Reviewing Contract Summaries

Contract summaries are vital pieces of information for all organizations. The Review Contract Summary page enables you to view existing contract-related information, such as where the contract is in its life cycle, associated amendments, and contract amounts (including total amount invoiced, total cash collected, total revenue recognized, and total forecasted revenue).

This section discusses how to review contract summaries and review contracts AR items.

Page Name	Definition Name	Usage
Review Contract Summary Page	CA_CONTR_SUM_PNL	Review contract summary details.
Contracts AR Items Page	CA_CONTR_ITEM	Review and edit AR item information.

Use the Review Contract Summary page (CA_CONTR_SUM_PNL) to review contract summary details.

Navigation:

Customer Contracts > Review Contract Summary > Review Contract Summary

This page displays the contract type, contract status, customer, business unit, region code, and other vital contract information at a glance.

Note: This page does not support revenue from contract lines for which PeopleSoft Billing instead of PeopleSoft Contracts manages revenue. Therefore, revenue from contract lines with a revenue method of Billing Manages Revenue does not appear on this page.

Field or Control	Description
Contract Number	Click to access the General contract definition page. The contract number is vital for record keeping. The number is defined when you set up the contract.
Amendment Number	Click to access the Contract Amendment page. If an amendment is associated with this contract, the current amendment number appears. If no amendment is associated with this contract, 0000000000 appears. Use the Contracts Amendment page to create a new amendment. Note: If this is a contract in Pending status, no amendment number or link appears because an amendment is needed for a contract that is in an Active processing status only.

Field or Control

Description

Contract Number

Click to access the General contract definition page. The contract number is vital for record keeping. The number is defined when you set up the contract.

Amendment Number

Click to access the Contract Amendment page. If an amendment is associated with this contract, the current amendment number appears. If no amendment is associated with this contract, 0000000000 appears. Use the Contracts Amendment page to create a new amendment.

Note: If this is a contract in Pending status, no amendment number or link appears because an amendment is needed for a contract that is in an Active processing status only.

Summary

Field or Control	Description
Total Billed	View the total amount after the Billing Finalization (BIIVC000) and the Projects/Contracts Interface (BIPCC000) processes are complete. This is the actual amount sent to the customer, which includes the extraction of any discounts.
Total Collected	View the total amount that is collected or click the Accounts Receivable button for more detailed information. The total collected amount includes sales tax. Note: The total billed may be different from the total collected because the total collected includes sales tax. Important! The system calculates a value in this field only when the bill by ID uses the contract number. Otherwise, the value will display a zero amount.
	Click to access the Contracts AR Items page. This button does not appear on the page if you do not have access to PeopleSoft Receivables or if your user profile does not provide access to the Contracts AR Items page.
Total Revenue Recognized	View the total amount of revenue recognized in the general ledger for both amount-based and rate-based contract lines. This amount includes any discounts or surcharges. Note: This amount does not include revenue from any contract lines with a revenue method of Billing Manages Revenue. See Accounting Distributions.

Billing Amounts

Field or Control	Description
Fixed Billing	Displays the total fixed billing for the amount and percent based contract lines plus the amount of inclusive prepaids on the contract.
Subtotal	Displays the sum of values in the Fixed Billing, Discounts/Surcharges, and Non-inclusive Prepaids fields.
As Incurred Billing Limits (Less Prepaid)	Displays the sum of billing limits for rate based contract lines without the prepaids (inclusive and non-inclusive).
Recurring Billing	Displays the sum of recurring billing amounts for all recurring contract lines corresponding to the contract.
Total	Displays the sum of values in the Fixed Billing, Discounts/Surcharges, Non-Inclusive Prepaids, As Incurred Billing Limit (Less Prepaid) and Recurring Billing amounts fields.

Revenue Amounts

Field or Control	Description
Fixed Revenue	Displays the total fixed revenue for the amount and percent based contract lines plus the amount of inclusive prepaids on the contract.
Subtotal	Displays the sum of values in the Fixed Revenue, Discounts/Surcharges, and Non-inclusive Prepaids fields.
As Incurred Revenue Limits (Less Prepaid)	Displays the sum of revenue limits for rate based contract lines without the prepaids (inclusive and non-inclusive).
Recurring Revenue Total	Displays the sum of recurring revenue amounts for all recurring contract lines corresponding to the contract.
Total	Displays the sum of values in the Fixed Revenue, Discounts/Surcharges, Non-Inclusive Prepaids, As Incurred Billing Limit (Less Prepaid) and Recurring Revenue amounts fields.

Contract Lines

This group box lists information about contract lines: products and services sold, limits on the contract line, and the status of billing and revenue plans (if assigned).

Field or Control	Description
Billing Plan	If you have a billing plan, then you can click the link displaying the billing plan status. Click the link to access the Billing Plan General page, where you can view more detailed information about the contract's billing plan.
Revenue Plan	If you have a revenue plan, then you can click the link displaying the revenue plan status. Click the link to access the Revenue Plan page, where you can view more detailed information about the contract's revenue plan.

Related Projects

This region includes information about the project description and project status.

Field or Control	Description
Project	If you have a project and activity attached to this contract, then you can click this link. Click the link to access the Project Summary page for the associated project and activity.

Contract Milestones

This region includes information about contract milestones, the status of the milestone, and whether the milestone impacts billing or revenue.

Field or Control	Description
Milestone ID	To view more detailed information about each milestone, click the milestone located in the Milestone ID column.
Billing Impact	Indicates whether this milestone impacts billing plans that are tied to this contract.
Revenue Impact	Indicates whether this milestone impacts revenue plans that are tied to this contract.

Use the Contracts AR Items (contracts accounts receivable items) page (CA_CONTR_ITEM) to review and edit AR item information.

Navigation:

Click the Contracts AR Items button on the Review Contract Summary page.

Field or Control	Description
Business Unit	Displays the PeopleSoft Contracts business unit.

Accounts Receivable Items

The fields that appear in this group box are the same as those on the Item Maintenance pages in PeopleSoft Receivables.

See Changing and Reviewing Item Information.

Field or Control	Description
AR Business Unit	Displays the PeopleSoft Receivables business unit.
Item ID	Click to access the Item Maintenance pages for the item.

Note: If you do not have security access to a particular business unit, items for that business unit do not appear in this list.