Page 3 - UNANET GOVCON:
CLOSING A FISCAL PERIOD
P. 3
Activity 3.3 Perform Labor Cost Post .................................................................. 25
Pay in Lieu of Benefits Cost Post ........................................................................... 26
Activity 3.4 Perform Pay in Lieu of Benefits Cost Post ....................................... 27
Close Invoicing And Posting .................................................................................. 28
Activity 3.5 Close Invoicing and Posting ............................................................. 28
Check Your Understanding .................................................................................... 29
LESSON 4: GENERAL LEDGER .............................................................. 31
Learning Objectives ................................................................................................ 31
Introduction .............................................................................................................. 31
Prepare And Post Journal Entries .......................................................................... 31
Payroll (Semi-Monthly Pay Period) ........................................................................ 32
Activity 4.1 Prepare and Post Recurring Journal Entry - Payroll ......................... 32
Accrued Leave Reconciliation ................................................................................ 33
Activity 4.2 Prepare and Post Adjusting Journal Entry - Accrued Leave ............. 33
Fixed Assets ............................................................................................................ 35
Activity 4.3 Perform Fixed Assets Post ............................................................... 35
Perform Cost Pool Calculation ............................................................................... 36
Activity 4.4 Perform Cost Pool Calculation ......................................................... 36
Activity 4.5 Review Statement of Indirect Rates ................................................. 37
Activity 4.6 Post the Cost Pool Calculation ......................................................... 38
Multi-Currency Revaluation (if applicable) ............................................................ 39
Intercompany Post (if applicable) .......................................................................... 39
Close General Ledger .............................................................................................. 40
Activity 4.7 Close General Ledger ...................................................................... 40
Check Your Understanding .................................................................................... 41
LESSON 5: GENERATE FINANCIAL STATEMENTS.............................. 43
Learning Objectives ................................................................................................ 43
Introduction .............................................................................................................. 43
Balance Sheet .......................................................................................................... 43
Activity 5.1 Balance Sheet .................................................................................. 43
Income Statement .................................................................................................... 44
Activity 5.2 Income Statement (Optional) ........................................................... 44
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