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ManualDoc:Coworking:T742963354FEC46239734D4EA74B2C182

You can define as many contract templates as needed by in each organization in the system.

Fields to note:

  1. Organization: An organization is a unit of your client or legal entity - examples are store, department. You can share data between organizations.
  2. Name: A more descriptive identifier (that does need to be unique) of a record/document that is used as a default search option along with the search key (that is unique and mostly shorter). It is up to 60 characters in length.
  3. Description: A description is limited to 255 characters.
  4. Contract Type: Unique ID for a contract type
  5. Active: There are two methods of making records unavailable in the system: One is to delete the record, the other is to de-activate the record. A de-activated record is not available for selection, but available for reporting. There are two reasons for de-activating and not deleting records:

(1) The system requires the record for auditing purposes.

(2) The record is referenced by other records. E.g., you cannot delete a Business Partner, if there are existing invoices for it. By de-activating the Business Partner you prevent it from being used in future transactions.

  1. Price List: Price Lists are used to determine the pricing, margin and cost of items purchased or sold.
  2. Payment Terms: Payment Terms identify the method and timing of payment for this transaction.
  3. Contract Invoice Schedule: Sets the invoicing configuration, in regards of when the invoicing occurs, what time period is going to be invoiced and the invoice date of created invoices.
  4. Payment Method: Sets what payment method must be used.
  5. Default Duration: Default duration of the contract
  6. Default Duration Unit: Default duration unit of measure for the contract
  7. Automatic Renewal: If Y, the contract automatically renews upon expiration unless the notice period is given
  8. Notice Period: Notice period for ending the contract
  9. Notice Period Unit: Unit for the Notice Period value

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