Now Reading: Project Contract – Before and after confirmation
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Project Contract – Before and after confirmation
Scenario 1 – Change of cost and sales price before confirmation of project contract
Before project contract confirmation, the time transaction has following actuals transactions:
The cost and sales price are updated and the project contract is “Confirmed”. This is the message which system gives. Highlighted part is important.
After project contract confirmation, the time transaction has following actuals transactions:
Now if the contract is lost, then the system reverses the “Unbilled sales” as seen below:
If there is no change made to the cost and sales prices and if the contract is confirmed after the posting of transaction, this is what happens to the actuals – nothing.
Before project contract confirmation, the time transaction has following actuals transactions:
The time transactions will now be billed by changing the status to “Ready for invoicing”
Once invoiced, the “Unbilled sales” are reversed and the ” Billed sales” is generated.
Now if the cost (is changed from 270 to 290) and sales (is changed from 350 to 380) prices are changed and the contract is confirmed, this is what happens. The transactions that are billed remains unchanged, refer to the transactions in RED. The transactions that are yet to be billed, are updated with new prices as described above, refer to the transactions in BLUE.
But the system is smart enough to understand that the new “Unbilled sales” should appear in the back log transactions area:
Original Post http://axaptamaniac.blogspot.com/2022/03/project-contract-before-and-after.html
