Page 76 - Unanet GovCon Using Billing Revenue - Participant Guide ebook

Lesson 5: INVOICE ADJUSTMENTS (6)

1. Where is the setting found to limit the Billing or Revenue to the Funded
Value?
a) View Organization – Customer profile - This is an incorrect answer
because a Project’s Funded Value limit settings are not found under
the Organization
b) View Project - Accounting - This is the correct answer because a
Billing Manager can view the Project’s Funded Value limit settings
under Accounting
c) Edit Customer Invoice - This is an incorrect answer because a
Project’s Funded Value limit settings are not found in the Customer
Invoice

2. What role, if any, can uncomplete an invoice?
a) Billing Manager - This is an incorrect answer because this role cannot
uncomplete an invoice only the System Administrator can
b) Uncomplete an invoice is not an option - This is an incorrect answer
because a System Administrator can uncomplete an invoice
c) System Administrator - This is the correct answer because only the
System Administrator can uncomplete an invoice if the property is
selected to allow it

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. - This is an incorrect answer
because voiding creates an additional negative invoice which leaves 2
invoices in the system for reference
b) By creating an additional new invoice that contains the negative
value of the original invoice - This is the correct answer because 2
versions of the invoice are kept in the system for reference
c) Voiding does not leave an audit trail - This is an incorrect answer
because voiding creates an additional negative invoice which leaves 2
invoices in the system for reference

4. What extension is automatically added to the end of a voiding invoice?
a) REV - This is the correct answer because REV represents reversal
which is shown on the extension of the invoice number
b) VOID - This is an incorrect answer because VOID is not shown on the
extension of the invoice number
c) X - This is an incorrect answer because an X is not shown on the
extension of the invoice number

APPENDIX A: CHECK YOUR UNDERSTANDING ANSWER KEY
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