Defining contract fees and penalties

  1. Select the Fees and Penalties option from the References menu in the Contract Lines (tpctm1110m000) session. The Fees and Penalties (tppin0180m000) session is displayed.
  2. Click New to create fee and penalty lines for the selected contract line.
  3. Specify the Fee Type, Revenue Code, Invoicing Method, and Payment Terms for the fee and penalty line.
  4. Specify the project data: Project, Element, Activity, and Triggering Activity.
    Note: These values are used for revenue transactions during invoicing.
  5. 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.
  6. Specify the fee or penalty amount and the invoice amount (approved amount).
  7. Approve the fee line using the Approve option.
  8. Transfer the fee and penalty line to Invoicing using the Transfer option.
  9. Use the Invoicing 360 (cisli3600m000) session to compose, post, and print the invoices for the fee and penalty lines.
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