Page 31 - Participant Guide - Unanet GovCon Closing a Fiscal Period (2)

5. They should match. Prepare an Adjusting (Recurring) JE. for the amount
needed to make account 20.05.01 balance match the Total Liability amount on
the People Accrual Summary Report (aka the amount of the difference calculated
above). This is a recurring Journal Entry; therefore, the shell of this entry can be
found by searching the list of INUSE journal entries for the period.

a. Navigate: Financials > General Ledger > Journal Entries
b. Search for entries with a Document Date range of the Closing Period with the
status of INUSE
c. Edit (click pencil icon) the recurring Vacation Accrual JE
d. On the left side menu under Details, Select Expenses and fill in the
appropriate values:
• DEBIT 60.01.01 Paid Time off
• CREDIT 20.05.01 Accrued Leave

6. Post Adjusting Accrued Leave Journal Entry

7. Refresh or re-run the GL Summary (Trial Balance) Report for the period to
confirm activity and values

8. Answer the following:
Questions Answers
After Posting the Adjusting Journal Entry,
what is the revised Total of account 20.05.01
Accrued Leave on the Trial Balance?

Does the value match the YTD Total Liability Yes or No
on the People Accrual Summary report?

LESSON 4: GENERAL LEDGER
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