Page 39 - Participant Guide - Unanet GovCon Closing a Fiscal Period (2)

LESSON 5: GENERATE FINANCIAL STATEMENTS

Learning Objectives

• Determine which financial reports to use to ensure accurate transaction
processing
o Generate Financials Statements
• Balance Sheet
• Income Statement, Income Statement – Trending
• Differentiate the various procedures and options used to verify, reconcile, and
close Unanet’s Posting Features
o Close Fiscal Period

Introduction

After any adjusting entries are recorded, generate Financial Statements and review for
accuracy. The Balance Sheet and the Income Statements can be generated via the
Reports dashboard. The format the statements are presented in are based on the
account hierarchy structure defined in the Account profile.

Lesson 5 Overview Video (for SDL only)

Balance Sheet

Navigate: Reports > Dashboard > Financials > General Ledger > Balance Sheet
Balances of all Asset, Liability, and Equity account types formatted as a Balance Sheet
as of a specific Fiscal Period. The report will display an account tree structure with all
accounts that have charges posted to the General Ledger along with Retained Earning.

Activity 5.1 Balance Sheet
Login as Glenda Manager (GL Manager) – glmanager / welcome

Activity Steps
1. Navigate: Reports > Dashboard > Financials > General Ledger > Balance Sheet

2. Run the Balance Sheet as of the Closing Fiscal Period

3. View the report to answer the following questions:

LESSON 5: GENERATE FINANCIAL STATEMENTS
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