Project contract tabs

Tab	Description
Main	Key information for the contract: dates, contract amount, currency, billing method, revenue option and method, invoice formats, contract ID, and budgets.
Contract Totals	The contract totals for billing and revenue.
Project Funding	Add funding sources.
Modifications	This tab is available if the Project Contract Change Approval check box is not selected on the enterprise project structure. Create, view, and release all modifications for project funding sources on this tab.
Project Funding Change Requests	This tab is available if the Project Contract Change Approval check box is selected on the enterprise project structure. View and release all change requests for project funding sources on this tab.
Posting Projects	A list of the posting projects for the contract.
Contract Change Requests	This tab is available if the Project Contract Change Approval check box is selected on the enterprise project structure. View and release all change requests for project contracts on this tab.
Percent Complete	This tab is available after the Percent Complete action is run for a project contract. A record can be opened and updated using the override fields for costs to complete, percent complete, or gross margin percent.
Fees	Add project contract fees to project contracts.
Vendors	A list of vendor and contract management contracts that are associated with the project contract. Related vendors and contracts are also displayed with links to the vendor master or contract.
Invoices	This tab is available after the Generate Invoices action is run. The invoices in both the created and journalized statuses are displayed. Invoices in the created status are considered a draft and can be updated or deleted. After an invoice has been journalized, journal entries are created and posted to Global Ledger and Receivables invoices are created. After an invoice is journalized, it cannot be updated or deleted. A journalized invoice can be reversed.
Revenue	This tab contains project contracts that recognize revenue separate from invoicing. This tab is available after the Recognize Revenue action is run. The revenue that is recognized in both the created and journalized statuses are displayed. The created status is a draft. Revenue that is recognized in a created state can be updated or deleted. After the recognized revenue has been journalized, journal entries are created and posted to Global Ledger. When the status is journalized, it cannot be updated or deleted. Journalized revenue can be reversed.
Receivable Invoices	This tab is available for project contracts after the Journalize Invoice action is run. The receivable invoices that are created for external funding sources are displayed, for example, external customers and grants. The receivable invoice number for accessing the invoice in Receivables is displayed. After cash has been applied to the receivable invoice in Receivables, a list with the applied amounts for the invoice is displayed with the receivable invoice.
Prepayments	Prepayments that are created in receivable payments. The prepayments for the project contract are listed.
Front End Split Distributions	This tab is available after the Generate Front End Split Distributions action is run. The distributions are only displayed in the created status. When the front end split distributions are journalized, the tab is not displayed. Front end split distributions in the created status are considered a draft and can be removed.
Front End Split Results	This tab is displayed on contracts that have front end splits enabled. This tab is available after the Generate Front End Split Distributions action is run and contains a summary of the results. After the distributions are journalized, the list contains the Journalize Group so that you can access the journal entry in global ledger. The records in this list are not automatically deleted. Use the action to delete results records when they are no longer required.
Partially Billed	Transactions for which only a portion of the expense was billed when the contract funding limit was reached. If the funding is increased, then any invoices that are generated include the remainder of the partially billed transactions.
Partially Recognized	Transactions where only a portion of the expense was recognized when the contract funding limit was reached. If the funding is later increased, then any revenue that is recognized includes the remainder of the partially recognized transactions.
Errors	This tab is available if errors occur when revenue or invoices are journalized. Correct the errors and reverse the journalized invoice or revenue and journalize again. Errors can be manually deleted from the list after the issue is resolved. Notes can be attached to identify the person who resolved the issue and the method by which the issue was resolved. To attach a note, create a user field in which to include notes.
LTD Balances	Invoiced balances by funding source, posting project, and finance structure dimensions. Records include invoice amount, billable amount, billable hours, and revenue amount. These balances can be used to print life-to-date balances on invoices.
Balance Adjustments	Update the invoiced and recognized balances. Use balance adjustments to convert historical invoiced and recognized amounts for contracts that are progress. Life to date balances are updated by balance adjustments without creating Receivables invoices or Global Ledger journal entries. Adjustments that have been specified but have not been updated are displayed.
Totals	The global ledger totals for the contract posting projects.
Performance Obligations	Track contract performance obligations, the transaction price, fair market value, selling prices, comments, and attachments. A performance obligation is a promise to transfer a good or service. A performance obligation can be explicitly stated in the contract or implied by customary business practices and published policies outside of the contract.
User Fields	User fields are added in personalizations in the configuration console.
Comments	Comments for the contract.
Invoice Export	Journalized invoices header and invoice lines.
Reversal Export	Reversed header and invoice lines for journalized invoices. This data can be exported for third-party invoices.

Main

Key information for the contract: dates, contract amount, currency, billing method, revenue option and method, invoice formats, contract ID, and budgets.

Contract Totals

The contract totals for billing and revenue.

Project Funding

Add funding sources.

Modifications

This tab is available if the Project Contract Change Approval check box is not selected on the enterprise project structure. Create, view, and release all modifications for project funding sources on this tab.

Project Funding Change Requests

This tab is available if the Project Contract Change Approval check box is selected on the enterprise project structure. View and release all change requests for project funding sources on this tab.

Posting Projects

A list of the posting projects for the contract.

Contract Change Requests

This tab is available if the Project Contract Change Approval check box is selected on the enterprise project structure. View and release all change requests for project contracts on this tab.

Percent Complete

This tab is available after the Percent Complete action is run for a project contract. A record can be opened and updated using the override fields for costs to complete, percent complete, or gross margin percent.

Fees

Add project contract fees to project contracts.

Vendors

A list of vendor and contract management contracts that are associated with the project contract. Related vendors and contracts are also displayed with links to the vendor master or contract.

Invoices

This tab is available after the Generate Invoices action is run. The invoices in both the created and journalized statuses are displayed. Invoices in the created status are considered a draft and can be updated or deleted. After an invoice has been journalized, journal entries are created and posted to Global Ledger and Receivables invoices are created. After an invoice is journalized, it cannot be updated or deleted. A journalized invoice can be reversed.

Revenue

This tab contains project contracts that recognize revenue separate from invoicing. This tab is available after the Recognize Revenue action is run. The revenue that is recognized in both the created and journalized statuses are displayed. The created status is a draft. Revenue that is recognized in a created state can be updated or deleted. After the recognized revenue has been journalized, journal entries are created and posted to Global Ledger. When the status is journalized, it cannot be updated or deleted. Journalized revenue can be reversed.

Receivable Invoices

This tab is available for project contracts after the Journalize Invoice action is run. The receivable invoices that are created for external funding sources are displayed, for example, external customers and grants. The receivable invoice number for accessing the invoice in Receivables is displayed. After cash has been applied to the receivable invoice in Receivables, a list with the applied amounts for the invoice is displayed with the receivable invoice.

Prepayments

Prepayments that are created in receivable payments. The prepayments for the project contract are listed.

Front End Split Distributions

This tab is available after the Generate Front End Split Distributions action is run. The distributions are only displayed in the created status. When the front end split distributions are journalized, the tab is not displayed. Front end split distributions in the created status are considered a draft and can be removed.

Front End Split Results

This tab is displayed on contracts that have front end splits enabled. This tab is available after the Generate Front End Split Distributions action is run and contains a summary of the results. After the distributions are journalized, the list contains the Journalize Group so that you can access the journal entry in global ledger. The records in this list are not automatically deleted. Use the action to delete results records when they are no longer required.

Partially Billed

Transactions for which only a portion of the expense was billed when the contract funding limit was reached. If the funding is increased, then any invoices that are generated include the remainder of the partially billed transactions.

Partially Recognized

Transactions where only a portion of the expense was recognized when the contract funding limit was reached. If the funding is later increased, then any revenue that is recognized includes the remainder of the partially recognized transactions.

Errors

This tab is available if errors occur when revenue or invoices are journalized. Correct the errors and reverse the journalized invoice or revenue and journalize again.

Errors can be manually deleted from the list after the issue is resolved.

Notes can be attached to identify the person who resolved the issue and the method by which the issue was resolved. To attach a note, create a user field in which to include notes.

LTD Balances

Invoiced balances by funding source, posting project, and finance structure dimensions. Records include invoice amount, billable amount, billable hours, and revenue amount. These balances can be used to print life-to-date balances on invoices.

Balance Adjustments

Update the invoiced and recognized balances.

Use balance adjustments to convert historical invoiced and recognized amounts for contracts that are progress. Life to date balances are updated by balance adjustments without creating Receivables invoices or Global Ledger journal entries. Adjustments that have been specified but have not been updated are displayed.

Totals

The global ledger totals for the contract posting projects.

Performance Obligations

Track contract performance obligations, the transaction price, fair market value, selling prices, comments, and attachments. A performance obligation is a promise to transfer a good or service. A performance obligation can be explicitly stated in the contract or implied by customary business practices and published policies outside of the contract.

User Fields

User fields are added in personalizations in the configuration console.

Comments

Comments for the contract.

Invoice Export

Journalized invoices header and invoice lines.

Reversal Export

Reversed header and invoice lines for journalized invoices. This data can be exported for third-party invoices.