Project Billing Instructional Guide - Unanet Technologies

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3. Must not be for an ADVANCE or CASH- RETURN expense 4. Must have a comparison date
2. A recognized revenue journal entry should be created in an amount equal to the labor item's bill amount. For each Expense item posted: 1. An unbilled journal entry should be created in an amount equal to the expense item's bill amount. 2. A recognized revenue journal entry should be created in an amount equal to the expense item's bill amount. For each Fixed-Price related item posted: If the associated fixed-price item had not been previously posted: 1. An unbilled journal entry should be created in an amount equal to the fixed price item's bill amount. 2. A deferred revenue journal entry should be created in an amount equal to the fixed price item's bill amount. If posting fixed-price scheduled revenue: 1. A deferred revenue journal entry should be created in an amount equal to the fixed-price recognition schedule amount multiplied by −1. 2. A recognized revenue journal entry should be created in an amount equal to the fixed-price recognition schedule amount. If posting fixed-price percent complete revenue: 1. A deferred revenue journal entry should be created in an amount equal to the sum of previously posted revenue - (current percent complete * fixed-price item bill amount) multiplied by −1. 2. A recognized revenue journal entry should be created in an amount equal to the sum of previously posted revenue - (current percent complete * fixed-price item bill amount). Page 27 of 48 Copyright © 2011 <strong>Unanet</strong> <strong>Technologies</strong>
Page 1 and 2: Project Billing in Unanet Version 9
Page 3 and 4: Overview of this document Since inc
Page 5 and 6: 5. Define pre-bill labor amounts on
Page 7 and 8: The Post process will use this data
Page 9 and 10: Admin >> Setup >> Accounting >> Inv
Page 11 and 12: Project Billing Set up For each pro
Page 13 and 14: If adding a single item, the follow
Page 15 and 16: associate the Fixed Price item with
Page 17 and 18: Pre-Bill Labor The final option on
Page 19 and 20: Post A familiar Unanet Search scree
Page 21 and 22: Labor: All qualifying labor for t
Page 23 and 24: Pre-Billed Labor: All qualifying
Page 25: All qualifying fixed-price percent
Page 29 and 30: Add Invoice The Add Invoices screen
Page 31 and 32: List Invoice The List Invoices scre
Page 33 and 34: Reporting The various Project Accou
Page 35 and 36: Invoice Details - this report provi
Page 37 and 38: New Summary Reports: Billing & Reve
Page 39 and 40: Exports Three new exports are provi
Page 41 and 42: Page 41 of 48 Copyright © 2011 Una
Page 43 and 44: Page 43 of 48 Copyright © 2011 Una
Page 45 and 46: Glossary for Project Billing Item D
Page 47 and 48: Frequently Asked Questions Q: What

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