Understanding Contract Master Information

Set up a contract master for each contract that you want to maintain and bill in the JD Edwards EnterpriseOne Contract Billing system. The system stores contract master information in the Contract Master table (F5201). You use the contract master to identify individual contracts in the system.

Create a master record for a contract before entering any other parts of the contract information. You set up master information for a contract to specify:

• Identification information, such as the contract number, customer number, and related job or project.

• Payment terms that can affect the contract as a whole, such as discount terms or when payment is due.

• Tax information, if applicable.

• Additional details, such as the location of the job or project, the names and addresses of people involved in the contract, the host business unit, and start and completion dates.

• Currency specifications.

• Retainage rules.

• Not-to-exceed rules.

• Ten user-defined category codes, which you can use to categorize contracts.