--- title: Accounting Year End Tips Tricks in Unanet description: It’s Government year-end, take the necessary steps to set up Unanet correctly will save your business time later & ensure the program managers can track their projects properly image: https://info.redstonegci.com/hubfs/RGCI%20-%20Accounting%20Year%20End%20Tips%20Tricks%20in%20Unanet.png --- [ PAY INVOICE](https://redstonegci.com/invoice-payment/) [Call Us Today 256-704-9800](tel:2567049800) [info@redstonegci.com](Mailto:info@redstonegci.com) [![Redstone_Logo](https://info.redstonegci.com/hubfs/redstone%20logo%20version%201%20-%20rgb-1.png)](https://www.redstonegci.com/) - [Home](https://redstonegci.com/) - [About](https://redstonegci.com/about/) - [Our Team](https://redstonegci.com/our-team/) - [Community](https://redstonegci.com/community/) - [Careers](https://redstonegci.com/careers/) - [News](https://redstonegci.com/news/) - [Consulting](https://redstonegci.com/consulting/) - [Government Contract Compliance](https://redstonegci.com/consulting/government-compliance/) - [DCAA Audit Support](https://redstonegci.com/consulting/government-compliance/dcaa-audit-support/) - [Accounting System Compliance](https://redstonegci.com/consulting/government-compliance/accounting-system-compliance/) - [Government Contractor Purchasing System Review (CPSR)](https://redstonegci.com/consulting/dfars-business-systems/purchasing-system/) - [Proposal Cost Volume Development & Pricing](https://redstonegci.com/consulting/government-compliance/cost-pricing-budgeting/) - [Commercial Product & Service Determination Support](https://redstonegci.com/consulting/government-compliance/commercial-item-determinations/) - [Incurred Cost Proposal Review and Submission Support](https://redstonegci.com/consulting/government-compliance/incurred-cost-proposals/) - [Federal Acquisition Regulations (FAR) Compliance Services](https://redstonegci.com/federal-acquisition-regulations-far-compliance-services/) - [Cost Accounting Standards (CAS) Compliance Services](https://redstonegci.com/consulting/government-compliance/cas-services/) - [Requests for Equitable Adjustment, Claims, & Terminations](https://redstonegci.com/consulting/government-compliance/reas-claims-terminations/) - [Service Contract Act (SCA) Compliance](https://redstonegci.com/consulting/government-compliance/service-contract-act-sca-compliance/) - [EEOC & OFCCP Compliance Consulting](https://redstonegci.com/consulting/government-compliance/office-of-federal-contract-compliance-programs-ofccp-compliance/) - [Internal Investigations & Audit Support](https://redstonegci.com/internal-investigations-audit-support/) - [COBEC Program Development & Training](https://redstonegci.com/consulting/government-compliance/cobec-program-development-training/) - Government Grant Compliance - [2 CFR 200 Consulting (Grants and Cooperative Arrangements)](https://redstonegci.com/2-cfr-200-consulting-grants-and-cooperative-arrangements/) - [Business System Compliance & Reviews](https://redstonegci.com/consulting/dfars-business-systems/) - [Accounting & Billing System Compliance](https://redstonegci.com/consulting/dfars-business-systems/accounting-billing-system/) - [Estimating System Compliance](https://redstonegci.com/consulting/dfars-business-systems/estimating-system/) - [Material Management & Accounting System (MMAS)](https://redstonegci.com/consulting/dfars-business-systems/material-management-accounting-system/) - [Earned Value Management Systems (EVMS) Compliance](https://redstonegci.com/consulting/dfars-business-systems/earned-value-management-evm/) - [Contractor Purchasing System Review (CPSR)](https://redstonegci.com/consulting/dfars-business-systems/purchasing-system/) - [Government Property Management System](https://redstonegci.com/consulting/dfars-business-systems/government-property-management-system/) - [Operations](https://redstonegci.com/consulting/operational-support-services/) - [Accounting Services & Support](https://redstonegci.com/consulting/operational-support-services/accounting-services-support/) - [Contracts & Subcontracts Administration & Support](https://redstonegci.com/consulting/operational-support-services/contracts-administration/) - [Human Resources Services & Consulting Support](https://redstonegci.com/human-resources-consulting-services/) - [Organizational Change Management Consulting](https://redstonegci.com/consulting/operational-support-services/organizational-change-management-consulting/) - [Manufacturing Operations Consulting and Support](https://redstonegci.com/consulting/operational-support-services/manufacturing-operations-consulting-and-support/) - [Project Cost Control & Program Management Support](https://redstonegci.com/program-cost-control-and-program-management/) - [Software](https://redstonegci.com/accounting-software/) - [Deltek Costpoint Software](https://redstonegci.com/deltek-costpoint/) - [Deltek Costpoint Materials & Manufacturing Software Consulting](https://redstonegci.com/deltek-costpoint-materials-manufacturing-software-consulting/) - [Deltek Pros Bookkeeper Partner Services](https://redstonegci.com/deltek-costpoint/deltek-pros-bookkeeper-partner/) - [Deltek Costpoint GovCon Cloud Moderate (GCCM) Certified Implementation Partner](https://redstonegci.com/deltek-costpoint/deltek-costpoint-gccm-certified-implementation-partner/) - [Unanet Software](https://redstonegci.com/unanet-accounting/) - [Unanet CRM Consulting, Design & Implementation](https://redstonegci.com/unanet-crm/) - [Unanet AIM Consulting & Implementation](https://redstonegci.com/unanet-aim-software/) - [Quickbooks Software](https://redstonegci.com/quickbooks-accounting/) - [UKG Ready HR Software Consulting, Design & Implementation](https://redstonegci.com/ukg-ready-hr-software-consulting-design-implementation/) - [Microsoft Power BI](https://redstonegci.com/microsoft-power-bi/) - [Training](https://redstonegci.com/training/) - [Training & Events](https://redstonegci.com/training/training-calendar/) - [The Redstone Edge Annual Conference](https://redstonegci.com/the-redstone-edge-conference-2026/) - [The Redstone Edge Conference 2026](https://redstonegci.com/the-redstone-edge-conference-2026/) - [The Redstone Edge Conference 2025](https://redstonegci.com/the-redstone-edge-conference-2025/) - [The Redstone Edge Conference 2024](https://redstonegci.com/the-redstone-edge-conference-2024/) - [The Redstone Edge Conference 2023](https://redstonegci.com/the-redstone-edge-conference-2023/) - [The Redstone Edge Conference 2022](https://redstonegci.com/the-redstone-edge-conference-2022/) - [The Redstone Edge Virtual Conference 2020](https://redstonegci.com/the-redstone-edge-virtual-conference-2020/) - [The Redstone Edge Conference 2019](https://redstonegci.com/the-redstone-edge-conference-2019/) - [The Redstone Edge Conference 2018](https://redstonegci.com/the-redstone-edge-conference-2018/) - [The Redstone Edge Conference 2017](https://redstonegci.com/the-redstone-edge-conference-2017/) - [The Redstone Edge Conference 2016](https://redstonegci.com/the-redstone-edge/) - [Live Seminars](https://redstonegci.com/training/live-seminars/) - [Webinars](https://redstonegci.com/training/webinars/) - [Customized Training](https://redstonegci.com/training/customized-training/) - [Learning Management System](https://redstonegci.com/training/learning-management-system-for-government-contractors/) - [Resources](https://redstonegci.com/resources/) - [Insights](https://info.redstonegci.com/blog) - [Contact](https://redstonegci.com/contact/) # Accounting Year End Tips Tricks in Unanet [Posted by Katie Donnell on Fri, Dec 16, 2022 @ 12:12 PM](https://info.redstonegci.com/blog/author/katie-donnell) - [Tweet](https://twitter.com/share) ![RGCI - Accounting Year End Tips Tricks in Unanet](https://info.redstonegci.com/hs-fs/hubfs/RGCI%20-%20Accounting%20Year%20End%20Tips%20Tricks%20in%20Unanet.png?width=1000&name=RGCI%20-%20Accounting%20Year%20End%20Tips%20Tricks%20in%20Unanet.png) As the year comes to an end, there are some additional considerations and setup items that need to be completed. Unanet is a [comprehensive accounting system](https://redstonegci.com/unanet-accounting/) that offers clear procedures for closing on the Support Site. Every company is different, therefore, we at Redstone GCI wanted to provide a checklist and a few links to the Unanet Support Site to help guide you through the Year-End Process smoothly and efficiently: ## Year End Considerations: 1. Month End Checklist 2. Administrative (Unanet) Updates 3. Financial Updates and Year End Closing 4. On Premises Considerations 5. Project Dashboards for 2023 6. GL Budget for 2023 ## Month-End Close ([Support Site Month-End Close](https://support.unanet.com/s/article/GC-Sys-Doc-Outline-Procedures-For-Financials-End-Of-Month-Close)) 1. Update procedure for any changes in process throughout the year 2. Ensure that each month is properly documented for 2022 3. Address any reconciling items (if any) 4. Check source records for completeness of attachments (bank statements, vendor invoices, etc.) ## Year-End Checklist ([Support Site Year-End Close](https://support.unanet.com/s/article/FAQ-What-Are-Some-Considerations-For-Year-End-Processing)) 1. Add next fiscal year 2. Create new holidays and assignments 3. Roll over accrual plans (if necessary) 4. Set up Custom Time Periods (if necessary) 5. Person profile audit of location, PTO, rates, other UDFs, etc. ## System Admin Checklist 1. Clean & update saved shared reports 2. Review scheduled items and make necessary updates (reminders, accrual postings, project alerts, etc) 3. Review and update project set up templates 4. Update person cost rates for pay increases 5. Review “Active” users for any that should be “Inactive” 6. Review Assignments on internal projects (Training, B&P, etc.) 7. Review Accruals and remind employees of “Use It or Lose It” policy 8. Import new Per Diem rates and update mileage rates if you haven’t done so already 9. Add next year financial budgets (GL or Labor & Expense) 10. Add next year indirect rates into cost structures 11. Update Cost pools for next fiscal year 12. True-up indirect rates 13. Incurred Cost Electronically/Incurred Cost Submission (ICE/ICS) 14. Update any recurring annual journal entries (Rent payments) 15. Gross Salary reconciliation to Payroll journals 16. Check Purchase Order Status Report for any processing necessary 17. 1099 activities/Print off 1099 info 18. Fiscal period close ## Looking Forward 1. Setup your My Reports & Shared Reports Dashboard for 2023 2. What process improvements do you want to make for 2023? 3. Are you using Unanet to its capability to make your life easier? 4. Start thinking of creating your GL Budget for 2023 1. This step is key where the P&L Report can show budget versus actuals. If the GL Budget is setup, companies can perform indirect rate calculations based on GL Budgets to forecast indirect rates for the year. *(Stay tuned for more information on GL Budgets coming early 2023)* We hope this checklist helps you prepare your accounting system for the end of 2022, guiding you through the essential steps to closing 2022 with Unanet. Our [Unanet experts](https://redstonegci.com/unanet-accounting/) are always here to offer additional help as you utilize Unanet and can offer consulting and training options to make sure you are getting the most out of your investment. Reach out to us to make your year-end process or any Unanet functions run smoother for your department and company. [![Learn More About Our Unanet Consulting & Implementation Services](https://no-cache.hubspot.com/cta/default/203971/interactive-168323515029.png) ](https://info.redstonegci.com/hs/cta/wi/redirect?encryptedPayload=AVxigLJWlQEmO4HrJuUdWO6UQwzozOz4owk1OCGABEe1cbgHSnxpxDue8eRrlQUkzM6QsYbpJAschp371AAVoDsxixCidk8vNBZx8XTIxLoX%2BNF8EJMhdNalT6yzsq7Q%2BG8FwI1noHTOu9Zpxd3%2BzMDInH3I4ASgqDFRePijboR7Hfs6orix9t1clf3iQFlp7A%3D%3D&webInteractiveContentId=168323515029&portalId=203971) ### Written by [Katie Donnell](https://info.redstonegci.com/blog/author/katie-donnell) ![Katie Donnell](https://info.redstonegci.com/hubfs/images/Staff_/Katie-Donnell-Redstone-Government-Consulting.png) 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. ## About Redstone GCI Redstone GCI is a consulting firm focused on fulfilling the needs of government contractors in all areas of compliance. With a singular mission to help contractors through the multiple layers of “red tape,” we allow contractors to focus on what they do best – support their mission with the U.S. Government. We are home to a group of consultants made up of GovCon industry professionals, CPAs, attorneys, and retired government audit and acquisition professionals. Our focus and knowledge of audit and compliance functions administered by DCAA and DCMA will always be at the heart of what we do. However, for the past decade, we’ve strategically grown to support other areas of the government contractor back-office with that same level of focus and expertise. We’ve added expertise in contracts management, subcontract administration, proposal pricing, various software systems, HR and employment law, property administration, manufacturing, data analytics/reporting, Grant specialists, M&A, and many other areas. When we see a trend in the needs of contractors, we act to ensure we can provide the best expertise in the market to fulfill those needs. One thing our clients can be certain of is that with the Redstone GCI Team in your corner, there is no problem too big and no issue too technical for our team to tackle. Topics: [Unanet](https://info.redstonegci.com/blog/topic/unanet) ### Search Posts This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. ### Subscribe via E-mail ### Latest Posts ### Posts by category - [Accounting System Compliance (282)](https://info.redstonegci.com/blog/topic/accounting-system-compliance) - [Commercial Determination (34)](https://info.redstonegci.com/blog/topic/commercial-determination) - [Contractor Purchasing System Review (CPSR) (85)](https://info.redstonegci.com/blog/topic/contractor-purchasing-system-review-cpsr) - [Contracts & Subcontracts Administration (301)](https://info.redstonegci.com/blog/topic/contracts-subcontracts-administration) - [Cost Accounting Standards (CAS) (60)](https://info.redstonegci.com/blog/topic/cost-accounting-standards-cas) - [COVID-19 (23)](https://info.redstonegci.com/blog/topic/covid-19) - [Customer Success Story (2)](https://info.redstonegci.com/blog/topic/customer-success-story) - [Cybersecurity (29)](https://info.redstonegci.com/blog/topic/cybersecurity) - [DCAA Audit Support (249)](https://info.redstonegci.com/blog/topic/dcaa-audit-support) - [Defense Procurement & Acquisition Policy (DPAP) (7)](https://info.redstonegci.com/blog/topic/defense-procurement-acquisition-policy-dpap) - [Deltek Costpoint (54)](https://info.redstonegci.com/blog/topic/deltek-costpoint) - [DFARS Business Systems (180)](https://info.redstonegci.com/blog/topic/dfars-business-systems) - [DOD IG (10)](https://info.redstonegci.com/blog/topic/dod-ig) - [Employee & Contractor Compensation (22)](https://info.redstonegci.com/blog/topic/employee-contractor-compensation) - [Employers & Unions (8)](https://info.redstonegci.com/blog/topic/employers-unions) - [Estimating System Compliance (18)](https://info.redstonegci.com/blog/topic/estimating-system-compliance) - [Export & Import (19)](https://info.redstonegci.com/blog/topic/export-import) - [Federal Acquisition Regulation (FAR) (187)](https://info.redstonegci.com/blog/topic/federal-acquisition-regulation-far) - [Federal Construction Contracting (4)](https://info.redstonegci.com/blog/topic/federal-construction-contracting) - [Government Compliance Training (59)](https://info.redstonegci.com/blog/topic/government-compliance-training) - [Government Property Management (18)](https://info.redstonegci.com/blog/topic/government-property-management) - [Government Regulations (266)](https://info.redstonegci.com/blog/topic/government-regulations) - [Government Shutdown (9)](https://info.redstonegci.com/blog/topic/government-shutdown) - [Grants & Cooperative Agreements (2 CFR 200) (32)](https://info.redstonegci.com/blog/topic/grants-cooperative-agreements-2-cfr-200) - [Human Resources (118)](https://info.redstonegci.com/blog/topic/human-resources) - [Incurred Cost Proposal Submission (ICP/ICE) (83)](https://info.redstonegci.com/blog/topic/incurred-cost-proposal-submission-icp-ice) - [Litigation Consulting Support (17)](https://info.redstonegci.com/blog/topic/litigation-consulting-support) - [Manufacturing Operations Consulting (27)](https://info.redstonegci.com/blog/topic/manufacturing-operations-consulting) - [Material Management & Accounting System (MMAS) (23)](https://info.redstonegci.com/blog/topic/material-management-accounting-system-mmas) - [Non-US Government Contractor (3)](https://info.redstonegci.com/blog/topic/non-us-government-contractor) - [Office of Federal Contract Compliance Programs (31)](https://info.redstonegci.com/blog/topic/office-of-federal-contract-compliance-programs) - [Organizational Change Management Consulting (17)](https://info.redstonegci.com/blog/topic/organizational-change-management-consulting) - [Paycheck Protection Program (PPP) Loans (8)](https://info.redstonegci.com/blog/topic/paycheck-protection-program-ppp-loans) - [Program Management & Project Cost Control (2)](https://info.redstonegci.com/blog/topic/program-management-project-cost-control) - [Proposal Cost Volume Development & Pricing (79)](https://info.redstonegci.com/blog/topic/proposal-cost-volume-development-pricing) - [Quickbooks (21)](https://info.redstonegci.com/blog/topic/quickbooks) - [REAs, Claims & Terminations (11)](https://info.redstonegci.com/blog/topic/reas-claims-terminations) - [Redstone GCI (50)](https://info.redstonegci.com/blog/topic/redstone-gci) - [Sequestration (4)](https://info.redstonegci.com/blog/topic/sequestration) - [Service Contract Act (14)](https://info.redstonegci.com/blog/topic/service-contract-act) - [Small Business Compliance (122)](https://info.redstonegci.com/blog/topic/small-business-compliance) - [System Award Management (SAM) (9)](https://info.redstonegci.com/blog/topic/system-award-management-sam) - [UKG Ready HR Software Consulting (7)](https://info.redstonegci.com/blog/topic/ukg-ready-hr-software-consulting) - [Unanet (35)](https://info.redstonegci.com/blog/topic/unanet) - [Vlog (41)](https://info.redstonegci.com/blog/topic/vlog) ### Disclaimer *Data published on our website, such as our white papers, blogs and other government contracting commentary reflect our interpretations and opinions of current events and regulations, at the time such data is published, and the perspectives/opinions of other professionals in our industry may vary from our own.  Further, our commentary and perspectives do not reflect legal analyses, since we are not attorneys, but rather government contracts and accounting advisors.  We therefore make no representation that the use of our published information will insulate a company from government challenges, nor otherwise ensure a successful defense on any government procurement adverse action.  Readers agree that articles or blog commentary presented within our website shall not be replicated or re-published without requesting before publication in another medium, and our expressed written consent to do so.* **Redstone Government Consulting** 501 Madison Street SE, Suite 100 Huntsville, AL 35801 **Phone: ** [256.704.9800](tel:2567049800) **Email Us**[ info@redstonegci.com](mailto:info@redstonegci.com) **[PAY INVOICE](https://redstonegci.com/invoice-payment/)** [PCI DSS compliance documentation](https://redstonegci.com/wp-content/uploads/2016/10/pci_dss_self_assessment_certificate.pdf) © 2026 Redstone Government Consulting | All Rights Reserved | [Privacy Policy](https://redstonegci.com/privacy-policy/) | [Event Refund / Cancellation Policy](https://redstonegci.com/event-refund-cancellation-policy/)