Page 64 - Unanet GovCon Using Billing Revenue - Participant Guide ebook

APPENDIX A: CHECK YOUR UNDERSTANDING

ANSWER KEY

Lesson 1: BILLING PROCESS OVERVIEW

1. What are the main areas of responsibility in the Billing Process for the role
of the Billing Manager?
a) Billing & Revenue Post, Add Invoice, Complete Invoice, and
Accounts Receivable Aging - This is the correct answer because all
four areas listed are the main areas of responsibility in the Billing
Process for the role of the Billing Manager
b) Approving Timesheets, Billing & Revenue Post, and Add Invoice - This
is an incorrect answer because Billing Manager role does not approve
timesheets
c) Billing & Revenue Post and Accounts Receivable Aging - This is an
incorrect answer because it doesn’t include Add Invoice, Complete
Invoice

2. What Unanet procedure involves the collecting of data and information
needed to create and issue invoices to customers?
a) Collections for past due payments - This is an incorrect answer
because payment collections is handled by Accounts Receivable and
not a part of referenced procedure
b) Billing process - This is the correct answer because the Billing
process represents procedure involves the collecting of data and
information needed to create and issue invoices to customers
c) Vendor payments - This is an incorrect answer because Vendor
payment is handled by Accounts Payable and not a part of referenced
procedure

3. Although the role of the Billing Manager can only view the majority of a
Project’s configuration areas, what Project level menu area can a Billing
Manager add/edit?
a) Accounting - This is an incorrect answer because Billing Manger can
only view the Accounting information not add/edit
b) Budget - This is an incorrect answer because Billing Manger can only
view the Budget information not add/edit
c) Project level Billing - This is the correct answer because Billing
Manger can add/edit the Project level Billing menus

APPENDIX A: CHECK YOUR UNDERSTANDING ANSWER KEY
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