Page 24 - UNANET GOVCON: CLOSING A FISCAL PERIOD

Labor Cost Post

Navigate: Financials > Invoicing & Posting > Labor Cost Post

The Labor Cost Post process provides a means to create journal transactions for costs
related to timesheet entries. The frequency of this post is typically in alignment with a
company’s pay period. Timesheets that have not been submitted, approved, and locked
will not be included. Based on Posting Group settings, this posts to:

• DEBIT Various Labor Expenses
• CREDIT Accrued Wages

The value of this post is used to verify the amount on the Payroll Register. The GL
impact of the Labor Cost Post can be viewed by filtering the GL Details report
Document Type to “LC - Labor Cost Post”.

The labor costs transmitted to payroll must match the actual labor in Unanet. Prior to
performing this post, verify the Labor Cost Post total matches the People Actuals
Summary report by pay period.

Activity 3.2 Run People Actuals Summary
Login as Glenda Manager (GL Manager) – glmanager

Activity Steps:
1. Navigate to Reports > Dashboard > People Reports > Summary Reports >
Actuals Summary
2. Run People Actuals Summary report for 2nd half of the Closing Fiscal Period
with the following criteria:

REPORT ON All People I can see
INCLUDE ACTUALS IN (16 - EOM) Fiscal Period Date Range
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COLUMN OPTIONS Show People

3. What is the Grand Total for the People Actuals Summary report? ____________

LESSON 3: INVOICING AND POSTING Page 24
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