Page 17 - UNANET GOVCON: CLOSING A FISCAL PERIOD

Customer Invoices

Customer invoices provide a record of goods/services provided and the obligation of
payment.

Verify with the Billing Manager that the Billing & Revenue Post has been performed,
and all customer invoices have been completed/sent.

The Billing Manager role, in Unanet, processes the Billing & Revenue Post and
Customer Invoices. Based on Posting Groups, these are recorded in the General
Ledger as:

The Billing & Revenue Posts to:
• DEBIT 10.03.01 Unbilled
• CREDIT 40.01.01 Revenue OR
• CREDIT 20.04.03 Deferred Revenue

Completion of Invoice Posts to:
• DEBIT 10.03.01 Accounts Receivable
• CREDIT 10.03.01 Unbilled
(and possible:)
• DEBIT 20.04.03 Deferred Revenue
• CREDIT 40.01.01 Revenue

Note: Closing (Customer) Invoices and the Billing & Revenue Post can be found under
the Posting Feature group for Invoicing & Posting. For consistency, we will close both
when we get to that Posting Feature.

LESSON 2: SUBLEDGERS Page 17
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