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Click General ledger> Setup> Contracts> Contractsto open the Contractsform.
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Press CTRL +N to create a new line.
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In the Partner typefield, select the type of contract partner.
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In the Contracts Groupfield, select a contract group code.
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In the DVRfield, view the contract registration number.
Note The value from the number sequence that is specified for the contract group is updated in the DVRfield. This is the internal contract registration number.
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In the Datefield, select the contract date.
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In the Contract No.field, enter a contract number.
Note This is the external contract number. As a rule, it is the same as the registration number for contracts with customers.
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In the Partner codefield, select the customer code of an appropriate counteragent if you selected Customerin the Partner typefield, or select the vendor code of an appropriate counteragent if you selected Vendorin the Partner typefield.
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In the Currencyfield, select a contract currency code.
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In the Contract sumfield, enter the contract amount for reference.
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In the Statusfield, select the contract status.
Note You can only create a reference to the contract in the voucher if the contract status is Work.
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Click the Generaltab.
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In the Start dateand End datefields, select the start and end dates for the effective term of the contract.
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In the Subject of a contractfield, enter the primary subject of the contract.
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Click the Financialtab.
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In the Posting profilefield, select a posting profile for the counteragent that will be substituted in journals and orders by default.
Note When selecting a contract in the journal line or in the order header, the posting profile is updated from the contract. If the posting profile is not specified per the contract, then the posting profile is updated from the vendor or customer posting profile. If the posting profile is not defined for the vendor or customer, then the posting profile is updated from the Posting profilesfield, Accounts payable parameters, or Accounts receivable parametersform.
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In the Posting profile with prepaymentfield, select a separate posting profile when registering a prepayment per contract.
Note When selecting a contract in the journal line during the registration of a prepayment, the prepayment posting profile is updated from the contract. If the prepayment profile is not specified in the contract, then the posting profile is updated from the Posting profile with prepaymentfield, Accounts payable parameters, or Accounts receivable parametersform.
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Under the Terms of payment fieldgroup, select the payment terms that will be updated in the orders by default.
Note When selecting a contract in a voucher, the settings are updated from the contract setup. If is the settings are not specified in the contract, they are updated from the counteragent setup, and if they are not specified in the counteragent settings, then the fields under the Terms of payment fieldgroup remain empty.
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In the Credit limitfield, specify the credit limit amount per contract.
Note The credit limit is verified according to all counteragent contracts and the general credit limit of the counteragent.
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Click the Dimensiontab and select the dimension values.
Note Dimension codes that are specified per contract are updated automatically when registering vouchers in journals and orders.
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Click Contract amountto open the Customer transactionsor Vendor transactionsform to view the contract amount details for the counteragent transaction.
Note The Customer transactionsform opens only if you select Customerin the Partner typefield. The Vendor transactionsform opens only if you select Vendorin the Partner typefield.
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Click the Contact informationtab and enter the contact details for the contract.
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Click Trade agrmt.to set up prices and discounts in effect for a specific contract.
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Click Commission calculationto open the Commission calculationform and set up the commission compensation for the selected contract.
Note This button is available only if you select Customerin the Partner typefield.
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Press CTRL+S or close the form.