Project Billing Instructional Guide - Unanet Technologies

Project Processes
Once the relevant Admin setup has been performed and Project Billing data
created, projects can have data included in a Post. This will identify time &
materials items, fixed price or cost plus labor and expense that should be
processed
To ensure accurate calculation of recognized revenue for Fixed Price items
using the Percent Complete method, a Budget Snapshot for the project should
be performed. The Post process and billing reports will use Snapshot data if
available.
The new Billing menu offers a Billing Manager or Admin four options:
Post – select projects for which to process eligible items (see below for
definition of what is eligible). The process will calculate unbilled,
deferred billed (for Fixed Price Items where billing has not occurred but
revenue is being recognized), deferred revenue, and recognized
revenue.
List Invoices – show existing invoices, whether Draft, Completed or
Extracted status
Add Invoice – create invoices for the selected projects. This places
data which has been Posted as unbilled, but not included on a prior
invoice, on a new invoice for the project.
Unpost – backs out the Post for selected projects, provided the data
has not been placed on an invoice.
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