Creating a contract

Using contracts, you can modify the price base for a specific customer for a specific period of time.

  1. Select Financials > Billing > Setup > Item Related Setup > Price List Contract Promotion.
  2. Click Create > Create Contract.
  3. Specify this information:
    Company
    Select a company number.
    Customer
    Select a customer number.
    Contract
    Specify the contract and the description.
  4. On the Contract Data 1 tab, specify this information:
    Effective Dates
    Select the dates that this contract is in effect.
    Inventory Location
    Select the inventory location.
    Base
    Select the price base that the contract modifies.
    Default Percent
    Specify the default percentage to multiply by the item's price base to calculate the item's price. Contract percentages that are assigned to sales classes or individual items override this default percentage.
    Discountable
    Select this check box if the order lines are included in the total amount on which the order discount is based.
    Discount Code
    Select the discount code. This discount is automatically applied to the item price.
    Currency
    Select the currency that is in effect for this contract. If this field is blank, then orders in any currency can be priced using this contract.
    Contract Rate
    Select the currency rate that is in effect for this contract. If this field is blank, then the rate that is specified on the currency code at the time of invoicing is used.
    Broken Case Charge
    Apply an add-on charge that is assessed when the contract is used and when a line is priced using multiple pricing units.

    The minimum and maximum amount parameters are informational. No processing functionality is tied to them.

  5. On the Contract Data 2 tab, specify this information:
    Date
    Select the date indicating when the contract is approved and signed.
    Contact
    Specify the name of the customer that can be contacted regarding this contract.
    Phone Country Code/Phone Number/Extension
    Select the phone country code and specify the telephone number/extension.
    Previous Contract
    Specify the number that is used to reference the previous contract.
    Customer Reference
    Specify a reference number for the contract.
    Minimum Amount
    Specify the minimum sales amount for the contract.
    Maximum Amount
    Specify the maximum sales amount that is permitted for the contract. This amount is printed on a report of actual contract sales.
  6. Click Save.