and Write-off Items

Defer Items:

Deferring an item removes it from the current invoice (Invoice Total will be adjusted accordingly)
and puts it back in the “pool” of available items to be included on the next draft invoice for a
project (it does not unpost or otherwise change any journal entries). By checking the desired
line items and clicking the Defer Selected button, the designated items will be removed from the
current invoice. Once and item it deferred, it cannot be re-added it to the current draft invoice.
Note that any recognized revenue will not be reduced.
Write-off Items:

Unlike deferring an item, writing off all or a portion of an item will permanently remove that
portion from the current (or any future) invoice (Invoice Total will be adjusted accordingly). By
checking the desired line items and clicking the Write Off Selected button, the entire amount will
be written off (the Write Off Amount will be set equal to the Amount and the Billable Amount will
be set to zero).
Note that any recognized revenue will be reduced.

Invoice Amount Recalculation:

Saving changes to deferrals or write-offs will trigger a general invoice recalculation process
which has the potential to recalculate Invoice and Discount Amounts. In order to get an item
back on a current draft invoice, you would need to delete and recreate the draft invoice all
together.

LESSON 5 INVOICE ADJUSTMENTS
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