Page 25 - UNANET GOVCON: CLOSING A FISCAL PERIOD

Activity 3.3 Perform Labor Cost Post
Login as Glenda Manager (GL Manager) – glmanager

Activity Steps:
1. Navigate to Financials > Invoicing & Posting > Labor Cost Post

2. Perform the Labor Cost Post for the 2nd half of the Closing Fiscal Period

INCLUDE ACTUALS IN (16 - EOM) Fiscal Period Date Range
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POST DATE Fiscal Period Post Date
FISCAL PERIOD Closing Fiscal Period

3. What is the Grand Total for the Labor Cost Post? ________________________

4. If this total matches the People Actuals Summary report, Click Post

*NOTE: In this specific Unanet database, the accounts are being posted to:
• DEBIT 50.01.01 Direct Labor Client Site
• DEBIT 60.01.01 Paid Time Off
• DEBIT 70.01.01 Overhead Labor
• DEBIT 80.01.01 G&A Labor
• CREDIT 20.05.03 Accrued Wages
• CREDIT 20.05.04 Accrued Subcontractor Labor

5. Navigate: Reports > Dashboard > Financials > General Ledger > GL Details

6. Run the GL Details Report for the period filtering the Document Type to LC to
confirm activity and values from the Labor Cost Post

POSTED DATE Fiscal Period Post Date
FISCAL PERIOD RANGE (16 - EOM) Closing Fiscal Period
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DOCUMENT TYPE LC – Labor Cost Post

7. View and Compare the Ending Balance on the GL Details report. Does the total
match the Total of the Labor Cost Post? YES or NO

NOTE: There may be a small difference between the People Actuals Summary report and the GL entry
created by the Labor Cost Post. This is due to the rounding methodologies applied.

LESSON 3: INVOICING AND POSTING Page 25
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