Creating installments

  1. Select Financials > Project Ledger > Setup > Project Setup.
  2. Select the Structure tab.
  3. Open a project structure and click the Hierarchy tab.
  4. Open a summary contract project and click Contract Information.
  5. Click the Project Funding tab and select a funding source.
  6. Perform one of these steps:
    • To create a billing installment, click Actions > Create Billing Installments.
    • To create a revenue installment, click Actions > Create Revenue Installments.
  7. Specify this information:
    Frequency
    Select a frequency for the installments that are created.
    Start Date
    For billing installments, specify the projected start date to bill the first installment. For revenue installments, specify the projected start date to recognize revenue.
    Total Amount
    Specify the amount if the amount is different from the funded amount or the remaining funded amount. The remaining funded amount is the default value. This amount is divided by the number of installments to calculate the installment amount.
    Number of Installments
    Specify the number of installments that is billed.
    Posting Project
    Select a posting project for the billing installment to override the default setup on the contract project funding.
  8. Click Submit.