Page 41 - Participant Guide ebook - Unanet GovCon Using General Ledger

Posting Options
Posting Options are used to define a number of system wide customer invoicing and
posting related data used for all projects. This includes settings for which Indirect Rate
(Actual, Provisional, or Target) to use from the Cost Structure when calculating
customer invoices (Cost Plus Bill Rate), revenue (Cost Plus Recognition Rate), and
Fixed Price Percentage Complete Estimate. It also defines which Date to use with
respect to which Labor (Labor Posting) and Expenses (Expense Report Posting) are to
be included. Verify with your auditor/accountant how best to configure these settings.

Indirect Rate (Actual, Provisional, or Target) setting determines which Indirect Rate
should be used to calculate the values included in the Billing and Revenue Post.

• Cost Plus Bill Rate - typically set to Provisional since those are the authorized
bill rates used when calculating customer invoices
• Cost Plus Recognition Rate - this is the rate used to recognize revenue. If this
rate selection differs from the Cost Plus Bill Rate selection, revenue and billing
numbers will not be the same creating Deferred Revenue. This typically requires
a journal entry at the end of the year to adjust recognized revenue for financial
statement purposes.
• Fixed Price Percent Complete Estimation using Total Costs + Burden Rate -
this is the rate used to calculate the burden on costs

Labor Posting setting determines which date should be used when including timesheet
items for the Billing and Revenue Post and Labor Cost Post.
• Using Worked Date - the calendar day of the timesheet cell entry
• Using Posted Date - is the same as the Worked Date for regular timesheet
entries and adjustments when performing the billing and revenue post but may
be overridden in admin adjustments and imported time

APPENDIX B: SUPPLEMENTAL INFORMATION
©2022 Unanet. All rights reserved.
41