-Budgeting-in-Unanet.jpg?width=1000&name=RGCI---General-Ledger-(GL)-Budgeting-in-Unanet.jpg)
The budgeting process for any company can be a daunting process. But, like most things, hard work pays off, and establishing a detailed budget is a critical element to ensure a healthy and profitable company.
For Government Contractors, budgeting at the project level is generally the main focus. This is also a key attribute in the budgeting function within the Unanet accounting system. However, it is helpful to remember that budgeting at the company level for company-wide expenses is also available and equally as important.
Reports
Within the standard reports, income statements and balance sheets have a comparison column option so there is the ability to report on budget versus actual costs. The data integration with Unanet provides users with the ability to analyze and improve management and budgeting. GL budgets can be entered for both the balance sheet as well as the income statement accounts.
Company Budget Options
Another benefit of entering the company budget into Unanet is that you can run the indirect rate calculation based on budget for a time period to ensure that the cost pool setup is accurate, and the rates are calculating as designed. The rates can also be monitored on a monthly basis if fluctuation throughout the year is expected.
Multiple versions of a company budget can be entered into Unanet to provide for multiple scenarios. The budget is performed at the account level, but the company can decide how detailed the budget should be.
Creating GL budgets in Unanet is a quick and easy process that can be done within the User Interface or via import/export. Redstone GCI offers expertise to help you set up and utilize your Unanet platform effectively. Visit the Knowledge Center (kc.unanet.com) for more information or I’ll be happy to speak with you on this topic.
Katherine (Katie) Donnell serves as the Director of Unanet Practice Services at Redstone Government Consulting, Inc., where she leads the firm’s Unanet consulting practice in delivering expert implementation, optimization, and compliance support to government contractors. With extensive expertise in DCAA-compliant Unanet Time & Expense Tracking, Project Portfolio, and Financials, Katie plays a vital role in helping contractors build and maintain compliant, efficient financial and project management systems. As one of the first Unanet Certified Implementers, Katie was part of Unanet’s initial pilot certification program for non-Unanet consultants, investing over 300 hours in training, system development, and rigorous testing to obtain her certification. She holds Unanet Advanced Project Management training credentials and is also a QuickBooks ProAdvisor. Her technical expertise and real-world implementation experience make her a trusted advisor, frequently called upon by Unanet’s internal teams to support implementation projects as an external expert. Katie is also responsible for the continued growth and strategic oversight of Redstone GCI’s Unanet Practice, ensuring that quality of service, client support, and consultant development remain at the highest standard. She is committed to advancing the professional development and expertise of Redstone GCI’s Unanet consulting team, ensuring they stay at the forefront of industry best practices and evolving compliance requirements. At Redstone GCI, Katie serves as a primary point of contact for numerous small business clients, providing ongoing government cost accounting and compliance support. She regularly assists with monthly accounting close processes, ensuring accurate financial reporting for program management and executives. Her unique combination of software system expertise and compliance knowledge allows her to provide strategic, hands-on guidance to government contractors navigating complex regulatory and financial landscapes. With extensive experience in government contract accounting and compliance, Katie has assisted contractors with DCAA audit readiness, including SF1408 pre-award accounting system audits, provisional billing rate submissions, forward pricing rate development, and incurred cost submissions. She also helps clients design and implement compliant policies and procedures to support an adequate DCAA-approved accounting system. Prior to joining Redstone GCI, Katie worked in public accounting and government contracting, gaining operational experience with Unanet, QuickBooks, SpringAhead, Deltek T&E, ADP, Paychex, and QB Payroll. Her extensive background in accounting, compliance, and financial systems ensures that Redstone GCI’s Unanet clients receive the highest level of technical and regulatory expertise.