Page 64 - UNANET GOVCON: CLOSING A FISCAL PERIOD

7. In Unanet, what is the purpose of performing the Labor Cost Post for the fiscal
period?
a) To create journal entry transactions for expense report costs - This is an
incorrect response because This is done by the Expense Report Cost Post.
b) To create journal entry transactions for timesheet costs - This is the
correct response because This process takes cost data from finalized
timesheets and creates the corresponding journal entries in the general
ledger.
c) To create journal entry transactions for revenue - This is an incorrect
response because This is done by the Billing & Revenue Post.

8. In the GL Details report, which Source code (Src) represents transactions from the
Labor Cost Post?
a) LC - This is the correct response because "LC" is the standard Unanet source
code for transactions originating from a Labor Cost Post.
b) EC - This is an incorrect response because This represents the Expense
Report Cost Post.
c) FA - This is an incorrect response because This represents the Fixed Asset
Post.

9. In Unanet, which Invoicing & Posting menu option deletes General Ledger entries,
and unmarks originating transactions for re-posting?
a) Unpost - This is the correct response because The Unpost function is
designed specifically to reverse a posting batch, removing the GL entries and
resetting the source transactions so they can be corrected and posted again.
b) Void - This is an incorrect response because Voiding marks a transaction as
invalid and is generally recommended for posted transactions providing an
audit trail
c) Delete - This is an incorrect response because Deleting permanently
removes data and is not a Unanet menu option.

APPENDIX A: ANSWER KEY Page 64
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