Project jurisdiction codes

A jurisdiction code is an international requirement for many countries in Europe. Sequential numbering of documents and transactions is a common business practice in Europe. A jurisdiction code can be used for auditing or historical verification. In some countries, continuous sequencing is a legal requirement to show auditors. In other countries, continuous sequencing is a commonly accepted business practice. Different sequences are permissible for different document types and sources. For example, invoices and credit memos may have different sequences. Invoices generated by direct orders may have difference sequences than invoices interfaced from another system. These differing sequences are often distinguished by a prefix, which is acceptable as long as an element of the sequence number is incremented. When a project contract funding type is either External Grant or External Customer, you can assign a jurisdiction code. The jurisdiction code can be overridden on the project funding source.