Description:
This course offers a complete review of the Unanet features and configuration necessary to support Time and Materials (T&M) and Fixed Priced Contract (FFP) revenue recognition, billing and invoicing. We will also discuss the project manager reporting capabilities and involvement in this process. This one-day, instructor lead course offered at Unanet Headquarters will provide new and existing Unanet customers with the knowledge and hands-on experience to configure and manage bills in the system. Small group class size encourages group discussion, and hands-on learning in a sample Unanet system provides users with real-world practice. Focus will be on configuring the system to begin using billing, scenario workflow and configuration for various types of T&M and FFP projects and reporting review.
Target Audience:
- Unanet Customers managing Fixed Priced and/or Time and Materials contracts.
- Billing Professionals
- Unanet Administrator access
- Project Managers responsible for billing lifecycle/revenue.
- Customers with Unanet Project Tracking or Project Portfolio license structure
CPE Credits: 7
Delivery Method: Group/Live
Program Level: Introductory
Cost: $800.00
Availability: 8 students
To understand the functionality available within the Unanet Accounting umbrella.
To correctly provide access to Billing functionality based on the audience's internal business practices.
- Identify functionality available to the Billing Manager role
- Identify functionality available to the Billing Viewer role
To independently complete the Administrative setup to support Billing based on industry best practices.
- Setup new Accounts.
- Understand various account types within Unanet and when to utilize each type within industry best practices.
- Create accounts in Unanet.
- Setup Payment Terms
- Identify payment terms available in Unanet.
- Configure payment term options within Unanet system.
- Configure one-time charge or discount items.
Independently configure customized Invoices from Unanet.
- Complete a personalized Invoice layout
- Add logos to the Invoice format.
- Create and maintain an Invoice numbering scheme in Unanet.
Understand the Unanet Post process and how it can be utilized in an industry best practice.
- Identify the different labor and expenses that will be included in the Post process by project Billing type.
- Identify some business rule decisions to define the post process within an individual environment.
Produce a Unanet Invoice for the following Project types: T&M, FFP
- Utilize a one-time charge within an Invoice.
- Utilize a one-time discount within an Invoice.
- Account for pre-billed Labor on a T&M Invoice.
Identify and review samples of Unanet standard reports that show Billing Information.
Determine best practice approaches for involving project managers in Billing and Invoicing and producing reports on billed information.
Identify types of export data templates available in Unanet to support Billing.
- Understand data fields available within the Export templates for Accounts Receivable, Journal Entry and Fixed Price Schedule export types.
- Identify appropriate resources to configure export templates.
Prerequisites: watch the following training videos: Project Billing, Invoicing and Revenue Recognition - Setup; Project Billing, Invoicing & Revenue Recognition - Usage.
- Understanding of internal project accounting process.
- Understanding of general project accounting terminology and processes.
- Attend live or recorded Customer Account Management webinar "Introduction to Billing"