Page 71 - UNANET GOVCON: CLOSING A FISCAL PERIOD

APPENDIX B: SUPPLEMENTAL INFORMATION

Reference Links

Unanet GovCon Glossary of Terms

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

https://support.unanet.com/s/article/GC-Sys-Doc-Outline-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 GC | Sys Doc | Financials - Invoice & Posting - Labor Cost Post
o GC | Sys Doc | Financials - Invoice & Posting - Labor Cost Unpost
o GC | Sys Doc | Financials - Invoice & Posting - Expense Report Cost
Post
o GC | Sys Doc | Financials - Invoice & Posting - 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

APPENDIX B: SUPPLEMENTAL INFORMATION Page 71
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