4.2 Entering a New Contract
To input a new contract in the ‘Contract Details’ screen:
- Click on new icon in the Toolbar
- Unlocking a Contract
- Amending a Contract
You can amend certain details of a contract depending upon its authorization status: - Deleting a Contract
- Copying the Details of a Contract
Often, you may have a situation where you need to create a contract that closely resembles an existing one. In such a case, instead of entering all the details for the contract, you can copy the details of one contract on to another, changing only those attributes that are different for the new contract. - Placing a Contract on Hold
There may be a situation where you do not have the complete details of the contract you are entering. In such a case you can enter the details you have on hand and place the contract on Hold instead of saving it. You can perform this operation from the Contract Detailed View. - Removing the Hold Status on a Contract
When all the details of the contract are available, you can remove the Hold status on the contract by either: - Reversing a Contract
Using the Contract Reversal function you can reverse out an authorized contract. Typically, you would use the contract reversal function, if the details of an authorized contract are erroneous. All accounting entries that were passed for the original contract will be reversed. - Saving a Contract
To save a contract after having captured its details, made modifications, copied it, etc. either: - Authorizing a Contract
Parent topic: Common Operations