Page 35 - Unanet GovCon: Setting Up Contracts and Projects

Posting Group: Direct Posting Group Total Value: 120000
Cost Structure: STANDARD-GOV Funded Value: 60000
 Limit Billing To Funded Value Less Fixed Fee

TIME
Allow Time Reporting: 
Require Comments: 
Bill Rate Source: Default to the labor category’s bill rate.
Labor Category Usage: Yes. Time must have a labor category.

EXPENSE
Allow Expense Reporting: 

ALERTS
Project Performance Alerts:  Use Default Preferences

Part 2: Configure Billing and Invoicing
1. Navigate to Billing > Fixed Price.
2. Select +Fixed Price Billing Schedule.
3. Create a new Fixed Price Billing Schedule as shown below:

ADD FIXED PRICE BILLING SCHEDULE
Task: <No Task>
*Description: Training Analysis Fee (Monthly)
*Bill Date: Jan 1 – Current Year
*Bill Amount: 120,000.00
*Revenue Recognition Method:  When Billed
BILLING SCHEDULE
Calendar Months 12 First Day of Period
Period Type Number Start Within Period

4. Select Generate Schedule, review the billing schedule, then press Save.
5. In the Billing submenu, select Invoice Setup.
6. Configure invoice settings as indicated below:

SETUP
GENERATE UNANET INVOICE: 
INVOICING OPTIONS PAYMENT / INVOICING OPTIONS
*Primary Invoice Format: CP FP TM Format
 Invoice as Contributor Project *Invoice Number Format: Default Invoice Number Format
*Payment Terms: NET 30
ASSIGN LEAD PROJECT FOR INVOICE GROUP
Lead Project: 253CONSULT TRAINING-TM-LABOR

7. Press Save.

LESSON 2: CONFIGURING PROJECTS AND TASKS
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