Page 3 - Participant Guide - Unanet GovCon Closing a Fiscal Period (2)
P. 3
Activity 3.3 Run People Actuals Summary ........................................................ 23
Pay in Lieu of Benefits Cost Post ........................................................................... 24
Activity 3.4 Perform Pay in Lieu of Benefits Cost Post .................................... 25
Close Invoicing And Posting .................................................................................. 26
Activity 3.5 Close Invoicing and Posting ........................................................... 26
Check Your Understanding .................................................................................... 27
LESSON 4: GENERAL LEDGER ................................................................................. 28
Learning Objectives ................................................................................................ 28
Introduction .............................................................................................................. 28
Prepare And Post Journal Entries .......................................................................... 28
Payroll (Semi-Monthly Pay Period) ........................................................................ 29
Activity 4.1 Prepare and Post Recurring Journal Entry - Payroll ..................... 29
Accrued Leave Reconciliation ................................................................................ 30
Activity 4.2 Prepare and Post Adjusting Journal Entry - Accrued Leave ........ 30
Fixed Assets ............................................................................................................ 32
Activity 4.3 Perform Fixed Assets Post .............................................................. 32
Intercompany Post (if applicable) .......................................................................... 33
Perform Cost Pool Calculation ............................................................................... 34
Activity 4.4 Perform Cost Pool Calculation........................................................ 34
View Statement of Indirect Rates ........................................................................... 35
Activity 4.5 Review Statement of Indirect Rates ................................................ 35
Post the Cost Pool Calculation to update the rates in the Cost Structure. ........ 36
Activity 4.6 Post the Cost Pool Calculation ....................................................... 36
Close General Ledger .............................................................................................. 37
Activity 4.7 Close General Ledger ...................................................................... 37
Check Your Understanding .................................................................................... 38
LESSON 5: GENERATE FINANCIAL STATEMENTS ................................................. 39
Learning Objectives ................................................................................................ 39
Introduction .............................................................................................................. 39
Balance Sheet .......................................................................................................... 39
Activity 5.1 Balance Sheet ................................................................................... 39
Income Statement .................................................................................................... 40
ABOUT THIS PARTICIPANT GUIDE
©2022 Unanet. All rights reserved. 3
