Creating header and header spread commitments

  1. Select Manage Contracts.
  2. Select a contract.
  3. On the Commitments tab, specify this information:
    Create Commitments
    Select the commitment type.
    • Select Header to create the commitment at the header level.
    • Select Header Spread to create the commitment at the header level with a spread date.
    Allow Incomplete Spread
    This field is available when you select a header spread commitment type. Select this check box to release and activate the contract if spread amounts do not match lifetime maximum amounts.
    Commitment Company
    Select a commitment company.
    Commitment Account
    Select a commitment account.
    Lifetime Maximum Amount
    Required for header commitments. Specify a lifetime maximum amount. For non-service contracts, this value is compared to total amounts purchased against lines. On service contracts, this value indicates the total amount that can be invoiced against a contract.
    Effective Date
    Select the date on which the contract is effective.
    Expiration Date
    Select the contract expiration date.
  4. Click Save.
  5. For Header Spread commitments you must create a spread record. To create a spread record, click Create Commitment Spreads.
  6. Click Create and specify this information:
    Spread Date
    Select a spread date. This is the start of the time period for which the spread amount is budgeted. The current spread date ends when a new spread date period begins or when the contract expires. At least one spread record must match the contract effective date.
    Spread Amount
    Specify a spread amount. This is the value that is allocated for the contract budget within the current spread date period.
  7. Click Save.