Page 9 - Participant Guide - Unanet GovCon Closing a Fiscal Period (2)

To access the Fiscal Period Close functionality

Navigate: Financials > General Ledger > Fiscal Period Close > Calendar Icon (manage
fiscal period)

Please note – For educational purposes, the Lessons are provided in a specific order to
be followed during class. However, Fiscal Period Close processing may be performed
differently for every company.

GL Reporting
Unanet provides many reports to assist financials users in managing financial data.
Available to the GL Viewer role are the GL Details report, GL Summary (Trial Balance),
as well as financials statements (Balance Sheet, Income Statement, and Income
Statement – Trending). The GL Admin role has access to the Bank Reconciliation
Report and the Statement of Indirect Rates reports.

GL Summary (Trial Balance)
Navigate: Reports > Dashboard > General Ledger > GL Summary (Trial Balance)

The Unanet financial report GL Summary (Trial Balance) provides a view of general
ledger activity for a Legal Entity at a summarized level providing the Credit and Debit
amounts which can be clicked on to drilldown and display the details that contributed to
that amount. A review of the GL Summary (Trial Balance) throughout the close process
can help analyze the transactions and balances that have posted and identify omissions
of amounts not posted to the General Ledger. This report also confirms DEBITS =
CREDITS.

After any posting process, the GL Summary (Trial Balance) Report will need to be
Refreshed or re-run, for the period, to confirm activity and values.

LESSON 1: FISCAL PERIOD CLOSE PROCESS 9

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