Page 13 - Participant Guide - Unanet GovCon Analyzing Project Metrics
P. 13
• When reporting on Assignments or Budgets, the cost source for labor is the
hours in the people assignments and direct cost entries in the expense
budgets.
• When reporting on Actuals, labor costs are derived from hours recorded in
timesheets and non-labor costs are created through expense report entries,
vendor invoice entries and/or journal entries.
Tour 2.1 – Review Settings for Projects of Each Billing Type
Instructor is logged in as the System Administrator; however, only the Project
Manager Role, Billing Manager and Bill & Cost Budget Manager roles would be
required to complete this tour.
Tour Highlights:
o Part 1 Verify settings on TM Project to manage revenue and
profitability
o Part 2 Verify settings on CP Project to manage revenue and
profitability
o Part 3 Verify settings on FP Project to manage revenue and
profitability
Revenue Recognition Project Settings
Many, if not most, Unanet systems are defaulted to calculate revenue on the net
amount for all project financial accounting reports. While this configuration would not
naturally introduce a challenge, if the Project Manager elects to also check the Project
Profile setting to “Limit revenue to funded value less fixed fee”, the reports showing
revenue will not reflect any overcharging or plans/assignments/budgets in excess of the
funded value on the project/task’s Accounting tab. To ensure that revenue is calculated
correctly on project accounting reports, the Administrator will need to confirm that the
“Total Revenue” report item is included in the cost report definitions configured in Admin
> Setup.
This activity helps understand how revenue is configured to calculate in your system
and how this impacts the Project Accounting reports that reflect calculated revenue on a
project.
Tour 2.2 – Review the Calculation for Revenue Reports
Instructor is logged in as the System Administrator.
Tour Highlights:
o Identify which Cost Report Name calculates revenue
o Show additional rows to support calculation on gross
o Show location of Limit Revenue flag on a project and task
Lesson 2: Project Setup
©2020 Unanet. All rights reserved. 12
