Closing a contract: Contract close update

Closing a contract means updating and forwarding the wage and unit balances associated with contract-type time records that were processed by the Infor payroll application and closed by Payroll Close (PR197) to Employee Contract (CM13.1) and Employee Contract Assignments (CM14.1) and Employee Supplemental Assignments (CM15).

This procedure outlines the process of closing a contract.

  1. Access Contract Close Update (CM197).
  2. Complete the form. Specify this information:
    Company

    Select a company.

    Processing Group

    Select a processing group.

    Process Level

    Select a process level.

    Report Sequence

    Select whether information on the report will be sorted by name or by number.

    Update Option

    Select whether you want to update the contract balances:

    • Report Only creates a report of the contract balances but does not update them.

    • Update creates a report and updates the balances.