Page 63 - Unanet GovCon Using Billing Revenue - Participant Guide ebook

Check Your Understanding

1. Where is the setting found to limit the Billing or Revenue to the Funded
Value?
a) View Organization
b) View Project - Accounting
c) Edit Customer Invoice

2. What role, if any, can uncomplete an invoice?
a) Billing Manager
b) Uncomplete an invoice is not an option
c) System Administrator

3. How does Voiding customer invoices leave an audit trail?
a) The original invoice (that is voided) is removed from the system and
replaced with the new voiding invoice
b) By creating an additional new invoice that contains the negative value
of the original invoice
c) Voiding does not leave an audit trail

4. What extension is automatically added to the end of a voiding invoice?
a) REV
b) VOID
c) X

5. What Project setting is made to align with Accounting policy which state
not to recognize "at-risk” revenue if there is uncertainty surrounding
whether additional funding will be received for the project?
a) Limit Billing to Funded Value
b) Limit Revenue to Funded Value
c) Billing Invoice Setup

6. Saving changes to deferrals or write-offs will trigger a general invoice
recalculation process which has the potential to recalculate Invoice and
Discount Amounts. If done in error, how do you return an item back to the
draft invoice?
a) Delete and recreate the Draft invoice
b) Void the Draft invoice
c) You cannot edit an invoice while it is in Draft status

Refer to Appendix A for answers to the Check Your Understanding questions

LESSON 5 INVOICE ADJUSTMENTS
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