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Question

 What are the Deferred columns in the Billing & Revenue Summary report?

Solution

The Deferred BILLINGS column will typically not have any values in it unless there are some lingering transactions from prior to Unanet 10.0. 

Contract TypeRevenue Recognition Method (FP only)Deferred BillingsDeferred Revenue
T&M

Legacy column as of 10.0

  • Unused pre-billed labor balance; recognized as hours consumed.
FPWhen Billed

Legacy column as of 10.0

  • When the post occurs, 100% of the revenue is entered into deferred revenue.
  • Will be reversed and recognized when the Invoice is completed.

% Complete

Legacy column as of 10.0

  • When original Billed item is posted, all revenue that is not recognized based on % Complete will be deferred.
  • Offset entries will move to recognized revenue as % Complete is updated and the post is made.

Custom Schedule

Legacy column as of 10.0

  • When original Billed item is posted, all revenue that is associated with that Billable amount and is not yet eligible to post based on the revenue recognition date will be deferred.
CP
Legacy column as of 10.0
  • Refer to Admin > Setup.
  • Variance between the Cost Plus Bill Rate and the Cost Plus Revenue Recognition Rate will be deferred.


Additional Information

Help Docs - Billing and Revenue Summary

KC - Posting Options

KC - Video - Billing usage and reports

KC - Invoicing and Posting Guide