Page 58 - Participant Guide - Unanet GovCon Closing a Fiscal Period (2)

APPENDIX B: SUPPLEMENTAL INFORMATION

Sys Doc | Outline - Procedures For Financials End-Of-Month Close

https://support.unanet.com/s/article/Procedures-for-Financials-End-of-Month-Close

Accounts Payable/Accounts Receivable

• Sys Doc | End Of Month Close (AP, AR) - Verify All Financial Documents For The Period
Are ENTERED And In POSTED Status
• Sys Doc | End Of Month Close (Accounts Payable) - Reconcile Open AP To General
Ledger
• Sys Doc | End Of Month Close (Accounts Receivable) - Reconcile Open AR To General
Ledger
• Sys Doc | End Of Month Close (AP, AR, Closing) - Close Vendor Payments, Vendor
Invoices, Customer Payments, Deposits

Invoicing & Posting

• Sys Doc | End Of Month Close (Billing) - Verify All Customer Invoices In COMPLETED
Status For The Period
• Sys Doc | End Of Month Close (Billing) - Verify Billing & Revenue Process Is Completed
• Sys Doc | End Of Month Close (Labor/Expense Report Cost Posts) - Verify All Project-
To-Financial Postings Are Completed
o Sys Doc | Labor Cost Post
o Sys Doc | Labor Cost Unpost
o Sys Doc | Expense Report Cost Post
o Sys Doc | Expense Report Cost Unpost
• Sys Doc | Service Contract Act (SCA) - Pay In Lieu Of Benefits Cost Post
• Sys Doc | Service Contract Act (SCA) - Pay In Lieu Of Benefits Cost Unpost
• Sys Doc | End Of Month Close (Closing) - Close Invoicing & Posting

Purchasing

• Sys Doc | End Of Month Close (Closing) - Close Purchasing Commitments

Payroll/Accrued Leave

• Sys Doc | End Of Month Close (Payroll, Reconciliation) - Verify Payroll Summary Report
Reconciles To Labor Cost Report
• Sys Doc | End Of Month Close (Payroll, Reconciliation) - Recording Unanet Labor
Expenses And Reconciling With Payroll
• Sys Doc | End Of Month Close (PTO Accruals, Reconciliation) - Reconcile Accrued
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APPENDIX B: SUPPLEMENTAL INFORMATION
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