To create contract fees and penalties

To create contract fees and penalties, complete the following steps:

Step 1. 

In the Contract Lines (tpctm1110m000) session, on the References menu, select Fees and Penalties.

Step 2. 

In the Fees and Penalties (tppin0180m000) session, click New to create fee and penalty lines for the selected contract line.

  • Select the fee type.
  • Select the revenue code for the fee and penalty line.
  • Select the invoicing method, payment terms, and payment method for the fee and penalty line.
  • Specify the project data; Project, Element, Activity, and Triggering Activity. Note: These values are used for revenue transactions during invoicing.
  • Specify the Planned Invoice Date. The Planned Invoice Date is defaulted with the Scheduled Finish Date of the activity specified in the Triggering Activity field. However, you can modify the date.
  • Specify the fee or penalty amount and the Invoice Amount (approved amount).
  • Approve the fee line using the Approve option.
  • Transfer the fee and penalty line to Invoicing using the Transfer option.
Step 3. 

In the Invoicing 360 (cisli3600m000) session, compose, post, and print the invoices for the fee and penalty lines.

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