Updating contract life to date balances

This list contains items to consider:

  • An update to LTD balances may be required for draw-downs or invoiced amounts that occurred in the legacy system.
  • If ISD (Infor Spreadsheet Designer) is used to load LTD balances, then provide the key field for the project contract. The key field must include the structure, which is defined as a numeric node followed by _ProjectContract.
  • An update to LTD balances may be required when amounts are specified by posting dimension. Posting dimensions are the expense code block on the original transaction.
  • If invoice summarization is selected for project or billing override, then the LTD balance amounts are used to include line-level LTD balances on the summarized invoice.
  1. Select Financials > Project Ledger > Setup > Project Setup.
  2. Click the Structure tab.
  3. Open a project structure and click the Hierarchy tab.
  4. Open a contract summary project and select Actions > Update.
  5. Click Contract Information.
  6. Click the Balance Adjustments tab.
  7. Select previously created records and select Actions > Update Contract LTD Balances.
    The selected balance adjustments are removed and displayed on the LTD Balances tab. The adjustments are reflected in the Invoiced and Recognized sections on the Contract Totals tab.