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 on the project and its revenue method is not B, Vision puts any invoiced amount into the Unbilled Services Asset account (121.00).

Use the following procedure to correct the entries. It is not necessary to rerun Revenue Generation.

To reverse manual entries to the Unbilled Services asset account, complete the following steps:

1. From the Vision Navigation menu, click Configuration > Accounting > Company Settings.
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 in 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.