An agreement with the business partner that defines the terms
and conditions like deliverables, billing plan, payment terms and so on. A
contract can be linked to one or more projects.
Contract (tpctm1600m000)Use this session to create and maintain data for a contract. Note
Agreement Sales Contract An agreement with the business partner that defines the terms
and conditions like deliverables, billing plan, payment terms and so on. A
contract can be linked to one or more projects. Sold-to Business Partner Usually a customer's purchase department, the business partner
who orders goods or services from your organization, that owns the
configurations you maintain, or for whom you perform a project. The agreement with the sold-to business partner can include the following:
Address A full set of addressing details, which include the postal
address, access numbers for telephone, fax, and telex, e-mail and Internet
address, identification for taxation purposes, and routing
information. Contact The person with whom you discuss business transactions. For
example, you address questions, quotations, and follow-up calls, direct mail,
and promotional gifts to the contact. The contact's data include the name,
telephone number, e-mail address, and other details. Sales Office Program A group of related projects managed in a coordinated way to
obtain more benefits and control. Program Manager The employee who is the program manager for the
contract. Search Argument An alternative form of a description used for convenience
during searching. Typically, it is an abbreviation, an acronym, or a mnemonic
alternative to a full description. Execution Contract Manager The employee who is the contract manager. Project An endeavor with a specific objective to be met within the
prescribed time and financial limitation, and that has been assigned for
definition or execution. Financials Status Note If the contract header is Canceled, all lines are also set to Canceled. Contract Type Hold Reason The reason for putting the contract on hold. Phase The identification of a stage or a phase during the execution
of the contract, for example, bidding, printed, sent to customer, and so
on. Currency The currency of the contract amount. Exchange Rate Type A way to group currency exchange rates. You can assign
different currency exchange rates to different invoice-to business partners
and/or to different types of transactions (purchase, sales, and so on). Contract Amount The amount specified for the contract. Currency The currency used to express the contract amount. Total Contract Lines The total of all contract line amounts. Note Contract lines with the status Free are not considered when calculating the total amount. For example:
The total amount of the contract lines is calculated as 300,000. However, if the status of the third contract line is set to Active, the total amount will be 600,000. Currency The currency of the total contract line amounts. Acceptance Point The acceptance point. Allowed values Dates Contract Award Date The date when the contract is awarded. Effective Date The date when the validity period of the contract
starts. Expiry Date The date when the validity period of the contract
ends. Selling General Internal Sales Representative The internal sales representative, defined in the Employees - General (tccom0101m000) session . The sales representative is used as a
reference with the invoice in the Transfer Project Data to Central Invoicing (tppin4200m000) session. External Sales Representative The employee who is the external sales representative for
the contract, defined in the Employees - General (tccom0101m000) session. Contract Execution The contract type indicates whether your company executes
the project as main contractor or as a subcontractor. Allowed values Financials Currency Rate The currency exchange rate to convert the transaction currency to the
displayed home currency. Rate Factor The factor by which the amount in the transaction currency or
the invoice currency is divided before LN converts it to a
home currency. A rate factor is often used for currencies that have a
relatively low price, for example, Korean Won. Home Contract Amount The contract amount in home currency. In Home Currency One of a company's base currencies in which LN registers and
reports amounts. In a multicurrency system, up to three home currencies can be defined: Approved for Invoicing The amount approved for invoicing for the
contract. Currency The currency of the approved for invoicing amount for the
contract. Home Invoiced Amount The approved for invoicing amount in home currency. Invoiced to Date The amount invoiced till date for the contract expressed in
the contract currency. Note The invoiced amount is based on the revenue transactions registered in the Revenue Transactions (tpppc3805m000) session and includes the invoiced amounts of any contract type/invoice type and processed through Invoicing. The holdback amount, advance payments and manual revenues are not included in the invoiced amount. Invoiced to Date The invoiced to date amount expressed in the home
currency. Total Funded Amount The maximum amount that is funded for the contract. Note This is a display field. The value in this field is defaulted based on the aggregate of the funded amounts for all the contract lines linked to the contract. Funded Amount in Home Currency The total contract funded amount expressed in the home
currency. Funding Distribution The default method used to determine the distribution of
the contract fund amount. Allowed values Default value By default, this field is set to None. Tracking Created by The user who creates the record. Creation Date The date when the record is created. References First Reference The reference text to be printed on the invoices, for
example, the name of a contact person or a customer reference number. Second Reference The reference text to be printed on the invoices, for
example, the name of a contact person or a customer reference number. Text The text related to the contract. Invoicing Invoicing Invoice-to Business Partner The business partner to which you send invoices. This usually
represents a customer's accounts payable department. The definition includes
the default currency and exchange rate, invoicing method and frequency,
information about the customer's credit limit, the terms and method of payment,
and the related pay-by business partner. Address A full set of addressing details, which include the postal
address, access numbers for telephone, fax, and telex, e-mail and Internet
address, identification for taxation purposes, and routing
information. Contact The person with whom you discuss business transactions. For
example, you address questions, quotations, and follow-up calls, direct mail,
and promotional gifts to the contact. The contact's data include the name,
telephone number, e-mail address, and other details. Invoice Type The invoice type determines the invoicing method for the contract. Allowed values Invoicing Method This method is only used for contract projects to invoice to Financials. Capital projects have no invoicing. Sales order projects use Invoicing for invoicing. Invoice Discount The percentage calculated as a discount on the invoice
amount of the contract. Invoice Delivery Method A user-definable way to categorize invoices by their delivery
method. LN prints
invoices grouped by the invoice delivery method. Per invoice delivery method, LN sorts and prints the
invoices within each ZIP/postal code by address. You can select a default invoice delivery method for each invoice-to business partner. Sales Type A sales order property that allows you to identify the kind of
sale made and the kind of receivable. This property is used to post the sales
to the correct Accounts Receivable account when the invoice is created. To post a sales
invoice, LN retrieves
the control account from the sales type linked to the sales order line, project
contract, and so on. Project Text on Invoice If this check box is selected, LN prints the project related text on the invoices. Note If this check box is cleared, Infor LN prints the contract line text on the invoice. Billing Cycle The time interval defined to generate billing statement for the
contract. Last Transferred to Invoicing The date when the contract is last invoiced. Next Invoice Date The date when the next invoice is generated. Rate Determiner The date used to determine the exchange rate. Allowed values Advances / Installments Advance Payment Requests The method used to determine whether advance payment request is applied to the contract or contract line. Allowed values Liquidation % Advances The liquidation percentage calculated to settle the
invoices against the advances for the contract line. Note
Example: For an advance payment request for 2000 EUR , a percentage of 75% is defined on the contract line. If a delivery based invoice of 1000 EUR is sent to the customer, an amount of 750 EUR can be paid to settle the advance and the customer is invoiced for 250 EUR. If no percentage is set the maximum amount possible is settled. Installment Type The installment type for the contract. Allowed values Installment Schedule The installment schedule for the contract. Note You can define the installment schedule for the contract only if the Installment Type field is set to Percentage. Number of Points The total number of points that you can distribute to the
installments of the contract. Example
Note This field is available only if the Installment Type field is set to Points. Labor Part of Contract Amount The percentage of the total contract amount based on the
agreement with the main contractor for the labor costs. Note This field is relevant only in the Netherlands. You can view this field only if the WKA check box is selected in the General Project Parameters (tppdm0100s000) session. Labor B-Account This field is only relevant in the Netherlands. Note You can view this field only if the WKA check box is selected in the General Project Parameters (tppdm0100s000) session. Holdback Holdback Holdback Percentage The holdback amount expressed as a percentage. You can
define the holdback percentage only if the Holdback field is set to All Invoices or Based on Progress. Note If a holdback percentage is defined for a project and if the Use Holdback check box is selected for the installment linked to the project, the holdback percentage of the project is defaulted in this field. Progress Threshold The progress threshold percentage for the contract. You can
define the threshold percentage only if the Holdback field is set to Based on Progress. Paying Paying Pay-by Business Partner The business partner from which you receive payments. This
usually represents a customer's accounts payable department. The definition
includes the default currency and exchange rate, the customer's bank relation,
the type of reminders you send to the business partner, and the frequency of
sending reminders. Address A full set of addressing details, which include the postal
address, access numbers for telephone, fax, and telex, e-mail and Internet
address, identification for taxation purposes, and routing
information. Contact The person with whom you discuss business transactions. For
example, you address questions, quotations, and follow-up calls, direct mail,
and promotional gifts to the contact. The contact's data include the name,
telephone number, e-mail address, and other details. Phone The phone number of the pay-by business partner. Payment Terms Agreements about the way in which invoices are paid. The payment terms include:
The payment terms allow you to calculate:
Late Payment Surcharge The percentage that is charged over the goods amount or over
rendered services that the recipient of the invoice must pay if the invoice is
not paid within a specified period. Payment Method The way in which the payment (purchase invoice) or the direct
debit (sales invoice) takes place. The payment method defines details such as,
the maximum amount, the type of due date, if foreign currencies are allowed,
and which details must be printed on the report. These details are default values that you can change on the order or invoice as necessary. Bank Account Code The code that uniquely identifies the bank. Description The description or name of the code. Bank Account The bank account number. The bank account is identified by a number of the business partner with the bank indicated by the bank account code and displayed based on the bank account code. International Bank Account Number The international bank account number for the contract. This is a display
field.
Set Status to Sets the contract status to the selected value. Free Sets the contract status to Free. On Hold Sets the contract status to On Hold. Active Sets the contract status to Active. Closed Sets the contract status to Closed. Canceled Sets the contract status to Canceled.
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