How Do I Resolve Balances in the Unbilled Services Asset Account

You can reverse manual entries that were made to the Unbilled Services asset account.

A project will have unbilled file reconciliation issues if manual entries were posted to the Unbilled Services asset account. If you run revenue generation for the project and its revenue method is not B, any invoiced amount is placed in the Unbilled Services asset account (121.00).

Use the following procedure to correct the entries. It is not necessary to rerun the revenue generation process.

To reverse manual entries to the Unbilled Services asset account:

1. On the Navigation menu, click Settings > Accounting > Company.
2. On the Revenue tab, ensure that the Enable Revenue Generation Feature check box is cleared.
3. Ensure that all projects, tasks, and phases have revenue method B.
4. Examine the Unbilled Services account on the General Ledger Account Analysis.
5. For each transaction shown for the Unbilled Services account, run a posting log.
6. Create and post a negative transaction equivalent to each manual entry transaction that is shown in the posting log as posted to the Unbilled Services asset account.