Page 2 - UNANET GOVCON:
CLOSING A FISCAL PERIOD
P. 2
Table of Contents
ABOUT THIS PARTICIPANT GUIDE .......................................................... 5
COURSE INTRODUCTION ......................................................................... 6
Learning Objectives .................................................................................................. 6
LESSON 1: FISCAL PERIOD CLOSE PROCESS ..................................... 8
Learning Objectives .................................................................................................. 8
Introduction ................................................................................................................ 8
Fiscal Period Close .................................................................................................... 8
GL Reporting .............................................................................................................. 9
GL Summary (Trial Balance) ..................................................................................... 9
Activity 1.1 Run the GL Summary (Trial Balance) .............................................. 10
GL Details ................................................................................................................. 11
Activity 1.2 Run the GL Details Report ............................................................... 11
Check Your Understanding .................................................................................... 12
LESSON 2: SUBLEDGERS ...................................................................... 14
Learning Objectives ................................................................................................ 14
Introduction .............................................................................................................. 14
Accounts Payable .................................................................................................... 14
Activity 2.1 Verify, Run, Compare, and Close AP ............................................... 15
Purchasing (if applicable) ....................................................................................... 16
Activity 2.2 Verify, Run, Compare, and Close Purchasing .................................. 16
Customer Invoices ................................................................................................... 17
Accounts Receivable ............................................................................................... 18
Activity 2.3 Verify, Run, Compare, and Close AR ............................................... 19
Check Your Understanding .................................................................................... 20
LESSON 3: INVOICING AND POSTING .................................................. 22
Learning Objectives ................................................................................................ 22
Introduction .............................................................................................................. 22
Expense Report Cost Post ...................................................................................... 23
Activity 3.1 Perform Expense Report Cost Post ................................................. 23
Labor Cost Post ....................................................................................................... 24
Activity 3.2 Run People Actuals Summary ......................................................... 24
ABOUT THIS PARTICIPANT GUIDE Page 2
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